VAR Lag Order Selection Criteria

Endogenous variables: BRENT USD_ZAR USD_SAR D(USD_RUB) D(USD_JPY) D(USD_CHF) D(EUR_USD)

Exogenous variables: C

Date: 12/21/14 Time: 16:16

Sample: 2/23/2011 9/19/2014

Included observations: 891

Lag

LogL

LR

FPE

AIC

SC

HQ

0

5963.302

NA

3.68e−15

−13.36993

−13.33228

−13.35554

1

10780.55

9548.000

8.28e−20

−24.07307

−23.77187^*

−23.95796

2

10882.52

200.4925

7.35e−20

−24.19196

−23.62720

−23.97611^*

3

10942.47

116.9507

7.17e−20^*

−24.21655^*

−23.38824

−23.89998

4

10974.57

62.11279

7.45e−20

−24.17862

−23.08676

−23.76132

5

11002.14

52.91097

7.82e−20

−24.13051

−22.77510

−23.61249

6

11042.61

77.02092

7.97e−20

−24.11135

−22.49239

−23.49260

7

11079.88

70.36572^*

8.19e−20

−24.08503

−22.20252

−23.36555

8

11107.12

50.98304

8.60e−20

−24.03617

−21.89011

−23.21597