Using RBF neural networks to identify relationship between development of oil prices in world market and value of Chinese currency

The objective of the contribution is to identify a possible relationship between the development of the price of Brent oil (Brent in USD/barrel) and the CNY / USD Exchange rate by means of artificial neural networks. Understanding future fluctuation characteristics and the trend in oil prices is the basis for a deep understanding of systemic mechanisms and trends in related research areas. However, given the complexities of oil prices, it is very difficult to obtain accurate forecasts. Within the experiment, a total of 50,000 artificial RBF neural networks were generated. Was found the CNY / USD price will play a significant role in creating China's real product. Given that it was already proven that the CNY / USD exchange depends on Brent in USD / barrel, it is important to focus the further research on finding out the time lag with which the price of Brent in USD / barrel is actually reflected in the price of CNY / USD.