Table 5.

Descriptive statistics

	Mean	Std. Dev.	Median	Q${}_1$	Q${}_3$	Skew.	Kurt.
Panel A: July 2017–June 2020
XAU	$-$0.485	0.445	$-$0.534	$-$0.783	$-$0.267	0.847	4.657
XAG	0.046	0.441	$-$0.009	$-$0.257	0.251	1.046	5.322
BRE	0.525	0.560	0.435	0.167	0.756	1.286	5.617
WTI	0.595	0.671	0.491	0.190	0.811	2.145	11.890
CHF	$-$0.993	0.375	$-$1.014	$-$1.231	$-$0.773	0.472	3.848
JPY	$-$1.018	0.442	$-$1.022	$-$1.301	$-$0.761	0.388	4.475
Panel B: July 2017–February 2020
XAU	$-$0.558	0.382	$-$0.593	$-$0.820	$-$0.342	0.526	3.968
XAG	$-$0.039	0.355	$-$0.058	$-$0.279	0.162	0.570	4.074
BRE	0.391	0.391	0.389	0.127	0.607	0.466	4.240
WTI	0.430	0.409	0.428	0.157	0.679	0.271	3.819
CHF	$-$1.031	0.346	$-$1.033	$-$1.253	$-$0.816	0.201	3.307
JPY	$-$1.054	0.410	$-$1.041	$-$1.325	$-$0.780	$-$0.036	3.745
Panel C: March 2020–June 2020
XAU	0.108	0.474	0.047	$-$0.251	0.265	0.944	3.590
XAG	0.739	0.458	0.683	0.392	0.895	1.164	4.517
BRE	1.599	0.559	1.543	1.282	1.883	0.531	3.244
WTI	1.922	0.876	1.680	1.413	2.304	1.626	7.081
CHF	$-$0.686	0.448	$-$0.767	$-$1.037	$-$0.399	0.645	2.894
JPY	$-$0.732	0.575	$-$0.894	$-$1.139	$-$0.384	0.878	3.106

This table presents descriptive statistics of the daily logged volatilities of spot prices of WTI oil (WTI), Brent oil (BRE), gold (XAU), silver (XAG), exchange rates of USD/CHF (CHF) and exchange rate of USD/JPY (JPY) over three periods: July 2017–June 2020, July 2020–February 2020, and March 2020–June 2020. Std. Dev. is the standard deviation. Q${}_1$ and Q${}_3$ are the first and third quartiles, respectively. Skew. is the skewness. Kurt. is the kurtosis