The Prediction of the USD/EUR Spot Exchange Rate on the Basis of the Forward Exchange Rates

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F15%3A43906696" target="_blank" >RIV/62156489:43110/15:43906696 - isvavai.cz</a>

Výsledek na webu

<a href="http://www.publio.pl/files/samples/86/06/e5/131416/Ekonomista_4_demo.pdf" target="_blank" >http://www.publio.pl/files/samples/86/06/e5/131416/Ekonomista_4_demo.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Prediction of the USD/EUR Spot Exchange Rate on the Basis of the Forward Exchange Rates

Popis výsledku v původním jazyce

The predictive power of the forward exchange rates for the future spot exchange rates is examined by a number of researchers. The author focuses on this topical economic theme, too. The extent to which the future spot exchange rates can be predicted on the basis of the present forward exchange rates is examined by the author. The aim of the paper is the assessment of the prediction of the spot exchange rates USD/EUR on the basis of the forward exchange rates over the period from 2005 to 2013. Both graphical and regression analyses are used to examine the relationship between daily closing spot and forward rates, specifically between 3 month rates and 6 month rates. Chosen parameters are predicted by the ordinary least squares method. The hypotheses related to these parameters are tested at the 5 % significance level. The author examines, whether the time series of the parameters is stationary by means of the augmented Dickey-Fuller test for a unit root in a time series sample. Subseque

Název v anglickém jazyce

The Prediction of the USD/EUR Spot Exchange Rate on the Basis of the Forward Exchange Rates

Popis výsledku anglicky

The predictive power of the forward exchange rates for the future spot exchange rates is examined by a number of researchers. The author focuses on this topical economic theme, too. The extent to which the future spot exchange rates can be predicted on the basis of the present forward exchange rates is examined by the author. The aim of the paper is the assessment of the prediction of the spot exchange rates USD/EUR on the basis of the forward exchange rates over the period from 2005 to 2013. Both graphical and regression analyses are used to examine the relationship between daily closing spot and forward rates, specifically between 3 month rates and 6 month rates. Chosen parameters are predicted by the ordinary least squares method. The hypotheses related to these parameters are tested at the 5 % significance level. The author examines, whether the time series of the parameters is stationary by means of the augmented Dickey-Fuller test for a unit root in a time series sample. Subseque

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Ekonomista

ISSN

0013-3205

e-ISSN

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Svazek periodika

Neuveden

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

PL - Polská republika

Počet stran výsledku

14

Strana od-do

531-544

Kód UT WoS článku

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EID výsledku v databázi Scopus

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