Real effective exchange rate and its impact on foreign trade: the case study of Kazakhstan

Bc. Saule Magafirina

Diplomová práce

Abstract:

The level of the exchange rate is an important macroeconomic indicator, and its change has a significant impact on the economy. Changes in the exchange rate determine the status of a country in the global economic space, and with it the guidelines for its further development, both in external and internal trade relations. Thus, the real exchange rate has an impact on the development of foreign trade economic relations. Therefore, this dissertation is devoted to the study of the main question - what is the impact of the real effective exchange rate (REER) of the national currency KZT on exports in the Republic of Kazakhstan. The practical part of this dissertation will contain a brief retrospective analysis of Kazakhstan's foreign trade, an analysis of the commodity structure of Kazakhstan's foreign trade, its main trading partners and the Balance of Trade for the period 2000-2021. Further research in the course of this work focuses on the analysis of selected variables (USD, EUR, RUB, CNY) with an emphasis on exchange rate quotes. The analysis of the dynamics of the exchange rate of the national currency KZT for the period 2000-2021 is presented. The most important thing that was considered was the impact of an effective exchange rate on the export and economic development of Kazakhstan. Regression analysis was used to determine the degree of influence between the variables, as well as to establish their relationship with a detailed description to determine whether the real effective exchange rate of the national currency KZT has an impact on Kazakhstan's exports.

Keywords

Kazakhstan, REER, Foreign trade, Regression analysis, Export, Import

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 1. 4. 2022

Obhajoba závěrečné práce

• Vedoucí: Mgr. Elena Kuzmenko, Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Magisterský studijní program / obor:
Economics and Management / Economics and Management