Vliv reálného úrokového diferenciálu na nominální měnový kurz páru EUR/USD

The aim of the diploma thesis „Effect of real interest rate differential into nominal exchange rate of currency pair EUR/USD“ is to examine the impact of real interest rate differential on nominal exchange rate behaviour of currency pair euro against dollar. In first chapters is briefly described development of currency regimes of both currencies, defining the concept of inflation, interest rate and their relationship. Part of the work is also devoted to monetary and fiscal policy as determinants of interest rates, economic activity, inflation and transfer of foreign exchange rates. Then, on the theoretical level, the real interest rate differential is defined and explored as a combination of purchasing power parity theory and uncovered interest rate parity. The last chapters are dedicated to the description of used time series and to the analysis of the influence of the chosen differential on the exchange rate using statistical methods on the relevant derived time series. At the end of the thesis are discussed the results of measurement and deduction of implications for forecasting the movement of the exchange rate in the relevant time horizon.