This thesis, entitled "The significance of the exchange rate by the international investment decision", deals with the influence of the exchange rate on the rate of return and on the risk rate of foreign currency portfolio investments, applied on dollar share investments and dollar equity bonds from the point of view of a euro investor. In this thesis, the influence of exchange rate EUR/USD on the rate of return and the risk rate of specified investments is quantified and evaluated, for investment horizons of different lengths, which are always adapted to a specified type of financial assets. Concerning the share investments, the basic investment horizons are: 1 year, 3 years, 5 years, 7 years, 10 years, 15 years, 20 years and 22 years. Concerning the equity bonds investments, the basic investment horizons are: 1 year, 2 years, 3 years, 5 years, 7 years, 10 years and 12 years. The influence of the exchange rate in the speculative operations with lever tools, specifically in futures contracts. The methodology of this thesis deals with methods of quantification and evaluation of the influence of the exchange rate on the rate of return and the risk rate of foreign currency investments. These methods are afterwards applied in the realization of other sectorial empirical analyses of the influence of the exchange rate EUR/USD on the rate of return and on the risk rate of dollar investments in the specified types of financial assets within the frame of the specified investments horizons, always from the point of view of the euro investor. The specified hypotheses are evaluated on the basis of the achieved results from the empirical analyses and they are also compared with another theses with similar topics. The achieved results, with a view to retail investors, also enable to propose and consult the sub-measures, which can reduce the influence of the exchange rate on the rate of return and on the risk rate of their foreign currency investments. Another ways of solving these problems also emerge from this thesis and their results will have the possibility to be compared with the results of this thesis.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:249251 |
| Date | January 2009 |
| Creators | Šoba, Oldřich |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/doctoralThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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