Forecasting Exchange Rates Using Time Series Analysis: The sample of the currency of Kazakhstan

Daniya Tlegenova

Papers from arXiv.org

Abstract: This paper models yearly exchange rates between USD/KZT, EUR/KZT and SGD/KZT, and compares the actual data with developed forecasts using time series analysis over the period from 2006 to 2014. The official yearly data of National Bank of the Republic of Kazakhstan is used for present study. The main goal of this paper is to apply the ARIMA model for forecasting of yearly exchange rates of USD/KZT, EUR/KZT and SGD/KZT. The accuracy of the forecast is compared with Mean Absolute Error (MAE), Mean Absolute Percentage Error (MAPE) and Root Mean Squared Error (RMSE).

Date: 2015-08
New Economics Papers: this item is included in nep-cwa and nep-for
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1508.07534

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