CEE Exchange Rate Report for November 20-24

By: The Quinnipiac University Economics Research Team, Allison Goegel

CEE Currencies Index

Source: Eurostat and own calculations. Exchange rates are inverted to be Euro per local currency (i.e., an increase indicates a stronger domestic currency) and then indexed to 100 at the start of the period. 

During the week of November 20 - November 24, the Czech koruna (blue) finished with an increase of .2254%. The Hungarian forint (green) experienced the most significant change this week, ending off with a total weakening of .4393%. The Polish zloty (red) strengthened by .3025%. The Romanian leu (yellow) remained consistent and showed

no significant change.

CEE Currencies Historical Trends

Source: Eurostat and own calculations. Exchange rates are inverted to be Euro per local currency (i.e., an increase indicates a stronger domestic currency). The center line is a rolling three-month average. The upper and lower boundaries are the average plus and average minus one standard deviation, respectively, for the same three-month period. 

For the week of November 20 - November 24, all but one Central Eastern European exchange remains between their bounds. The Czech koruna (CZK) has reached its average bound once again after a period of movement below. The Hungarian forint (HUF) has dipped and is once again at its high bound, not above that bound. The Polish zloty (PLN) is continuously strengthening beyond its high bound. The Romanian leu (RON) is positioned between its lower and average bounds.

Notably, after significant strengthening in the past few weeks, the Hungarian forint experienced a weakening and is no longer on the upward trend. Also, no Central Eastern European exchange rates remain past their lower bound any more, all exchange rates tracked have experienced movements beyond there in the past three months.