CEE Exchange Rates Report for April 22 – April 26

By: Thomas Taheny, The Quinnipiac University Economics Research Team 

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 April 22nd to April 26th, Central European currencies experienced a shift in momentum compared to the previous week. The Hungarian forint (green) notably trended upward by 0.76% this week. Additionally, the Czech koruna (blue) showed a slow increase in value over the week, reaching a 0.4% increase by the week's end. The Polish zloty (red) experienced a slight uptick in value, maintaining roughly a 0.2% increase throughout the week. However, the Romanian leu (yellow) remained largely unchanged, showing no significant movement once again this week.

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.  

The week of April 22nd to April 26th saw minimal movement from the Central European currencies. The Polish zloty (PLN) saw a slight increase in value, reaching its median and stabilizing at that point for the week. Similarly, the Romanian leu (RON) has remained at its lowest level since last week and has not experienced significant movement. The Hungarian forint (HUF) increased; however, it did not reach its median value this week. Notably, the Czech koruna (CZK) rose above its median point of fluctuation for the week.