CEE Exchange Rates Report for August 5th – 9th
By: Zoe McLaughlin, The Quinnipiac University Economics Research Team
CEE Currencies Index
Source: Yahoo Finance and own calculations. Exchange rates are inverted to be USD 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 August 5 – August 9, all four Central European currencies tracked— the Czech koruna (red), Hungarian forint (green), Polish złoty (blue), and Romanian leu (purple)—decreased in value relative to the United States dollar. The Czech koruna experienced the most significant decline, ending the week down by 1.37%. The Hungarian forint followed closely, with a decrease of 1.21%, while the Romanian leu and Polish złoty declined by 1.13% and 0.74%, respectively.
CEE Currencies Historical Trends
Source: Yahoo Finance and own calculations. Exchange rates are inverted to be USD 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.
Despite its decrease in value relative to the United States dollar this week, the Czech koruna remains slightly above its three-month rolling average. The Hungarian forint and Polish złoty are both just below their respective three-month averages, while the Romanian leu is more than one standard deviation below its rolling average.
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