CEE Exchange Rates Report for January 1– January 5

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 January 1-5, the Czech koruna (blue) registered a modest increase of 0.43874%. The Hungarian forint (green) exhibited the most significant change, surging by 1.20826% this week. Conversely, the Polish zloty (red) experienced fluctuations, weakening by 0.39708%. The Romanian leu (yellow) demonstrated stability, with only a slight increase of less than 0.05%.

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 January 1-5, two Central Eastern European exchange rates are positioned at or near their upper bounds, while two linger around their lower bounds. The Czech koruna (CZK) has been on a downward trend in recent weeks and is currently at its lower bound. The Hungarian forint (HUF) has reached its upper bound following a period of fluctuation below it. The Polish zloty (PLN) remains consistently positioned at its upper bound. The Romanian leu (RON) has undergone various movements and currently resides at its lower bound.

Notably, the Czech Koruna has experienced a substantial decline after a rapid surge beyond its upper bound in early December.