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CEE Exchange Rates Report for July 15 – 19

QU 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 July 15 – July 19, the Hungarian forint (green), Czech koruna (red), and Romanian leu (purple) all decreased in value relative to the United States dollar. The Polish złoty (blue) was the only Central European currency to rise in value, increasing by 0.45% relative to the US dollar. The Hungarian forint faced the most significant decrease, declining by 1.04%. The Czech koruna decreased by 0.73%, and the Romanian leu decreased by 0.37%.


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. 

 

This week, the Czech koruna remains slightly above its three-month rolling average, while the Hungarian forint, Polish złoty, and Romanian leu all remain below their three-month averages. The Hungarian forint and Polish złoty are less than one standard deviation below their respective three-month rolling averages, but the Romanian leu is greater than one standard deviation beneath its rolling average.

 

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