CEE Exchange Rates Report for July 21st- 25th

By: Peter Ort The Quinnipiac University Global 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.  

For the week of July 21-July 25, the Hungarian forint (green), Czech koruna (orange) and, Romanian leu (purple) maintained similar trajectories, while the Polish zloty (blue) preformed differently from the rest. The Hungarian forint and Czech koruna followed each other the same this week, with both currencies having a -1.2% change in exchange rate against the USD. However, on July 24th , the koruna went up to a -1% change while the forint stayed the same. Alternatively, the Romanian leu followed the forint and koruna, although it began to follow the zloty instead on July 23rd, reaching a low of a -0.9% in exchange rate, ultimately ending this week at a -0.7% change. The Polish zloty had a more unique trajectory compared to the other currencies

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.  

Of all the currencies, the Czech koruna (CZK) fell the least in exchange rate, although it is down to a 0.047 exchange rate as opposed to the 0.048 rate from last week. Just like the koruna, the Hungarian forint (HUF) fell from a 0.00295 to a 0.0029 exchange rate. The Polish zloty (PLN) alternatively fell a bit steeper than all other currencies but recovered more than others within the past week, staying around the 0.275 exchange rate range. The Romanian leu (RON) fell around the same as the other currencies, which was not as volatile as it was a few months ago, as it continues to wade around a 0.23 exchange rate.