CEE Exchange Rates Report for July 29 – August 2
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 July 29 – August 2, the Czech koruna (red), Polish złoty (blue), and Romanian leu (purple) decreased in value relative to the United States dollar. The Hungarian forint (green) was the only Central European currency to outperform the US dollar, ending the week with an increase of 0.74%. The Czech koruna decreased by 0.67%, the Polish złoty by 0.45%, and the Romanian leu by 0.83% relative to the US dollar.
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.
Though it decreased in value relative to the United States dollar this week, the Hungarian forint remains above its three-month rolling average. The Czech koruna also remains above its three-month average. In contrast, the Polish złoty and Romanian leu are both below their respective three-month rolling averages, with the Romanian leu falling over one standard deviation below its average.
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