CEE Exchange Rates Report for July 8 – 12
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 8 – July 12, the Hungarian forint (green), Polish złoty (blue), and Romanian leu (purple) all decreased in value relative to the United States dollar. The Czech koruna (red) was the only Central European currency to rise, increasing by 0.33%. The Polish złoty saw the most significant decrease, declining by 0.98%. The Hungarian forint remained the most stable, with only a 0.17% decrease.
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. In contrast, the Hungarian forint, Polish złoty, and Romanian leu all remain below their three-month averages. The Hungarian forint is only slightly below its three-month average, but the Polish złoty and Romanian leu are both over one standard deviation below their respective three-month rolling averages.
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