CEE Exchange Rates Report for June 10 – 14

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 June 10 – June 14, the Czech koruna (red), Hungarian forint (green), Polish złoty (blue), and Romanian leu (purple) all increased in value relative to the United States dollar. The Hungarian forint demonstrated the most significant appreciation, ending the week with an increase of 3.28%. The Polish złoty, Czech koruna, and Romanian leu increased by 2.90%, 2.09%, and 1.44%, respectively, relative to the United States 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. 

Despite their stronger performances this week, all four Central European currencies are still decreasing in value compared to the United States dollar. The Czech koruna remains above its three-month rolling average, but the Hungarian forint, Polish złoty, and Romanian leu are all below their respective three-month rolling averages. The Polish złoty and Hungarian forint are over one standard deviation below their three-month averages.