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  • QU Economics Research Team

CEE Exchange Rates Report for June 17 – 21

 

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 17 – June 21, the Czech koruna (red), Hungarian forint (green), and Romanian leu (purple) increased in value relative to the United States dollar, while the Polish złoty (blue) decreased relative to the United States dollar. The Czech koruna demonstrated the strongest growth, ending the week with an increase of 1.02%. The Romanian leu and Hungarian forint both ended the week with increases of 0.28% relative to the United States dollar. Midweek, on June 17, the Polish złoty had increased by 1.12%, but by the end of the week, it had decreased by 0.20% 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. 

 

These four Central European currencies all remain weaker relative to their three-month averages against the United States dollar. The Hungarian forint (green), Polish złoty (blue), and Romanian leu (purple) are all over one standard deviation below their three-month rolling averages. The Czech koruna (red) is slightly below its three-month average.

 

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