CEE Exchange Rates Report for June 3 – 7
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 3 – June 7, the Czech koruna (red), Hungarian forint (green), Polish złoty (blue), and Romanian leu (purple) all decreased in value relative to the United States dollar. The Czech koruna experienced the most depreciation, ending the week with a decrease of 1.20%. The Hungarian forint, Polish złoty, and Romanian leu performed similarly, ending the week with decreases of 0.46%, 0.47%, and 0.53%, respectively.
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.
All four Central European currencies faced a decline in their exchange rates relative to the United States dollar this week. However, the Czech koruna remains more than one standard deviation above its three-month rolling average. The Hungarian forint and Romanian leu are close to their three-month averages, while the Polish złoty has fallen below its three-month average.
Further Reading:
Comments