CEE Exchange Rates Report for June 9th – 13th

By: Peter Ort The Quinnipiac University Global Economics Research Team 

CEE Currencies Index 

Source: Eurostat and own calculations. Exchange rates are inverted to be Euro 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 9–June 13, all currencies shared nearly identical trajectories in exchange rates against the USD. The Hungarian forint (green), Polish zloty (blue), and Romanian leu (purple) all contributed to a -2% change in exchange rate, with each ending at a -1% change. The Czech koruna (orange), meanwhile, followed a similar pattern but dipped to a -1.5% change before recovering to a -0.5% change. For all currencies, this 1% shift in exchange rate against the USD occurred within a single day, between June 12 and June 13.

CEE Currencies Historical Trends 

Source: Eurostat and own calculations. Exchange rates are inverted to be Euro 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.  

Relative to this week, all currencies share an upward trend over the past month. The Czech koruna (CZK) finally rises to a 0.047% exchange rate against the USD, and the Hungarian forint (HUF) breaches the 0.0029% mark, as both maintain very similar trajectories going back as far as the past three months. The Romanian leu (RON) continues the trend of the other currencies, matching its peak in mid-April at a 0.23% exchange rate. The Polish zloty (PLN) reaches new heights, like the forint and koruna, surpassing a 0.27% exchange rate against the USD.