top of page
  • QU Economics Research Team

CEE Exchange Rates Report for May 20 – 24

 

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.  

 

From May 20th to May 24th, Central European currencies exhibited various trends. At the start of the week, the Hungarian forint (green) increased but suddenly depreciated below its starting value on May 22nd. However, the forint gained value afterward, reaching a 0.6% increase by the end of the week. The Polish zloty (red) followed a similar trend to the forint, increasing at the start of the week but experiencing a sudden drop in value on the 22nd. Nonetheless, the zloty managed to achieve a 0.2% increase by the end of the week. The Czech koruna (blue) slightly decreased at the beginning of the week but then saw an increase in value. However, similar to the forint and zloty, the koruna lost value on the 22nd, ending the week with a 0.06% decrease. The Romanian leu (yellow) showed no significant changes this week.

 

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.  

 

This week, the Central European currencies experienced new trends. The Czech koruna (CZK) increased slightly and plateaued at a point above its upper bound. The Hungarian forint (HUF) similarly remained above its upper bound with some volatility. Additionally, the Polish zloty (PLN) remained above its upper bound at a point about where it started this week. The Romanian leu (RON) slightly increased above its lower bound, ending the week slightly above where it started.

Σχόλια


Top Stories

Check back soon
Once posts are published, you’ll see them here.
bottom of page