CEE Exchange Rates Report for May 26–May 30

By: Peter Ort The Quinnipiac University 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 May 26-May 30, all currencies took decently similar trajectories in exchange rates against the USD. The Polish zloty (blue) experienced the most volatility against the USD although it wasn’t much in general, ending with a 0.5% exchange rate change. As for the rest of the currencies, the Hungarian forint (green), Czech koruna (orange), and Romanian leu (purple) all ended with approximately a 0.25% exchange rate change against the USD.

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, the Czech koruna (CZK), Hungarian forint (HUF), and Polish zloty (PLN) all share a steady upward trend over the past three months, with the Czech koruna at about a 0.046% exchange rate to the USD, the Hungarian forint at 0.0028% and the Polish zloty at around 0.27%. The Romanian leu (RON) is finally joining the trend of these countries with steady, consistent growth in the past month, approaching a 0.23% exchange rate with the USD.