CEE Exchange Rates Report for October 30 – November 3

By: The Quinnipiac University Economics Research Team, Allison Goegel

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 October 30th - November 3rd, the Central Eastern European exchange rates experienced mid-week fluctuations. The Czech koruna (blue) finished the week with a minuscule decrease of less than .10%. The Hungarian forint (green) alike to the koruna weakened by .214%. The Polish zloty (red) increased this week by .128%. The Romanian leu (yellow) remained consistent and experienced no significant change.

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. 

For the week of October 30th - November 3rd, the Czech koruna (CZK) managed to reach its lower bound and then fall beneath. The Hungarian forint (HUF) reached its high bound again this past week and is fluctuating above the average bound. The Polish zloty (PLN) alike to the Hungarian forint is fluctuating between the average bound and high bound currently. The Romanian leu (RON) is between its lower bound and average bound.

No exchange rate tracked had significant changes within the past week. All seem to be experiencing the same trends as in the previous report.