CEE Exchange Rates Report for April 15 – April 19

By: Thomas Taheny, 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.  

The week of April 15th to April 19th, saw several Central European currencies significantly change in value. To start the week, the Polish zloty (PLN) and the Hungarian forint (HUF) lost value. The zloty continued its downward trend while the forint, after initially declining, stabilized to record a 0.9% decrease by the end of the week. The zloty experienced a 2% decline at its lowest point, which then slightly moderated to end the week with a final decrease of 1.5%. Both the Romanian leu (yellow) and the Czech koruna (blue) showed minimal movement, with neither currency experiencing significant changes throughout the 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.  

During the week of April 15th to April 19th, the Czech koruna (CZK) remained slightly below its median point of fluctuation and increased slightly from its starting point around the lower bound. The Hungarian forint (HUF) fell from a point along its median to reach its lowest bound this week. Additionally, the Polish zloty (PLN) significantly lost value this week after reaching a peak above its highest bound. The zloty fell below its median at its lowest point and increased to meet its median point at the end of the week. The Romanian leu (RON) depreciated from a point above its upper bound as well and reached its lowest bound by the end of the week.