CEE Exchange Rates Report for August 12th – 16th
By: Zoe McLaughlin, The Quinnipiac University Economics Research Team
CEE Currencies Index
Source: Yahoo Finance and own calculations. Exchange rates are inverted to be USD 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 August 12 – August 16, the Czech koruna (red), Hungarian forint (green), Polish złoty (blue), and Romanian leu (purple) all decreased in value relative to the United States dollar. The Polish złoty experienced the most significant decline, ending the week down by 1.33%. The Hungarian forint decreased by 0.63%, the Czech koruna by 0.65%, and the Romanian leu by 0.54%.
CEE Currencies Historical Trends
Source: Yahoo Finance and own calculations. Exchange rates are inverted to be USD 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, all four Central European currencies are below their three-month rolling averages. The Czech koruna and Hungarian forint are both approximately one standard deviation below their respective averages, while the Polish złoty and Romanian leu are more than one standard deviation below theirs.
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