CEE Exchange Rates Report for January 15- January 19

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 spanning from January 15 to January 19, the Czech koruna (blue) underwent fluctuations and concluded the week with a depreciation of 0.49974%. The Hungarian forint (green) also experienced a weakening trend this week, amounting to 0.57131%. The Polish zloty (red) faced a midweek decline but rebounded to close the week with a modest increase of 0.02293%. In contrast, the Romanian leu (yellow) maintained remarkable stability among the exchange rates, finishing the week with a slight weakening of 0.09041%.

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 spanning January 15 to January 19, two Central Eastern European exchange rates remained around their average bounds, while two stayed below their lower bounds. The Czech koruna (CZK) has been weakening after recently reaching its average bound in the past few weeks; currently, it remains below its lower bound. The Hungarian forint (HUF) has been experiencing fluctuations and has weakened from its upper to average bound. The Polish zloty (PLN) is moving between its upper and average bounds, currently situated at the average bound. The Romanian leu (RON) has been on a downward trend recently and remains beyond its lower bound more recently.