CEE Exchange Rate Analysis: Week of March 11-15 2019

By Quinnipiac Economics Research Team and InvestCEE Staff

Photo by Christine Roy on Unsplash

The trend for the week of March 11 – March 15 was mixed. Among the four central European countries being observed, three of them, Czechia, Poland, and Romania, saw their respective currencies weaken in comparison to the Euro. The only currency to see a strengthening in relation to the Euro was the Hungarian forint.

Source: Eurostat and own calculations. Currencies are each local currency per Euro and then indexed to be 100 at the start of the week.

This week the currency to watch is the Hungarian forint. With the forint continuing to stay below it’s three-month average for yet another week, it will be intriguing to observe for how long the currency can remain this strong.

Source: Eurostat and own calculations. Currencies are each local currency per Euro. The center line is a rolling three-month average. The upper and lower boundaries are the average plus and minus one standard deviation for the same three-month period.

The Data

Source: Eurostat and author’s own calculations.