CEE Exchange Rate Report for July 7– July 21
By: The Quinnipiac University Economics Research Team, Kyle Del Balso
Release date: July 27, 2020
In relation to the Euro all CEE currencies strengthened with the exception of the Romanian leu. The Czech koruna, Hungarian forint, and Polish zloty experienced early weaker domestic currencies but finished strongly with a net increase in value by the end of the two week period. Down approximately a quarter of a percent, the Romanian leu was relatively flat the entire period but weakened slightly.
The forint and zloty experienced the lowest declines in value at around half a percent during the middle of the period, however, both currencies ended gaining approximately a quarter of a percent in value. The koruna remained above its starting value for the majority of the two week period and also finished with a value increase of a quarter of a percent.
The forint and zloty finished the period within one standard deviation of their three month averages, while also experiencing increases in their values. The leu also ended the two weeks within one standard deviation of their three month average but with a decrease in its domestic currency. The koruna ended one standard deviation above its three month average.