By: The Quinnipiac University Economics Research Team, Jack Hangen
All currencies (the Hungarian Forint (HUF), the Polish Zloty (PLN), Czech Koruna (CZK) and the Romanian Leu (RON)) ended the period with higher exchange rates, thereby indicating a weakening of these currencies throughout the past week.
The Czech Korona (CZK) started with week with an exchange rate of CZK 25.309. The CZK ended the week in a weaker position at CZK 25.434, which is a 0.4939% change for the currency. Despite these grater changes, most movement was constrained between October 5th and October 6th, where the exchange rate rose from CZK 25.308 to CZK 25.415.
Additionally, the Hungarian Forint (HUF) began the week at an exchange rate of HUF 358.16, along with closing at a rate of HUF 360.19. This was a slightly larger and positive percentage change than the CZK, increasing by 0.5668% This change is exemplified from the Forint’s rebound from its weekly low on October 4th at HUF 355.90, finishing the week at high point.
Unlike to the Czech Korona, the Polish Zloty’s (PLN) exchange rate slightly declined throughout the beginning of the week. Finishing with a relative maximum at PLN 4.5998 and an absolute minimum at PLN 4.5458 for the week. The Zloty’s exchange rate opened at PLN 4.5826 and closed at PLN 4.612. Having by far the highest percent change over the week at 0.64156%, this sharp incline signifies a noticeable weakening of the currency over the past week.
Finally, the Romain Leu’s (RON) exchange rate also weakened over the week. Starting at RON 4.9470, this currency’s exchange rate continuously rose until a dig mid-week and ending at RON 4.9483 by the end of the week. This is a net percentage change of 0.02628%, which is greater than that of the CZK and HUF, but less than that of the PLN. The Romain Leu had an absolute minimum on October 6th at RON 4.9458.