CEE Exchange Rate Report for October 8th to October 15th

By: The Quinnipiac University Economics Research Team, Jack Hangen

Throughout the past week, the exchange rate of Central and Eastern European currencies all ended in a stronger position than the start of the week. While the Hungarian Forint (HUF), the Polish Zloty (PLN), Romanian Leu (RON), and the Czech Koruna (CZK) all ended the week stronger then when they previously started, the week had different mid-week results highs and lows. The Polish Zloty had a linear decent for the whole week, which is different from the other currencies.

Starting with the Czech Korona, the currency started with week with an exchange rate of CZK 25.434. The CZK ended the week in a slightly stronger position at CZK 25.403, which is a -0.1220% change for the currency. This week had an absolute minimum for the week on October 13th at CZK 25.369. The Czech Korona ended the week in a stronger position then it started in.

Additionally, the Hungarian Forint began the week at an exchange rate of HUF 360.19, along with closing at a rate of HUF 359.71. This was a larger percent change than the CZK, increasing by -0.1333%. This week had an absolute minimum for the week on October 14th at HUF 359.00 and an absolute maximum on October 11th at HUF 360.70.

Similar to the Czech Korona, the Polish Zloty’s exchange rate ended in a stronger position when compared to the EURO. This is evident form the Zloty’s exchange rate opening at PLN 4.6182, slowly decreasing. The Polish Zloty’s exchange rate ended the week at PLN 4.5644. Having a large percent change over the week of - 1.1650%.

Finally, the Romain Leu’s exchange rate also strengthened over the week. Starting at RON 4.9483, this currency’s exchange rate fell until ending the week at RON 4.9465. This is a percentage change for the week of -0.0363%, which is the lowest percent change of the week. The RON had a relative maximum on October 12th at RON 4.9499 and an absolute on October 14th at RON 4.9500.


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