By: The Quinnipiac University Economics Research Team, Niamh Savage
The CEE Exchange Rates for this period showed varied trends. Relative to the Euro, the Polish Zloty continued to strengthen throughout the period. By a smaller amount, the Czech Koruna also strengthened. The Romanian Leu and the Hungarian Forint ended the period with a depreciation in value against the Euro. The Hungarian Forint showed the greatest depreciation. Overall, the Romanian Leu and Czech Koruna did not show a large variation from peak to trough.
During this time period, the Hungarian Forint remained outside of their historical range. The Czech Koruna began and ended below their historical boundary, but it occasionally strengthened to the country’s lower historical boundary. The exchange rates for the Polish Zloty began below their country’s lower boundary, but they increased to historical range within the period. The Romanian Leu began and ended within their historical range.