CEE Weekly Exchange Rate Analysis : Week of March 18th – March 22nd, 2019

By: Quinnipiac University's Economics Research Team, Bryan Doherty

CURRENCY INDEX

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

The trend for the week of March 18 – March 22 was mixed. Among the four central European countries’ currencies being observed, Poland’s zloty and Romania’s leu saw their respective currencies strengthen in comparison to the Euro. The Hungarian forint and the Czech koruna weakened in relation to the Euro.

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.

This week the currency to watch is the Hungarian forint. The Hungarian forint has continuously strengthened in relation to the Euro over the past two months, constantly staying beneath its lower end of the three-month average. This week marks the first occurrence where the currency has weakened.

Source: Eurostat and author’s own calculations.