By: Quinnipiac University's Economics Research Team, Bryan Doherty
The trend for the weeks of March 25 – April 5 was similar to that of the previous week. Among the four central European countries’ currencies being observed, the Czech koruna, Polish zloty and Romanian leu saw their respective currencies strengthen in comparison to the Euro. The Hungarian forint was the only currency to weaken, posting a 1.23% increase in relation to the Euro.
Once again, the Hungarian forint is a currency to watch going forward. The forint was the only currency to lose value in comparison with the Euro. It’s 1.23% increase places the forint just below the upper bound of its three-month average. With speculation of the Hungarian inflation rate rising higher than its target mark, the forint could be on its way to its weakest value of the year.
The Data: Currency Values Per Euro