Central Eastern Europe’s October Exchange Rates
By: The Quinnipiac University Economics Research Team, Nicholas Ciampanelli
Throughout the month of October, Central and Eastern European countries experienced two different trajectories in the value of their respective currencies – an inverse parabolic arc or a consistent rate prior to a downward trend.
The former of these exchange rate trends, the inverse parabolic arc, was evident with both the Hungarian Forint and the Polish Zloty. Both currencies experienced an increase in their exchange rate in comparison to the Euro, with their rates reaching a peak at the end of October. After this inflection point, their exchange rates experienced a steep downward trend, which is approaching rates similar to those in early October.
However, the Czech Republic’s Koruna and Romania’s Leu exchange rates remained relatively constant throughout the month, at approximately 27.3 Koruna and 4.875 Leu, respectively. This trend continued until reaching an inflection point at the end of October, causing these currencies to strengthen by the end of the period.
Exchange rate data is not applicable to Slovakia because the Euro is their standard currency.