• Rajan Doering

Quick Look Series: Exchange Rates from November 16th – 20th


By: The Quinnipiac University Economics Research Team, Nicholas Ciampanelli


Throughout the past week, Central and Eastern Europe’s various currencies experienced unique shifts in their exchange rate, as related to the Euro.


Starting with the Czech Republic’s Koruna, its exchange rate experienced a trend inverse that of the week prior. This is evident from the Koruna’s initial spike in the beginning of the week, rising by just over 0.15 Koruna in relation to the Euro. The exchange rate continuously fell for the remainder of the week, reaching a low on Friday of 26.34 Koruna per Euro. These changes are somewhat consistent with the observed trends from October and the week prior, for the value of the Koruna is becoming progressively stronger. However, positive spikes in the exchange rate are occasional and inconsistent trends with these general findings.


Regarding the Hungarian Forint, its exchange rate sharply rose in the beginning of the week, rising by 3 Forints between Monday and Tuesday, reaching a maximum rate of 361.50 Forints per Euro. For the remainder of the week, the exchange rate remained equal to or greater than 359.50 Forints. These changes are somewhat consistent with the observed trends from October and the week prior, for the currency is becoming progressively stronger despite occasional spikes in its exchange rate.


Regarding the Polish Zloty, its exchange rate also experienced an initial spike, subsequently resulting in a falling exchange rate for the remainder of the week. This is evident from the exchange rate reaching a low of 4.4369 Zloty to 1 Euro come Friday. These exchange rates are somewhat consistent with the observed trends from the end of October and the week prior, for the value of the Zloty strengthens in relation to the Euro.

Lastly, the Romanian Leu’s exchange rate is consistent with trends from the previous week. Despite the drop in the currency’s exchange rate on Tuesday, it continued rising for the remainder of the week, reaching a maximum rate of 4.8735 Leu to 1 Euro come this past Friday. Despite these recurring trends for the past two weeks, they are inconsistent with observed trends from the end of October given the Leu’s value becomes progressively weaker over time.


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