FX rates (last) and forecasts (end 2022/end 2023)

EUR/USD 0.9764 0.9925 1.0518      GBP/USD 1.1214 1.1421 1.219      USD/JPY 144.9099 140.8022 127.1013      USD/CAD 1.3736 1.3604 1.3142      USD/CHF 0.9891 0.9805 0.9505      USD/SEK 11.1371 10.8625 9.9387      USD/NOK 10.8209 10.5588 9.6764      USD/PLN 4.9488 4.8603 4.5578      USD/CZK 25.1198 25.0197 24.6665      USD/HUF 435.129 422.8613 381.9289      EUR/GBP 0.8707 0.869 0.8628      EUR/JPY 141.49 139.7393 133.6808      EUR/CAD 1.3412 1.3501 1.3822      EUR/CHF 0.9658 0.9731 0.9997      EUR/SEK 10.8743 10.7805 10.4532      EUR/NOK 10.5655 10.4791 10.1773      EUR/PLN 4.832 4.8236 4.7938      EUR/CZK 24.527 24.8308 25.9434      EUR/HUF 424.86 419.6693 401.6999      GBP/CAD 1.5404 1.5537 1.6019      GBP/CHF 1.1092 1.1199 1.1586      GBP/JPY 162.5014 160.8101 154.9308      GBP/SEK 12.4891 12.4061 12.1148      GBP/NOK 12.1345 12.0592 11.7951      GBP/PLN 5.5496 5.5509 5.5558      GBP/CZK 28.1693 28.575 30.0673      GBP/HUF 487.9522 482.9499 465.5543      CAD/CHF 0.7201 0.7208 0.7232      CAD/JPY 105.4951 103.5035 96.714      CAD/SEK 8.1079 7.985 7.5625      CAD/NOK 7.8776 7.7618 7.363      CAD/PLN 3.6027 3.5728 3.4682      CAD/CZK 18.2874 18.392 18.7692      CAD/HUF 316.776 310.845 290.6176      CHF/USD 1.011 1.0199 1.0521      CHF/JPY 146.5003 143.5981 133.725      CHF/SEK 11.2594 11.0782 10.4566      CHF/NOK 10.9396 10.7685 10.1807      CHF/PLN 5.0031 4.9568 4.7954      CHF/HUF 439.9047 431.2581 401.8326      CHF/CZK 25.3955 25.5165 25.9519

Team

Piotr Wdowiński

Co-Founder

Piotr Wdowiński is Associate Professor and Head of The Econometrics Department at The University of Lodz, Poland. He is a former Director of The Institute of Econometrics at The University of Lodz. In the past, he used to work as an economist at The Polish Financial Supervision Authority. He is the author of monographs and scientific publications in peer-reviewed journals, the principal researcher in European Union projects, The Committee for Scientific Research and The National Science Center. He is also the editor-in-chief of The Econometric Research in Finance journal. Piotr Wdowiński specializes in econometric modelling and forecasting of macroeconomic and financial processes, financial stability and macroprudential policy. He is a lecturer in econometrics, forecasting and data science. He has considerable experience in using econometric software and Linux server systems.

Michał Rubaszek

Co-Founder

Michał Rubaszek is Associate Professor and Head of Financial Markets Modelling Unit at SGH Warsaw School of Economics. In the past, he used to work as an economic advisor in the National Bank of Poland (Research Department) as well as expert in the European Central Bank (DG Economics). His research interest covers international economics, forecasting, heterogeneous agent models and exchange rate economics. He published in International Journal of Forecasting, Journal of International Economics, European Economic Review, Journal of Money, Credit & Banking, Journal of International Money & Finance and Energy Economics.

Forecasts

The Economic and Financial Forecasts IPEF system was created to help businesses and individuals manage medium-term risk related to the future dynamics of key variables. The underlying procedures are based on the results of most recent studies focusing on forecasting financial variables, which have been published in recognized academic journals. To this end, the IPEF forecasting system has been developed to provide a bridge between businesses’ needs and the findings of academic research.

All forecasts are calculated and updated automatically once a day. They are based on econometric models and the most recent information from financial markets. Calculations are done in R/Shiny statistical package.

The current version is limited to major exchange rates, however future extensions for other variables, e.g. interest rates and commodity prices are to be expected.

Disclaimer: The information provided does not constitute professional financial investment advice. The IPEF is not an investment advisor, broker or dealer and it does not rely on any insider information.

Mission

The Economic and Financial Forecasts IPEF's mission is to bridge the gap between the business needs and the findings of academic research.

Vision

The Economic and Financial Forecasts IPEF's vision is to make the best use of statistical and econometric methods to improve the quality of models and forecasts.

Forecasting systems

based on econometric models

and recent studies

Systems

Exchange rates

The IPEF exchange rate forecasting system is based on the results of a number of recent studies showing that exchange rates are predictable. They indicate that exchange rates are attracted towards their equilibrium levels. Spot exchange rates within the system are updated daily (at midnight CET) from Eurostat. Equilibrium exchange rates are updated monthly using macroeconomic data taken from Federal Reserve Economic Data (FRED). All calculations on raw data are done by IPEF in R/Shiny statistical package. The IPEF system uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. With the IPEF system you can easily forecast exchange rates of major currencies, e.g. EUR/USD, EUR/CHF, EUR/GBP and more. You can use the forecasts in Forex trading and FX hedging strategies.

Contact

E-mail
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