FX rates (last) and forecasts (end 2023/end 2024)

EUR/USD 1.0895 1.1303 1.1668      GBP/USD 1.2388 1.2962 1.3478      USD/JPY 129.7659 119.7948 111.7978      USD/CAD 1.3371 1.2981 1.2654      USD/CHF 0.918 0.9027 0.8896      USD/SEK 10.2582 9.5422 8.9638      USD/NOK 9.8779 9.2201 8.6871      USD/PLN 4.3318 4.1686 4.0326      USD/CZK 21.8614 22.1228 22.3512      USD/HUF 355.5576 334.0431 316.5032      EUR/GBP 0.8794 0.872 0.8657      EUR/JPY 141.38 135.4065 130.4483      EUR/CAD 1.4568 1.4673 1.4765      EUR/CHF 1.0002 1.0203 1.038      EUR/SEK 11.1763 10.7857 10.4592      EUR/NOK 10.762 10.4217 10.1363      EUR/PLN 4.7195 4.7119 4.7053      EUR/CZK 23.818 25.0058 26.0799      EUR/HUF 387.38 377.5756 369.3034      GBP/CAD 1.6565 1.6826 1.7055      GBP/CHF 1.1373 1.17 1.199      GBP/JPY 160.7596 155.2746 150.6859      GBP/SEK 12.7083 12.3683 12.0819      GBP/NOK 12.2372 11.9509 11.7088      GBP/PLN 5.3664 5.4032 5.4353      GBP/CZK 27.0828 28.6749 30.1259      GBP/HUF 440.4798 432.977 426.5966      CAD/CHF 0.6866 0.6953 0.703      CAD/JPY 97.0483 92.2815 88.3514      CAD/SEK 7.6718 7.3506 7.0839      CAD/NOK 7.3874 7.1025 6.8652      CAD/PLN 3.2396 3.2112 3.1869      CAD/CZK 16.3495 17.0418 17.6637      CAD/HUF 265.9116 257.3233 250.1256      CHF/USD 1.0893 1.1078 1.1241      CHF/JPY 141.3517 132.7136 125.6756      CHF/SEK 11.1741 10.5712 10.0765      CHF/NOK 10.7598 10.2144 9.7655      CHF/PLN 4.7186 4.6182 4.5331      CHF/HUF 387.3025 370.0666 355.7916      CHF/CZK 23.8132 24.5085 25.1257

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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