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

EUR/USD 1.0366 1.0416 1.0931      GBP/USD 1.2023 1.2087 1.275      USD/JPY 138.2983 136.9791 124.3612      USD/CAD 1.3511 1.3467 1.3034      USD/CHF 0.9514 0.9491 0.926      USD/SEK 10.5161 10.4323 9.6242      USD/NOK 9.9665 9.8937 9.189      USD/PLN 4.508 4.4866 4.2766      USD/CZK 23.4748 23.4717 23.4403      USD/HUF 392.1474 388.8652 357.2692      EUR/GBP 0.8622 0.8617 0.8573      EUR/JPY 143.36 142.6736 135.9343      EUR/CAD 1.4005 1.4027 1.4247      EUR/CHF 0.9862 0.9885 1.0122      EUR/SEK 10.901 10.866 10.5198      EUR/NOK 10.3313 10.3051 10.0442      EUR/PLN 4.673 4.6731 4.6746      EUR/CZK 24.334 24.4475 25.6216      EUR/HUF 406.5 405.0313 390.5167      GBP/CAD 1.6244 1.6277 1.6619      GBP/CHF 1.1438 1.1471 1.1807      GBP/JPY 166.2762 165.5652 158.5639      GBP/SEK 12.6435 12.6095 12.2711      GBP/NOK 11.9828 11.9585 11.7163      GBP/PLN 5.42 5.4229 5.4528      GBP/CZK 28.2238 28.37 29.8869      GBP/HUF 471.4793 470.0173 455.5278      CAD/CHF 0.7042 0.7047 0.7105      CAD/JPY 102.3634 101.7159 95.4112      CAD/SEK 7.7836 7.7467 7.3838      CAD/NOK 7.3769 7.3468 7.0499      CAD/PLN 3.3367 3.3316 3.2811      CAD/CZK 17.3752 17.4293 17.9836      CAD/HUF 290.2535 288.7577 274.1004      CHF/USD 1.0511 1.0537 1.0799      CHF/JPY 145.3661 144.3308 134.2961      CHF/SEK 11.0535 10.9923 10.393      CHF/NOK 10.4759 10.4248 9.9231      CHF/PLN 4.7384 4.7274 4.6183      CHF/HUF 412.1882 409.7358 385.8105      CHF/CZK 24.6745 24.7314 25.3128

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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