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

EUR/USD 1.0635 1.0779 1.1244      GBP/USD 1.2265 1.245 1.3051      USD/JPY 147.9455 143.0588 128.7712      USD/CAD 1.351 1.3369 1.2935      USD/CHF 0.9053 0.901 0.8874      USD/SEK 11.2139 10.8971 9.9615      USD/NOK 10.8387 10.5417 9.6627      USD/PLN 4.3507 4.2947 4.1239      USD/CZK 22.9779 22.9784 22.9798      USD/HUF 364.6262 356.7173 333.0352      EUR/GBP 0.8671 0.8658 0.8616      EUR/JPY 157.34 154.2079 144.7941      EUR/CAD 1.4368 1.4411 1.4545      EUR/CHF 0.9628 0.9712 0.9979      EUR/SEK 11.926 11.7464 11.201      EUR/NOK 11.527 11.3632 10.865      EUR/PLN 4.627 4.6294 4.637      EUR/CZK 24.437 24.7692 25.8392      EUR/HUF 387.78 384.5176 374.4745      GBP/CAD 1.657 1.6644 1.6881      GBP/CHF 1.1103 1.1217 1.1582      GBP/JPY 181.4491 178.1129 168.0536      GBP/SEK 13.7534 13.5673 13.0003      GBP/NOK 13.2933 13.1247 12.6104      GBP/PLN 5.336 5.3471 5.3819      GBP/CZK 28.1815 28.6088 29.99      GBP/HUF 447.1994 444.1248 434.6294      CAD/CHF 0.6701 0.6739 0.6861      CAD/JPY 109.5072 107.0102 99.5504      CAD/SEK 8.3004 8.1512 7.701      CAD/NOK 8.0227 7.8853 7.4701      CAD/PLN 3.2204 3.2125 3.1881      CAD/CZK 17.0079 17.1882 17.7652      CAD/HUF 269.8914 266.83 257.4628      CHF/USD 1.1046 1.1099 1.1268      CHF/JPY 163.4192 158.7859 145.1049      CHF/SEK 12.3868 12.0951 11.225      CHF/NOK 11.9724 11.7006 10.8884      CHF/PLN 4.8058 4.7669 4.6469      CHF/HUF 402.7628 395.9329 375.2781      CHF/CZK 25.3812 25.5045 25.8947

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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