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

EUR/USD 1.072 1.1015 1.1435      GBP/USD 1.2501 1.2899 1.3467      USD/JPY 127.3228 120.9562 112.724      USD/CAD 1.2793 1.2617 1.2379      USD/CHF 0.964 0.9487 0.9281      USD/SEK 9.796 9.3776 8.8316      USD/NOK 9.5979 9.1929 8.6641      USD/PLN 4.2924 4.1715 4.011      USD/CZK 23.0065 23.0087 23.0116      USD/HUF 357.584 342.5155 322.8403      EUR/GBP 0.8575 0.8539 0.8491      EUR/JPY 136.49 133.2375 128.8943      EUR/CAD 1.3714 1.3898 1.4155      EUR/CHF 1.0334 1.045 1.0612      EUR/SEK 10.5013 10.3297 10.0985      EUR/NOK 10.289 10.1263 9.907      EUR/PLN 4.6015 4.5951 4.5863      EUR/CZK 24.663 25.3449 26.3126      EUR/HUF 383.33 377.2928 369.1519      GBP/CAD 1.5993 1.6275 1.6671      GBP/CHF 1.2051 1.2238 1.2498      GBP/JPY 159.172 156.0255 151.8032      GBP/SEK 12.2464 12.0964 11.8934      GBP/NOK 11.9988 11.8583 11.6678      GBP/PLN 5.3662 5.381 5.4015      GBP/CZK 28.7615 29.6797 30.9893      GBP/HUF 447.0321 441.8224 434.7627      CAD/CHF 0.7535 0.7519 0.7497      CAD/JPY 99.526 95.8669 91.0572      CAD/SEK 7.6574 7.4324 7.1341      CAD/NOK 7.5026 7.2861 6.9988      CAD/PLN 3.3553 3.3063 3.24      CAD/CZK 17.9838 18.2361 18.5885      CAD/HUF 279.5173 271.4692 260.7869      CHF/USD 1.0374 1.0541 1.0775      CHF/JPY 132.0786 127.4978 121.4614      CHF/SEK 10.1619 9.8847 9.5162      CHF/NOK 9.9565 9.6901 9.3357      CHF/PLN 4.4528 4.3972 4.3219      CHF/HUF 370.9406 361.0395 347.864      CHF/CZK 23.8659 24.253 24.7953

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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