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

EUR/USD 1.08 1.0836 1.1292      GBP/USD 1.2558 1.2603 1.3175      USD/JPY 147.3426 146.0578 130.9543      USD/CAD 1.3611 1.3572 1.3088      USD/CHF 0.8796 0.8789 0.8699      USD/SEK 10.4722 10.4052 9.6052      USD/NOK 10.9167 10.8357 9.8762      USD/PLN 4 3.9917 3.8894      USD/CZK 22.5648 22.5703 22.6385      USD/HUF 351.2037 349.3849 327.4913      EUR/GBP 0.86 0.8598 0.8571      EUR/JPY 159.13 158.2652 147.8728      EUR/CAD 1.47 1.4706 1.4778      EUR/CHF 0.95 0.9524 0.9823      EUR/SEK 11.31 11.2749 10.8462      EUR/NOK 11.79 11.7414 11.1521      EUR/PLN 4.32 4.3253 4.3918      EUR/CZK 24.37 24.4567 25.5632      EUR/HUF 379.3 378.5861 369.8011      GBP/CAD 1.7093 1.7104 1.7243      GBP/CHF 1.1047 1.1077 1.1461      GBP/JPY 185.0349 184.0756 172.5287      GBP/SEK 13.1512 13.1136 12.6546      GBP/NOK 13.7093 13.6562 13.0116      GBP/PLN 5.0233 5.0307 5.1241      GBP/CZK 28.3372 28.4452 29.8256      GBP/HUF 441.0465 440.3273 431.461      CAD/CHF 0.6463 0.6476 0.6647      CAD/JPY 108.2517 107.6208 100.0599      CAD/SEK 7.6939 7.667 7.3392      CAD/NOK 8.0204 7.9842 7.5462      CAD/PLN 2.9388 2.9412 2.9718      CAD/CZK 16.5782 16.6306 17.2977      CAD/HUF 258.0272 257.4398 250.2304      CHF/USD 1.1368 1.1378 1.1496      CHF/JPY 167.5053 166.1819 150.5395      CHF/SEK 11.9053 11.8389 11.0418      CHF/NOK 12.4105 12.3287 11.3532      CHF/PLN 4.5474 4.5417 4.471      CHF/HUF 399.2632 397.5237 376.4701      CHF/CZK 25.6526 25.68 26.0242

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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