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

EUR/USD 1.0387 1.0658 1.1127      GBP/USD 1.2103 1.2451 1.3055      USD/JPY 136.2665 129.4858 118.9043      USD/CAD 1.2925 1.2763 1.2498      USD/CHF 0.9589 0.9456 0.9238      USD/SEK 10.3302 9.9077 9.2401      USD/NOK 9.9629 9.5714 8.9516      USD/PLN 4.5156 4.3999 4.2131      USD/CZK 23.8173 23.7729 23.6989      USD/HUF 382.247 366.1839 340.8455      EUR/GBP 0.8582 0.856 0.8523      EUR/JPY 141.54 138.0073 132.3024      EUR/CAD 1.3425 1.3603 1.3907      EUR/CHF 0.996 1.0078 1.0278      EUR/SEK 10.73 10.5597 10.2813      EUR/NOK 10.3485 10.2013 9.9602      EUR/PLN 4.6904 4.6894 4.6878      EUR/CZK 24.739 25.3374 26.3693      EUR/HUF 397.04 390.2828 379.2519      GBP/CAD 1.5643 1.5892 1.6316      GBP/CHF 1.1606 1.1774 1.2059      GBP/JPY 164.9266 161.2246 155.2258      GBP/SEK 12.5029 12.3362 12.0627      GBP/NOK 12.0584 11.9175 11.686      GBP/PLN 5.4654 5.4783 5.5001      GBP/CZK 28.8266 29.6 30.9382      GBP/HUF 462.6427 455.9408 444.9628      CAD/CHF 0.7419 0.7409 0.7391      CAD/JPY 105.4302 101.4507 95.136      CAD/SEK 7.9926 7.7626 7.3931      CAD/NOK 7.7084 7.4991 7.1622      CAD/PLN 3.4938 3.4473 3.3709      CAD/CZK 18.4276 18.6258 18.9617      CAD/HUF 295.7467 286.901 272.7124      CHF/USD 1.0429 1.0576 1.0825      CHF/JPY 142.1084 136.938 128.7182      CHF/SEK 10.7731 10.4779 10.0027      CHF/NOK 10.3901 10.1223 9.6904      CHF/PLN 4.7092 4.6531 4.5608      CHF/HUF 398.6345 387.2587 368.9774      CHF/CZK 24.8384 25.1411 25.655

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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