Currency Forecasts

Having come under sustained downside pressure, and been released by the National Bank of Ukraine (NBU) from its tightly managed trading band on October 28, the Ukrainian hryvnia has... 2008-12-11

Despite maintaining the Kazakh tenge's de facto peg to the US dollar since mid-2007, trading within a KZT119.40-120.90/US$ range, the unit is showing increasing signs of weakness.... 2008-12-03

We retain our positive outlook on the Azeri manat, which at one point traded at AZN0.8115/US$ on August 21, taking the total gains to 4.3% ytd. We expect that further appreciation... 2008-08-21

The current momentum of the Serbian dinar, which at one point traded at RSD76.80/EUR on July 30, suggests the unit could move above its record high of RSD76.31/EUR seen in October... 2008-07-31

Estonia's currency board is facing elevated pressures as rapidly decelerating economic growth accentuates the country's wide external asymmetries. That said, in line with our view... 2008-07-22

We believe that the Hungarian forint has further to go in its present bull run after gaining 13.5% against the euro since early March. Having broken through a key resistance level... 2008-07-10

We believe that although the risks to the continuity of Bulgaria's fixed exchange rate regime have elevated recently, the Bulgarian National Bank (BNB) is likely to maintain the lev's... 2008-07-03

Having firmly broken through a key resistance level on April 4, the Romanian leu has continued to appreciate, at one point trading at RON3.6185/EUR on June 5. This reduces the unit's... 2008-06-05

The recent decision by the Central Bank of Russia (CBR) to make daily interventions in the foreign exchange market to reduce rouble speculation suggests that a revaluation of the... 2008-05-23

The Serbian dinar continues to experience volatility against the euro, at one point trading at RSD82.61/EUR on May 15. Going forward, further instability for the unit lies ahead,... 2008-05-15