Currency Forecasts

The Ukrainian hryvnia remains broadly stable, having traded within a narrow band between UAH7.9000-8.0000/US$ since the fourth quarter of 2009. Given ongoing interventions on the foreign... 2010-06-09

Having appreciated to its strongest level since Q109 in March this year, the Romanian leu has subsequently depreciated to RON4.1920/EUR at one point on June 4. While the National Bank... 2010-06-04

Further koruna weakness is likely in the short term, with risk aversion in Europe set to remain prevalent. Strong support at CZK26.00/EUR will be key to watch, with another serious... 2010-05-20

After remaining firmly within a depreciatory trend channel since November 2009, the Serbian dinar has stabilised markedly against the euro in recent months, having continued to trade... 2010-05-12

The kuna has held up well against the euro so far in 2010 with the latter struggling on the back of the Greek sovereign debt crisis. Going forward, with the summer tourism season... 2010-05-10

We retain our long-held bullish outlook on the Russian rouble. The currency is expected to continue shrugging off central bank rate cuts in the short term and push higher on the back... 2010-05-05

Having hit an all-time low of ALL139.70/EUR at one point in late March, the Albanian lek has since appreciated slightly to trade at ALL137.92/EUR on April 19, pushing through a key... 2010-04-19

Although the Polish zloty has weakened in recent days to PLN3.8935/EUR on April 19 (with the Europe-wide air travel disruptions, Greece's fiscal woes and allegations of fraud at Goldman... 2010-04-19

Having weakened in the final two weeks of 2009 due to local seasonal forex demands, the Kenyan shilling has begun to edge higher early in 2010. However, given that the shilling has... 2010-04-15

Risks to the Estonian currency board have mitigated sharply alongside the stabilization of global credit markets and expectations for a tentative macroeconomic recovery in 2010. The... 2010-04-06