Exchange Rate in Cyprus

Cyprus Exchange Rate | Economic News & Forecasts

Cyprus - Exchange Rate

Preliminary GDP data showed that the economy gained steam in the third quarter, after growth eased to an over four-year low in the prior quarter owing to weak net trade. The upturn mainly reflected solid expansions in the hospitality, trade, construction and manufacturing sectors outweighing a slump in activity in the financial services industry. On the expenditure side, private consumption seemed to have made a significant contribution to the expansion amid a tightening job market which saw the unemployment rate dip to its lowest in eight-and-a-half years in Q3, and as reflected by buoyant retail sales growth in July–August and consumer sentiment improving notably in September. Meanwhile, the external sector likely continued to drag on overall activity, with tourism revenues falling, on average, in July–August and merchandise exports plunging in the quarter, albeit both to a lesser extent than in Q2.

Cyprus - Exchange Rate Data

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Cyprus Exchange Rate Chart

Cyprus Exchange Rate
Note: U.S. dollar (USD) per euro.
Source: Thomson Reuters.

Cyprus Facts

Exchange Rate1.100.65 %Sep 04
Stock Market69.9-0.44 %Sep 04

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