Exchange Rate in Cyprus
Cyprus - Exchange RateGDP growth moderated in year-on-year terms in the third quarter amid a less favorable base effect, although it broadly held pace sequentially. While a full breakdown is not yet available, the economy was seemingly sustained by the external sector, thanks to soaring tourist arrivals and softer Covid-19 curbs abroad in the summer season. Meanwhile, easing retail sales growth, coupled with declining consumer confidence, points to cooling household spending dynamics, while investment activity likely held up better, as suggested by stronger business sentiment. Moving into Q4, a similar story seems to be unfolding on the domestic front, with another fall in consumer confidence in October and rising inflation hinting at continued spending weakness, while a further improvement in business sentiment in the same month bodes well for private sector activity.
Cyprus - Exchange Rate Data
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5 years of economic forecasts for more than 30 economic indicators.
Cyprus Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 29, 2021
Industrial production decreased 1.2% year-on-year in September (August: +8.9% yoy).
November 17, 2021
Economic growth softened in the third quarter amid a waning base effect, but remained robust, with GDP expanding 5.2% year-on-year.
November 5, 2021
Consumer prices rose 0.73% in October over the previous month, contrasting September’s 0.06% decline.
October 27, 2021
Industrial output rose 8.5% compared to the same month a year earlier in August, which was above July's 5.9% increase.
October 7, 2021
Consumer prices slid 0.06% in September, contrasting August’s 1.55% rise and falling for the first time since January.