Exchange Rate in Cyprus
Cyprus - Exchange RateThe economy is set to be battered in the second quarter as the full impact of restrictions to contain Covid-19’s spread is felt. This comes on the heels of a weak first quarter which saw annual GDP growth slow to a five-year low due to the plunge in exports as the pandemic started to suppress foreign demand. In April, the unemployment rate jumped to an over two-year high as non-essential businesses suspended operations, which was also reflected by the collapse in retail sales that same month. Meanwhile, both business and consumer confidence remained in the doldrums in April–May, though are showing signs of improvement as restrictions began to be eased in May. On the policy front, the government announced a third spending package of EUR 150 million on 17 June to continue supporting the economy through October, with the key tourism sector being one of the main beneficiaries.
Cyprus - Exchange Rate Data
|Exchange Rate (vs USD)||-||-||-||-||-|
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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August 6, 2020
Consumer prices declined 0.76% from the previous month in July, following June’s 0.42% slip.
July 30, 2020
Industrial production declined 14.9% year-on-year in May, less than April’s 35.3% plunge which had marked the steepest drop on record.
July 2, 2020
Consumer prices declined 0.4% from the previous month in June, following May’s 0.1% slip.
June 30, 2020
Industrial production collapsed 35.3% year-on-year in April (March: -11.1% yoy), marking the sharpest drop on record.
June 4, 2020
Consumer prices fell 0.1% from the previous month in May, following April’s 1.5% drop.