Exchange Rate in Cyprus

Cyprus Exchange Rate | Economic News & Forecasts

Cyprus - Exchange Rate

Available data suggests that the economic panorama remained subdued in Q3, following the unprecedented GDP drop in Q2. On the external front, tourist arrivals nosedived by more than 80%, on average, in Q3, while merchandise exports dropped markedly in July–August, as Covid-19 continued to suppress foreign demand. On the domestic side, consumers turned only marginally less pessimistic in Q3 compared to Q2—the peak of the health crisis—while the unemployment rate rose in August, likely dragging on household consumption. Moving to Q4, a spike in new Covid-19 infections prompted the government to introduce new restrictions in mid-October, boding ill for recovery at the tail-end of the year. More positively, on 2 October, Fitch Ratings affirmed the country’s BBB- credit rating with a stable outlook, citing its solid governance, strong institutions and sound fiscal policy.

Cyprus - Exchange Rate Data

2015   2016   2017   2018   2019  
Exchange Rate (vs USD)-     -     -     -     -     

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Cyprus Exchange Rate Chart

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

Cyprus Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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