Exchange Rate in Finland
Finland - Exchange Rate
Although the economy gained some steam in the third quarter according to comprehensive GDP data, this was largely due to a surge in inventories, and the underlying picture was less positive. Private consumption and fixed investment contracted sharply in the quarter, while exports also declined—likely linked in part to the wider economic slowdown within the Eurozone. Looking to the fourth quarter, while the GDP outturn should have been supported by faster growth among key European trading partners, recent indicators are mixed. On one hand, in October, the unemployment rate remained at a multi-year low and wage growth was robust, while consumer sentiment was fairly upbeat in November. While this should support private consumption, gains could be limited by falling vehicle sales following the introduction of new emissions tests in September. Moreover, the economic sentiment index dipped for the second straight month in November.Finland - Exchange Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 1.38 | 1.21 | 1.09 | 1.05 | 1.20 |
Finland Exchange Rate Chart
Source: Thomson Reuters.
Finland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.47 | 3.70 % | Jan 14 |
| Exchange Rate | 8.55 | -0.38 % | Jan 14 |
| Stock Market | 3,874 | 0.0 % | Jan 14 |
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Economic News
Finland: The economy growth slows to a four-month low in November
January 15, 2019
Economic activity grew a working-day adjusted 1.8% in November compared to the same month a year earlier, down from the revised 3.2% growth in October, which was previously reported as 2.9%.
Finland: Finland logs a current account surplus in November for the first time in over a year
January 15, 2019
The current account balance was EUR 0.17 billion in November, contrasting the revised EUR 0.14 billion deficit in October, which was previously reported as a EUR 0.17 billion shortfall.
Finland: Inflation slows in December
January 14, 2019
Consumer prices fell 0.1% in December, contrasting the flat reading for November.
Finland: Inflation decelerates in November
December 14, 2018
Consumer prices were stable in November, contrasting the 0.2% rise in October.
Finland: Another current account deficit in October after a substantial revision to historical data
December 14, 2018
The current account balance was minus EUR 0.17 billion in October, deteriorating from the EUR 0.36 billion deficit in September (previously reported: surplus of EUR 0.10 billion).
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