Exchange Rate in Finland
Finland - Exchange Rate
Following Q4’s softer economic expansion due to slower private spending growth, the economy likely weakened in Q1 2022. Economic activity in January and February contracted in monthly terms amid rising inflation and a weak industrial sector. In March, the war in Russia likely hit trade and consumer spending and drove up production costs. That said, a healthy labor market should have supported the services sector. In politics, following Russia’s invasion of Ukraine, support to join NATO reached a historic high and a discussion on the topic was recently brought to parliament. Some analysts expect Finland to submit its bid for membership before NATO’s 29 June summit, a move which would antagonize Russia but strengthen regional ties. Moreover, in April, the government announced an over EUR 2 billion boost to defense spending over the next several years.Finland - Exchange Rate Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 1.09 | 1.05 | 1.20 | 1.14 | 1.12 |
Finland Exchange Rate Chart
Source: Thomson Reuters.
Finland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.03 | 3.70 % | Dec 30 |
| Exchange Rate | 8.78 | -0.38 % | Jan 01 |
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Economic News
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Finland: Inflation comes in at highest level since August 1990 in March
April 14, 2022
Consumer prices increased 1.45% over the previous month in March, accelerating from February's 0.51% increase.
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Finland: Economic activity growth slows in February
April 14, 2022
Economic activity expanded 2.9% year-on-year in working-day adjusted terms in February, which was a deterioration from January's 3.1% increase.
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Finland: Current account swings to deficit in February
April 12, 2022
The current account posted a EUR 0.1 billion deficit in February, deteriorating from the EUR 0.1 billion surplus recorded in January (February 2021: EUR 0.2 billion surplus).
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Finland: Economic activity growth falls to 10-month low in January
March 15, 2022
Economic activity increased 3.3% year-on-year in working-day adjusted terms in January (December: +4.4% yoy). January’s slowdown came on the back of a softer expansion in the services sector.
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Finland: Inflation increases to over 13-year high in February
March 14, 2022
Consumer prices increased 0.51% in February over the previous month, coming in below January's 1.22% rise.
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