Exchange Rate in Finland
Finland - Exchange Rate
Economic growth slowed in quarter-on-quarter terms in the third quarter, according to preliminary GDP data based on Statistics Finland’s monthly economic activity indicator. Growth was likely weighed on by modest private consumption and fixed investment, as suggested by economic sentiment among businesses and consumers plunging to a three-and-a-half-year low in Q3. Moreover, although the labor market remained tight through to September—the unemployment rate was little changed from June’s more than one-decade low in the month—annual wage growth slowed in September to the weakest pace in six months, potentially hindering private consumption growth. More recently, business and consumer confidence further deteriorated in October, suggesting economic growth will remain subdued in Q4.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 | -0.35 | 3.70 % | Sep 04 |
| Exchange Rate | 9.03 | -0.38 % | Sep 04 |
| Stock Market | 3,879 | 0.0 % | Sep 04 |
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Economic News
Finland: Current account surplus widens in September
November 15, 2019
The current account surplus widened to EUR 0.5 billion in September from EUR 0.2 billion in August.
Finland: Economic activity growth holds up in August
October 15, 2019
Economic activity grew a working-day adjusted 2.5% in August compared to the same month a year earlier, matching July’s revised reading (previously reported: +1.7% year-on-year).
Finland: Current account surplus narrows slightly in August
October 15, 2019
The current account surplus reduced to EUR 0.2 billion in August from EUR 0.3 billion in July. In the 12 months leading up to August, the current account balance totaled a deficit of EUR 1.9 billion, marking an improvement over the shortfall of EUR 2.5 billion in July.
Finland: Inflation eases in September
October 14, 2019
Month-on-month consumer price growth was flat in September, down from 0.4% in August.
Finland: Economic activity growth moderates in July after surging in June
September 13, 2019
Economic activity grew a working-day adjusted 1.7% in July compared to the same month a year earlier, down from June’s revised 2.5% increase.
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