Exchange Rate in Finland
Finland - Exchange Rate
The economy returned to growth in the second quarter according to preliminary data. The result was likely driven by rebounding private spending, with consumers becoming more optimistic throughout the quarter as the unemployment rate decreased. Moreover, economic sentiment hit an over three-year high at the tail end of Q2, likely bolstered by an accelerating vaccine rollout and the lifting of some restrictions. Moving to the third quarter, momentum has seemingly remained solid, albeit slowed somewhat. Economic sentiment ticked down in July—but remained upbeat nonetheless—while the unemployment rate was largely unchanged in the same month. Moreover, consumer confidence eased in July–August, although it was optimistic. Meanwhile, infection rates have surged since early July, forcing authorities to tighten restrictions in certain areas and likely tempering activity in the quarter.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 increases to three-month high in August
September 14, 2021
Consumer prices rose 0.23% in August over the previous month, below July's 0.33% increase.
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Finland: Economic activity posts strongest growth in over two decades in June
August 17, 2021
Economic activity grew 9.7% year-on-year in working-day adjusted terms in June, which followed May's 8.9% increase, and marked the best result since November 2000.
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Finland: Inflation eases to four-month low in July
August 13, 2021
Consumer prices increased 0.33% in July over the previous month, swinging from the 0.05% fall seen in June, marking the strongest rise in prices in three months.
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Finland: Current account posts larger surplus in June
August 12, 2021
The current account recorded a EUR 0.7 billion surplus in June, swinging from the EUR 0.4 billion shortfall logged in the same month last year and increasing from the EUR 0.1 billion surplus posted in May.
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Finland: Economic activity notches quickest growth in over two decades in May
July 15, 2021
Economic activity expanded markedly in May, with growth clocking in at 9.0% in year-on-year working-day adjusted terms, accelerating from April’s 7.1% increase.
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