Exchange Rate in Finland
Finland - Exchange Rate (average of period)
After slowing in Q4, the economy lost further steam in Q1. Preliminary data shows that seasonally-adjusted growth in Q1 was milder compared to Q4 due to the Omicron variant and rising inflation hampering consumer spending and industrial output. Still, activity picked up in March amid looser pandemic restrictions and a healthy labor market. In Q2, the economy should be slowing further: Consumer confidence remained pessimistic amid the war in Ukraine and the highest inflation in more than 30 years. That said, the lowest unemployment since June 2019 in April is likely supporting spending. In politics, on 18 May Finland applied to join NATO. Within the same week, Russia halted gas deliveries to Finland. This has already prompted the latter to diversify its energy supply, with higher domestic electricity output, the adoption of alternative fuels and gas and oil imports from Norway and Estonia.Finland - Exchange Rate (aop) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD, aop) | 1.11 | 1.11 | 1.13 | 1.18 | 1.12 |
Finland Exchange Rate (aop) 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: Monthly economic activity dips in May
July 15, 2022
Economic activity dropped 0.2% month on month in seasonally-adjusted terms in May (April: +0.5% mom).
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Finland: Inflation comes in at highest level since our records began
July 14, 2022
Consumer prices rose 0.72% in June over the previous month, a smaller increase than May's 1.31% increase.
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Finland: Current account deficit shrinks in May
July 12, 2022
The current account recorded a EUR 1.6 billion deficit in May, improving from the EUR 2.3 billion deficit booked in April (May 2021: EUR 0.2 billion surplus).
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Finland: Inflation comes in at highest level since February 1990 in May
June 14, 2022
Consumer prices increased 1.31% over the previous month in May, accelerating from the 0.32% rise logged in April.
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Finland: Economic activity records quickest growth since June 2021 in March
May 17, 2022
Economic activity rose 5.4% year-on-year in working-day adjusted terms in March, which was above February's 3.6% increase.
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