Exchange Rate in Latvia
Latvia - Exchange Rate
Latvia’s economy appears to have lost steam in Q1, on the heels of a robust, domestic demand-led outturn in Q4 2018. Industrial production contracted in the first two months of 2019 amid tumbling energy-sector output. Furthermore, exports were anemic in the same period, likely reflecting the broader trend of weakening trade across the European Union. Nevertheless, domestic demand seemed robust and almost certainly buffered the external-sector pullback; retail sales accelerated in January-February, signaling upbeat household spending. On the other hand, survey-based data in the quarter revealed a slight deterioration of the business climate—largely due to weaker sentiment in the industrial and construction sectors. Meanwhile, citing institutional strength and healthy public finances, Fitch Ratings affirmed Latvia’s A- credit rating on 15 April.Latvia - Exchange Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 1.38 | 1.21 | 1.09 | 1.05 | 1.20 |
Latvia Exchange Rate Chart
Source: Thomson Reuters.
Latvia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.55 | 0.0 % | Jun 30 |
| Exchange Rate | 1.12 | 0.65 % | May 13 |
| Stock Market | 1,017 | 0.17 % | May 13 |
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Economic News
Latvia: Industrial output rebounds in March
May 7, 2019
Industrial output increased 1.5% in working day-adjusted year-on-year terms in March, contrasting February’s 3.2% fall, which had marked the worst result in over five years.
Latvia: Growth decelerates in Q1
April 30, 2019
Growth decelerated to 2.8% in year-on-year terms in the first quarter of the year, down sharply from the previous quarter’s 5.1% increase and marking the weakest expansion since Q3 2016.
Latvia: Inflation inches down in March
April 15, 2019
Consumer prices rose 1.1% from the previous month in March, accelerating sharply from February’s 0.1% increase.
Latvia: Industrial production suffers sharpest contraction in over five years in February
April 8, 2019
According to Latvia’s Central Statistical Bureau, industrial output dropped 3.2% in working day-adjusted year-on-year terms in February, an over five-year low and a steeper decline than January’s 1.8% fall.
Latvia: Inflation ticks down in February
March 15, 2019
Consumer prices rose 0.1% from the previous month in February, moderating from January’s 0.5% increase.
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