Exchange Rate in Latvia
Latvia - Exchange Rate
The economic panorama is darkening further in Q2, after the economy shrank for the first time in nearly a decade in Q1. Plunging consumer demand chiefly drove the first-quarter contraction, with household consumption contracting at the sharpest rate in over 10 years amid constraining effects of Covid-19. Turning to Q2, business sentiment plunged to an over 10-year low in April and slipped further in May, signaling that private sector activity will have contracted sharply in the quarter. Similarly, restrictions to contain Covid-19 likely curtailed consumer spending in April–May, as unemployment likely soared, while collapsing external demand continued to hinder exports. More positively, however, authorities have been gradually easing restrictions since early May which should give the economy some much-needed respite at the end of Q2.Latvia - Exchange Rate Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | - | - | - | - | - |
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 % | Dec 31 |
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Economic News
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Latvia: GDP shrinks for the first time since 2010 in Q1 2020
May 29, 2020
The economy shrank 1.5% year-on-year in the first quarter, according to detailed national accounts data released by Latvia’s Statistical Institute on 29 May.
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Latvia: GDP contracts for the first time since 2010 in Q1 2020
April 30, 2020
The economy shrank 1.4% year-on-year in the first quarter of this year, according to preliminary national accounts data released by Latvia’s Statistical Institute on 30 April (Q4 2019: +1.0% year-on-year).
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Latvia: Inflation dives to over three-year low in March
April 8, 2020
Consumer edged up 0.3% from the previous month in March, accelerating slightly from February’s 0.1 increase.
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Latvia: Industrial output edges up in February
April 3, 2020
Industrial production rose 0.8% in annual working-day adjusted terms in February, after falling 4.5% in January, which had marked the sharpest contraction in industrial output in over ten years.
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Latvia: Industrial output contracts at the sharpest rate in over 10 years in January
March 10, 2020
Industrial production dipped 4.5% in annual working-day adjusted terms in January, worsening from December’s 3.2% decrease.
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