Exchange Rate in Latvia

Latvia Exchange Rate | Economic News & Forecasts

Latvia - Exchange Rate

Preliminary national accounts data revealed that the economy expanded at the swiftest rate in nearly 14 years in Q2 following Q1’s contraction. The result was likely spearheaded by firming household spending, with retail sales averaging significantly higher in April–June compared to Q1 amid a gradually falling unemployment rate and rising consumer sentiment. Moreover, demand dynamics seemingly improved, with both merchandise imports and exports logging multi-year highs throughout the quarter. This, coupled with rapid industrial output growth in April–June, suggests firming activity in the period. That said, Q2’s result was in large part due to a low base effect, with April–June 2020 seeing a steep decline in activity due to the outbreak of the pandemic, and government authorities have already expressed concerns that the economy is likely still being propped up by fiscal aid.

Latvia - Exchange Rate Data

2015   2016   2017   2018   2019  
Exchange Rate (vs USD)-     -     -     -     -     

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Latvia Exchange Rate Chart

Latvia Exchange Rate
Note: U.S. dollar (USD) per euro.
Source: Thomson Reuters.

Latvia Facts

Value Change Date
Bond Yield0.550.0 %Jun 30
Exchange Rate1.120.65 %Dec 31

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