Exchange Rate in Latvia
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) | - | - | - | - | - |
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: Industrial output growth gains momentum in July
September 3, 2021
Industrial output grew 8.4% in year-on-year terms in July, which was above June's 7.6% increase.
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Latvia: GDP expands at the swiftest pace in over 13 years in Q2
August 31, 2021
The economy surged 11.1% year-on-year in the second quarter of 2021, according to detailed national accounts data released on 31 August.
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Latvia: Inflation rises to over one-year high in July
August 10, 2021
Consumer prices increased 0.36% from the previous month in July, matching June's reading.
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Latvia: Industrial output growth slows in June
August 3, 2021
Industrial production rose 7.6% year-on-year in June, following May’s 10.6% result.
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Latvia: GDP soars at rapid pace in Q2 amid favorable base effect
July 29, 2021
GDP surged 10.3% on an annual basis in the second quarter of 2021, according to preliminary national accounts data released by Latvia’s Statistical Institute on 29 July.
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