Exchange Rate in Luxembourg
Luxembourg - Exchange RateThe economy likely lost steam in the opening quarter of the year amid the fallout from the war in Ukraine. Consumer sentiment soured as inflation ballooned on the back of higher energy and raw material costs. Household spending is likely to have been dented as a consequence, despite falling unemployment. Turning to Q2, consumer sentiment remained deeply pessimistic in April, while harmonized inflation rose to an all-time high. More positively, business sentiment returned to optimism in April, albeit timidly, likely supported by limited direct exposure to Russia and Ukraine. Meanwhile, the European Commission recently noted the sustainability of the public finances, the tax system, inequality in education and the green transition as key challenges going forward.
Luxembourg - Exchange Rate Data
|Exchange Rate (vs USD)||1.09||1.05||1.20||1.14||1.12|
5 years of economic forecasts for more than 30 economic indicators.
Luxembourg Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 18, 2023
Harmonized inflation dropped to 6.2% in December, below November’s 7.3%.
January 4, 2023
Retail sales fell by 1.9% year-on-year in November, in contrast to October’s +0.3% reading. Meanwhile, the trend pointed down, with the annual average growth of retail sales coming in at 2.8% in November, down from October’s 3.3% reading.
December 27, 2022
Retail sales dropped to 0.2% year on year in October, down from September’s +1.6% reading. Meanwhile, the trend pointed down, with the annual average growth of retail sales coming in at 3.3% in October, down from September's 3.6% reading.
December 7, 2022
GDP growth accelerated to 3.0% year on year in the third quarter from 1.7% in the second quarter.
November 17, 2022
Harmonized inflation held steady at September’s 8.8% in October.