Exchange Rate in Slovakia
Slovakia - Exchange Rate
GDP growth improved in the first quarter of this year. The acceleration was spearheaded by stronger domestic demand: Eased Covid-19 restrictions pushed up average annual retail sales growth to 16.0% in Q1 from 2.4% in Q4, pointing to healthier private spending growth. Less positively, the external sector weakened in Q1, weighing on the overall result. Turning to Q2, available data paints a mixed picture. Both business and consumer confidence improved in April, suggesting that private sector was broadly resilient to a slowing global economy and supply bottlenecks arising from the war in Ukraine and lockdowns in China. That said, inflation shot up to a record high in April and will likely remain at all-time highs in the coming months, in turn hurting household consumption in Q2. Meanwhile, on 23 May, S&P Global Ratings slashed the outlook of Slovakia’s A+ rating from stable to negative.Slovakia - Exchange Rate Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | - | - | - | - | - |
Slovakia Exchange Rate Chart
Source: Thomson Reuters.
Slovakia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.13 | -4.12 % | Dec 31 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
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Slovakia: Industrial output bounces back in May
July 21, 2022
Industrial output rose 1.1% compared to the same month of the previous year in May, which contrasted April's 9.6% decrease.
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Slovakia: Inflation comes in at highest level since 2000 in June
July 21, 2022
Consumer prices rose 1.20% over the previous month in June, coming in below May's 1.60% rise.
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Slovakia: GDP growth records best reading since Q2 2021 in the first quarter
June 17, 2022
GDP growth gained traction to 3.1% year on year in the first quarter, from 1.4% in the fourth quarter of last year.
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Slovakia: GDP growth accelerates in Q1
May 17, 2022
Annual growth more than doubled at the outset of this year, coming in at 3.1% in Q1, compared to a 1.4% year-on-year increase in Q4 2021.
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Slovakia: Inflation increases in April
May 13, 2022
Consumer prices rose 1.50% in April over the previous month, which was below March's 1.70% rise.
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