Exchange rate statistics October 2019 Statistical Supplement 5 to the Monthly Report Deutsche Bundesbank Exchange rate statistics October 2019 2 Deutsche Bundesbank Wilhelm-Epstein-Strasse 14 60431 Frankfurt am Main, Germany Postal address Postfach 10 06 02 60006 Frankfurt am Main The Exchange rate statistics supplement is released once Germany a month and published on the basis of Section 18 of the Tel.: +49 (0)69 9566 3512 Bundesbank Act (Gesetz über die Deutsche Bundesbank). Email: [email protected] Up-to-date information and time series are also available online at: Information pursuant to Section 5 of the German Tele- www.bundesbank.de/timeseries media Act (Telemediengesetz) can be found at: www.bundesbank.de/en/homepage/imprint Further statistics compiled by the Deutsche Bundesbank can also be accessed at: Reproduction permitted only if source is stated. www.bundesbank.de/statisticalpublications ISSN 2190–8990 A publication schedule for selected statistics can be viewed on the following page: Finalised on 8 October 2019. www.bundesbank.de/statisticalcalender Deutsche Bundesbank Exchange rate statistics October 2019 3 Contents I. Euro area and exchange rate stability convergence criterion 1. Euro area countries and irrevoc able euro conversion rates in the third stage of Economic and Monetary Union .................................................................. 7 2. Central rates and intervention rates in Exchange Rate Mechanism II ............................... 7 II. Euro foreign exchange reference rates of the European Central Bank 1. Daily rates . 8 2. Monthly averages ..................................................................... 12 3. End-of-year rates and annual averages ..................................................... 15 4. Exchange rates of major currencies (chart) .................................................. 17 III. Effective exchange rates of the euro 1. Annual and monthly averages ............................................................ 18 2. Nominal and real effective exchange rates based on consumer price indices (chart) ................... 19 IV. Overview of world currencies 1. Currencies and exchange rates in individual countries .......................................... 20 2. Currencies in selected territories and states in which the currency of another country is legal tender ....... 43 V. Value of the special drawing right in selected currencies 1. End-of-year and end-of-month rates ....................................................... 44 2. Daily rates ........................................................................... 45 VI. Global exchange rate arrangements and monetary policy framework ............................................. 46 VII. ISO currency codes ....................................................... 48 Deutsche Bundesbank Exchange rate statistics October 2019 4 Explanatory notes Euro foreign exchange reference rates of the European Central Bank .................................. 51 Effective exchange rates of the euro ........................................................... 51 Indicators of the German economy’s price competitiveness .......................................... 51 Overview of world currencies ................................................................ 53 Value of the special drawing right ............................................................. 53 Global exchange rate arrangements and monetary policy framework .................................. 54 Explanatory notes on individual countries ............................... 57 Deutsche Bundesbank Exchange rate statistics October 2019 5 Abbreviations and symbols CU Currency unit(s) EC European Community ECB European Central Bank ECU European Currency Unit EER Effective exchange rate ERM Exchange Rate Mechanism EU European Union IMF International Monetary Fund ISO International Organization for Standardization SDR Special drawing right SITC Standard International Trade Classification SWIFT Society for Worldwide Interbank Financial Telecommunication B Buying rate M Middle rate S Selling rate V Calculated value e Estimated p Provisional r Revised . Data unknown, not to be published or not meaningful – Nil Discrepancies in the totals are due to rounding. Deutsche Bundesbank Exchange rate statistics October 2019 6 Deutsche Bundesbank Exchange rate statistics October 2019 7 I. Euro area and exchange rate stability convergence criterion 1. Euro area countries and irrevocable euro conversion rates in the third stage of Economic and Monetary Union From Country Currency ISO currency code EUR 1 = CU ... Council Regulation (EU) No 1 1999 January 1 Austria Austrian schilling ATS 13.7603 2866/98 Belgium Belgian franc BEF 40.3399 2866/98 Finland Finnish markka FIM 5.94573 2866/98 France French franc FRF 6.55957 2866/98 Germany Deutsche Mark DEM 1.95583 2866/98 Ireland Irish pound IEP 0.787564 2866/98 Italy Italian lira ITL 1,936.27 2866/98 Luxembourg Luxembourg franc LUF 40.3399 2866/98 Netherlands Dutch guilder NLG 2.20371 2866/98 Portugal Portuguese escudo PTE 200.482 2866/98 Spain Spanish peseta ESP 166.386 2866/98 2001 January 1 Greece Greek drachma GRD 340.750 1478/2000 2007 January 1 Slovenia Slovenian tolar SIT 239.640 1086/2006 2008 January 1 Cyprus Cyprus pound CYP 0.585274 1135/2007 Malta Maltese lira MTL 0.429300 1134/2007 2009 January 1 Slovakia Slovak koruna SKK 30.1260 694/2008 2011 January 1 Estonia Estonian kroon EEK 15.6466 671/2010 2014 January 1 Latvia Latvian lats LVL 0.702804 870/2013 2015 January 1 Lithuania Lithuanian litas LTL 3.45280 851/2014 1 The EU regulations can be found at http://eur-lex.europa.eu 2. Central rates and intervention rates in Exchange Rate Mechanism II * EUR 1 = CU ... Country Currency From ... ISO currency codeType of rate 1 Jan. 1999 17 Jan. 2000 28 June 2004 2 May 2005 28 Nov. 2005 19 Mar. 2007 29 May 2008 Denmark Upper rate 7.62824 7.62824 7.62824 7.62824 7.62824 7.62824 7.62824 Danish krone Central rate 1 7.46038 7.46038 7.46038 7.46038 7.46038 7.46038 7.46038 DKK Lower rate 7.29252 7.29252 7.29252 7.29252 7.29252 7.29252 7.29252 Greece Upper rate 406.075 391.863 − − − − − Greek drachma Central rate 1 353.1092 340.750 − − − − − GRD Lower rate 300.143 289.638 − − − − − Estonia Upper rate − − 17.9936 17.9936 17.9936 17.9936 17.9936 Estonian kroon Central rate − − 15.6466 15.6466 15.6466 15.64663 15.6466 EEK Lower rate − − 13.2996 13.2996 13.2996 13.2996 13.2996 Lithuania Upper rate − − 3.97072 3.97072 3.97072 3.97072 3.97072 Lithuanian litas Central rate − − 3.45280 3.45280 3.45280 3.452804 3.45280 LTL Lower rate − − 2.93488 2.93488 2.93488 2.93488 2.93488 Slovenia Upper rate − − 275.586 275.586 275.586 − − Slovenian tolar Central rate − − 239.640 239.6405 239.640 − − SIT Lower rate − − 203.694 203.694 203.694 − − Cyprus Upper rate − − − 0.673065 0.673065 0.673065 − Cyprus pound Central rate − − − 0.585274 0.5852746 0.585274 − CYP Lower rate − − − 0.497483 0.497483 0.497483 − Latvia Upper rate − − − 0.808225 0.808225 0.808225 0.808225 Latvian lats Central rate − − − 0.702804 0.702804 0.7028047 0.702804 LVL Lower rate − − − 0.597383 0.597383 0.597383 0.597383 Malta Upper rate − − − 0.493695 0.493695 0.493695 − Maltese lira Central rate − − − 0.429300 0.4293006 0.429300 − MTL Lower rate − − − 0.364905 0.364905 0.364905 − Slovakia Upper rate − − − − 44.2233 40.7588 34.6449 Slovak koruna Central rate − − − − 38.4550 35.44248 30.1260 SKK Lower rate − − − − 32.6868 30.1260 25.6071 Source: ECB. * One prerequisite before an EU Member State can join the euro area is 2001. 3 Until 31 December 2010; accession to the euro area on 1 January 2011. that its currency must have observed the normal fluctuation margins of Exchange 4 Until 31 December 2014; accession to the euro area on 1 January 2015. 5 Until Rate Mechanism II (the standard fluctuation band is +15%) for at least two years 31 December 2006; accession to the euro area on 1 January 2007. 6 Until 31 Decem- without devaluing against the euro. The Danish krone has a fluctuation band of ber 2007; accession to the euro area on 1 January 2008. 7 Until 31 December 2013; + 2.25% on either side of the central rate. 1 According to the EU communiqué of 31 accession to the euro area on 1 January 2014. 8 Until 31 December 2008; accession December 1998. 2 Until 31 December 2000; accession to the euro area on 1 January to the euro area on 1 January 2009. Deutsche Bundesbank Exchange rate statistics October 2019 8 II. Euro foreign exchange reference rates of the European Central Bank * 1. Daily rates EUR 1 = CU ... EU member countries Bulgaria Croatia Czechia Denmark Hungary Poland Romania Sweden Bulgarian lev Kuna Czech koruna Danish krone Hungarian forint Polish zloty Romanian leu Swedish krona Period BGN HRK CZK DKK HUF PLN RON SEK 2019 July 1 1.9558 7.3970 25.478 7.4647 322.90 4.2427 4.7327 10.5450 2 1.9558 7.3965 25.462 7.4639 322.91 4.2429 4.7331 10.5565 3 1.9558 7.3955 25.458 7.4641 322.44 4.2428 4.7349 10.5155 4 1.9558 7.3985 25.434 7.4633 322.82 4.2439 4.7188 10.5208 5 1.9558 7.3975 25.471 7.4635 323.41 4.2449 4.7246 10.5575 8 1.9558 7.3955 25.509 7.4631 324.66 4.2530 4.7200 10.5973 9 1.9558 7.3954 25.543 7.4634 325.46 4.2630 4.7265 10.6338 10 1.9558 7.3935 25.565 7.4637 325.90 4.2738 4.7335 10.6093 11 1.9558 7.3940 25.605 7.4673 325.83 4.2681 4.7340 10.5808 12 1.9558 7.3938 25.590 7.4673 325.78 4.2675 4.7322 10.5515 15 1.9558 7.3935 25.569 7.4669 325.66 4.2622 4.7333 10.5563 16 1.9558 7.3905 25.575 7.4678 325.85 4.2555 4.7316 10.5405 17 1.9558 7.3895 25.603 7.4669 326.68 4.2641 4.7336 10.5168 18 1.9558 7.3875 25.586 7.4672 326.46 4.2596 4.7325 10.5040 19 1.9558 7.3880 25.546 7.4662 325.36 4.2571 4.7309 10.5195 22 1.9558 7.3875 25.534 7.4660 324.95 4.2480 4.7225 10.5440 23 1.9558 7.3863 25.549 7.4659 325.50 4.2497 4.7207 10.5695 24 1.9558 7.3860 25.542 7.4649 325.75 4.2547 4.7190 10.5293 25 1.9558 7.3839 25.519 7.4648 325.21 4.2472 4.7228 10.4947 26 1.9558 7.3845 25.542 7.4663 326.45 4.2670 4.7263 10.5585 29 1.9558 7.3805 25.613 7.4668 327.23 4.2806 4.7287 10.5773 30 1.9558 7.3807 25.650 7.4666 327.49 4.2912 4.7321 10.6453 31 1.9558 7.3823 25.658 7.4674 326.48 4.2912 4.7338 10.6645 Aug.