Currency Indices

ICU has provided daily exchange rate and inflation figures for the Ukrainian market since 2009.

Updated Exchange Rate Indices

Calculations are based on extensive FX rates and inflation data in both the country in question and its’ main trading partner countries. The indices show the difference between the market value of a currency and fundamental level.

TWIs.xls (712kb)

Research history

Methodology

Methodology improved and the range of indices expanded by adding Belarusian ruble (BYR) and Kazakh tenge (KZT) in a report from October 29th, 2013 (pp. 67-94)

ICU’s family of FX trade-weighted.pdf (3.4mb)

Methodology improved and the range of indices expanded by adding Russian ruble (RUB) in a report from August 15th, 2013 (pp. 70-81)

Methodology update ICU’s family of.pdf (2.8mb)

Methodology improved by calculation frequency shift from monthly to daily basis in macro report from June 10th, 2011 (pp. 61-64)

Methodology UAH trade-weighted.pdf (4.1mb)

Calculation and publication of indices for Ukrainian hryvnia (UAH) launched in macro report from July 22nd, 2009 (pp. 39-41)

Methodology of UAH real TWI.pdf (894.5kb)

Currency Indices Analytic Studies

Correlation between Ukrainian hryvnia currency indices and sovereign credit risk of Ukraine in the macro report from July 30th, 2014 (pp. 48-49)

Ukraine sovereign risk premium and hryvnia's real rate Correlation issue revisited.pdf (1.7mb)

Interrelation of exchange indices and sovereign credit risk testing in the macro report from October 29th, 2013 (pp. 38-50)

Empirical research Testing the FX.pdf (3.4mb)