Złoty’s trade rate to fall below 4.00 next year

10 September 2012

After suffering a sharp drop at the end of August, analysts are now predicting the Polish złoty will bounce back stronger in the coming months. Market watchers are speculating the euro-złoty exchange rate could come down to the level of 4.00 over the next three months. And within the next 12 months, market analysts are predicting the zloty will strengthen against euro at a rate of 3.95. “Poland’s stable fiscal condition has helped generate demand from foreign investors looking for alternative financial instruments on the G10 and EU markets. As a result, the Polish market would expand more than other EU and G10 countries,” according to the daily Puls Biznesu.

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