Złoty shows resilience - Bloomberg
The resilience of the złoty during the political crisis shows the strength of the Polish economy, Bloomberg wrote after having analyzed the performance of 14 European currencies over the past month.
The złoty performed best in the group, gaining in value from 4.2520 per euro on January 3 to 4.1599 per euro at 9:23 a.m. on Tuesday. Analysts surveyed by Bloomberg expect the currency to gain over 2 percent to 4.06 per euro by the end of this year.
“Poland is in a very comfortable place -- high growth, low inflation and a much more manageable current-account deficit than previous years,” Abbas Ameli-Renani, strategist at Royal Bank of Scotland Group, told Bloomberg.
