Currencies: Nonprecedential zloty fall on Christmas

29.12.2014 11:46|Conotoxia.com

Author: finanse.wp.pl
Address: http://finanse.wp.pl/Bezprecedensowe-zalamanie-sie-zlotego-w-Swieta
Published: 27.12.2014

During the Christmas week the zloty fell against the main currencies from 0.10 to 0.15 PLN. The euro tested the level of 4.40, the franc went over 3.65 and the pound came close to a 7-year high. What was the reason of such a dramatic sell-off of the Polish currency and what is to be expected on Monday?

Rapid zloty fall

The currency market can often surprise with unexpected changes or rapid movements. However, this situation during Christmas trade has never occured before. On Christmas Eve the euro was 4.30 PLN and on the 26th December the common currency cost 4.40 PLN. Similar situations occured with the franc, pound and dollar.

PDF Download (518.2kB)


See also:

Dec 19, 2014 2:43 PM

Russian problems is a long story

Dec 18, 2014 10:31 AM

Bargains in Russia

Dec 16, 2014 5:47 PM

Special report: Panic in Russia

Dec 11, 2014 3:34 PM

4% GDP growth thanks to cheaper oil

Dec 4, 2014 10:46 AM

Russia: problems have only begun

Nov 27, 2014 5:38 PM

Franc falls before the golden referendum