Poland: Zloty loses some ground in March
March 30, 2012
On 30 March, the Polish zloty (PLN) traded at 4.15 per EUR, which was 0.6% weaker than at the end of the previous month. The March loss contrasted February's 2.2% gain, when the currency traded at 4.13 PLN per EUR. In annual terms, the zloty has lost 3.2% compared to the same month last year. Since the beginning of the year, however, the zloty has appreciated 7.0% versus the EUR, as investors continue to seek higher returns in emerging markets. A stronger zloty may help alleviate inflation concerns for Polish policymakers going forward, after February's inflation reached 4.3%, well above the Central Bank's target.