Poland: Zloty appreciates for third straight month in February
February 29, 2012
On 29 February, the Polish zloty (PLN) traded at 4.13 per EUR, which was 2.2% stronger than the level registered at the end of the previous month. The February gain followed January's 5.5% increase, when the PLN traded at 4.22 per EUR. In annual terms, however, the zloty has lost 4.3% compared to the same month last year. As a result of the monthly appreciation, the zloty has now returned to levels last seen in August 2011. A stronger zloty may help alleviate inflation concerns for Polish policymakers going forward, after January's inflation reached 4.1%, well above the Central Bank's target.