The Polish zloty is the world's best-performing currency this year, gaining 16 percent against the euro and 25 percent against the dollar. |
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The Polish economy has been under pressure and the zloty has fallen by about 10 per cent against the euro since the start of June. |
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If the police or authorities notice them moonlighting, then the employee faces a 5,000 zloty fine. |
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So you will still have to cope with the kroon, zloty, tolar and forint for a few years. |
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The value of the zloty has dropped inordinately relative to the euro, because of the substantial foreign capital we are attracting. |
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The two other currencies which gained strength against the euro were the Polish zloty and the Chinese yuan. |
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The primary explanation of this growth would be domestic growth, which was accentuated by the flexible exchange rate of the zloty to the euro. |
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The Group's exposure to foreign exchange risks mainly stems from the Polish zloty, the Russian rouble and the US and Canadian dollars. |
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Also, the exchange rate of the dollar against the zloty no longer supports the argument about illegal work. |
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The fact that the zloty fell to an all-time low of about 38 p.c. below its peak of mid 2001 is also due to recent political tensions. |
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However, in certain countries, the Group may issue invoices denominated in foreign currencies, mostly the U. S. dollar, Canadian dollar, Hungarian forint, Russian ruble and Polish zloty. |
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In this period, the zloty traded against the euro almost consistently at a much stronger level than in November 2004 and showed mostly a high degree of volatility. |
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The appreciating Polish zloty and until recently still bullish market on the Warsaw Stock Exchange are keeping investors into mainly Polish and New Europe investment. |
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Poles should decide on this issue in a national referendum and I hope that the Polish zloty will remain a national currency in Europe, alongside the British pound and the Danish and Swedish currencies. |
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The Polish zloty, which is free to float, strengthened rapidly up to mid 2001, mainly because of the wide interest rate spread in relation to the euro area. |
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