Zloty Performing Well

Posted by Amanda Kendle Dec 1, 2006

Got your head around all the different currencies in Eastern Europe yet? There are quite a few, but here's some news about a couple of them. Headlines this week have been reporting that Poland's zloty is performing really strongly, both against the euro and the US dollar. Increased and steady investment in the region is considered to be the main reason for the growth. In Hungary, the forint is performing similarly, as is Slovakia's koruna. It's good to see these emerging economies doing well, but what does that mean for us? Probably that increasingly the bargains you can find as a traveler in Eastern Europe are disappearing. Prague and Budapest are often priced just as highly as popular Western cities. Of course, just because it's not so cheap, doesn't mean we shouldn't go there - we just have to work out how to get our dollar to go further.