Zloty’s Gains in Ukraine Crisis Show Polish Strength: Currencies
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The zloty’s resilience during Ukraine’s political crisis shows how far Poland has come in the decade since joining the European Union.
The zloty is the best performer this month among 14 European peers tracked by Bloomberg, gaining 2.3 percent against the euro, the most since July 2012. Russia’s ruble is the worst performer after tumbling to a record last week. Traders lowered their bets on anticipated price swings for the zloty, eastern Europe’s most-traded currency, by the most among 25 major peers this month.