Friday, January 30, 2015

Stronger or weaker franc gold? – Interia

Stronger or weaker franc gold? – Interia

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The chief economist of Bank Millennium, Grzegorz Maliszewski points to two trends that favor frankowym borrowers. On the one hand, the franc weakened against the common European currency. On the other Polish zloty strengthened against both the Swiss franc and the euro. As a result, a few days, as explained by the expert, the exchange rate of the zloty against the Swiss currency is coming to the border of 4 gold per franc.

An expert in an interview with IAR adds that the market is now looking for a balance between the rate of the Swiss franc against the individual currencies . According to economist happens among the introduction of a negative interest rate. According to Grzegorz Maliszewski is a chance that a franc, you will pay less than 4 gold.

From the morning Swiss franc exchange rate against the zloty ranges. For a few hours it was close to the border of 4 gold for one euro.

The strengthening of the franc is a consequence of the decision of the National Bank of Switzerland, who resigned in mid-January with the maintenance of a fixed exchange rate against the euro. On the strengthening of the currency suffers honor borrowers in Poland, who in recent years took out loans denominated in Swiss francs, to purchase the property.

Source Information: IAR

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