Author: admin   Add date: 05/01/2009   Publishing date: 05/01/2009   Hits: 0

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WARSAW (Dow Jones) - Poland's potential loss of foreign exchange currency derivatives is estimated to be about 3.6 billion zlotys (1.28 billion U.S. dollars) As at April 17, Poland's financial markets regulator, or KNF, said Tuesday. The figure has dropped 50% in mid-February from, KNF said. According to the survey, banks, KNF, said that as many as 80% -85% of the companies entering the foreign exchange hedging should not suffer financial losses because of their export earnings from the transaction, rather than speculation. Potential foreign exchange losses, the zloty exchange rate of 4.2848 pairs of the euro and the dollar 3.2764 pairs. Tuesday, Catch presented and easy to 4.5600 against the euro dollar exchange rate 3.5040 pairs.

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