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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (25539)11/19/2002 3:40:37 AM
From: elmatador  Read Replies (1) of 74559
 
Hi J! I had planned to buy a small basket of Central European -Hungarian Florin, Czech and Slovak Koruna- currencies end of this year.

The reason being that with the prospects of joining the Euro closer, not only property that will increase in prices, the currencies will appreciate too.

Now I discovered that the Slovakian Koruna already appreciated 4% against the Euro since September following the election's result. Slovakian Central bank has cut interest rates to cap valuation of Slovakian Koruna.
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