European corporates increasingly hedging exposure to CEE
LONDON - The depreciation of currencies in central and eastern Europe (CEE) has led to a wave of western European companies hedging their foreign exchange exposure to the region.
CEE currencies have depreciated considerably over the past six months. Some of the hardest hit include the Polish zloty, which lost 33% against the euro on September 19, dropping to 4.90 on February 17.
"Corporates from western Europe are exposed to CEE currencies through exports to these countries as well as through
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