One year ago Polish zloty was PLN 3.8000/USD. Since then the sloty has fallen 14% against the dollar. Price levels in the US have not changed, but Polish price has gone up 7%
- What is the nominal exchange rate today?
- What should be the exchange rate today, based on relative PPP and assuming last year was normal?
- Did the zloty depreciate or appreciate in real terms, relative to the dollar, by what percentage?
- Using last year as the base, what is the real exchange rate of zloty against today?