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A strong koruna means cheaper purchases in Poland. It pays off the most for more expensive goods

The Czech koruna is historically the strongest against the Polish zloty, breaking the five-crown mark for the first time ever. For Czechs, this means cheaper purchases in Poland. It pays off the most for more expensive goods, such as household appliances, bathroom accessories or building materials.

A TV Nova reporter also went shopping in Poland. For example, he bought paint there for 300 crowns. It costs almost three times as much in the Czech Republic. A neighbor’s shower will cost you almost 2.5 thousand crowns. Room doors start at 900 crowns on the price tag.

“Currently, the exchange rate is at the level of 4 korunas and 96 halers. This is the strongest exchange rate for the koruna, and of course this makes shopping abroad significantly cheaper,” explains economist Štěpán Křeček. The Polish zloty has never cost less than five crowns. In 2001, we paid over 10 crowns for it. Since then, its rate has been falling.

People now pay off mainly more expensive purchases. “Products such as electronics and household equipment, furniture, possibly equipment for the garden, building materials and others are becoming very attractive,” says Křeček.

​For example, a hundred and five German-made premium appliances would cost around 100,000 in the Czech Republic, in Poland at today’s exchange rate it comes out to almost 63,000 crowns. Transport will cost approximately 1,500 crowns.

And ordering craftsmen is also worthwhile. “We had a living room wall made in Poland. It cost us 50,000. That price includes assembly and transport. It would have cost 100,000 here,” boasts Mrs. Sylvie from Prague.

According to economists, the long-term outlook for the zloty exchange rate is still very favorable.

sei, TN.cz

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