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EXCHANGE RATE OF KUNA STABLE IN FIRST QUARTER OF 2000

ZAGREB, April 27 (Hina) - The exchange rate of kuna in relation to euro, namely to the German mark and other European Union member-states' currencies, was stable in the first three months of 2000, when kuna depreciated just 0.63 percent. The kuna depreciated against the German mark for only 0.04 percent in March as against February, reported the Croatian National Bank (HNB). In March the dollar appreciated against kuna by 2.09 percent. In the end of March the daily nominal cash rate of exchange of kuna mildly depreciated by 0.48 percent, the central bank added. The National Bank did not intervene in the foreign currency market in March, read the bank's bulletin issued in April.(hina) mm ms
ZAGREB, April 27 (Hina) - The exchange rate of kuna in relation to euro, namely to the German mark and other European Union member- states' currencies, was stable in the first three months of 2000, when kuna depreciated just 0.63 percent. The kuna depreciated against the German mark for only 0.04 percent in March as against February, reported the Croatian National Bank (HNB). In March the dollar appreciated against kuna by 2.09 percent. In the end of March the daily nominal cash rate of exchange of kuna mildly depreciated by 0.48 percent, the central bank added. The National Bank did not intervene in the foreign currency market in March, read the bank's bulletin issued in April. (hina) mm ms

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