The main currencies of Central Europe will struggle to appreciate in the next year, with the Hungarian forint sticking close to record lows and only the Czech crown expected to make small gains, a poll by Reuters on Thursday showed.
Slowing growth is a major factor taking the shine off the currencies of the world, which have already been battered most of the year by rising global threats such as a hotter US-China trade dispute, as well as Britain's uncertain exit from the European Union.
Since the beginning of the year, the currency has lost more than 3 percent and hit a record low for the euro in November.
Many analysts in a Reuters poll forecast that the forint will cling to these points in the next 12 months, presenting this year's same depreciation pattern.
The median poll projection showed a currency decline of about 1.1 percent over the next 12 months from Wednesday's rate to trading about 335 to the euro.
Romania's leu was also expected to drop by 1.5 percent to 4.85 per euro due to the country's worries regarding deficits.
The Polish zloty, the most liquid currency in the country, was seen nudging 0.5 percent lower than the euro to 4.30 percent, unchanged in a survey a month ago from the 12-month outlook.
There is still concern about the fate of Swiss franc mortgage lending and its effect on the banking sector.
"Macro data continues to show a slowing of activity," wrote Raiffeisen Bank in an FX outlook report on Dec. 3.
"Another collection of news on the CHF mortgage issue raised concerns about the negative impact on the banking sector ... Because of all of the above, EUR / PLN is likely to fluctuate in the near term above 4.30."
Nordine Naam, a Natixis strategist, said the current economic backdrop was negative in the short term, but that slow growth recovery from next year could also boost currencies later.
Analysts said the Czech crown was still standing out. However, it was expected to gain 0.5 percent over the next 12 months to 25.43 per euro.
The Czech central bank is one of the few in Europe that is still discussing whether interest rates will continue to rise in response to inflationary pressures.
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