Taking into account the global fluctuations of exchange rates so far, it is a rather safe prediction that, as of next year, the fluctuation band of the lats’ exchange rate against all other currencies, except the euro, will widen.
For example, if the lats had been pegged to the euro already at the beginning of this year, then in the time period between January and October its exchange rate against the US dollar would have increased not only by 0.4% as it in fact did (Fig. 6-7*) but by 1.1%.