At best the Reserve Bank can attempt to smooth the peaks and troughs of the exchange rate. Of course, reasonable people can differ on what is the appropriate scale of intervention used to smooth some of the volatility.
It has become an integral part of European value chains, with intra-EU trade accounting for over two-thirds of Slovenia’s exports. It has shown resilience in the face of difficulty: for instance, its economy bounced back from the 2013 crisis to post robust growth rates before the pandemic.