Europe can learn a great deal from the journey of Slovenia in recent decades. The country has faced and overcome serious challenges over the years: its independence from Yugoslavia; joining the EU; adopting the euro; overcoming the crisis that erupted in 2013; and now the pandemic overlayered with Russian war against Ukraine. But time and again, Slovenia has risen to the challenge and excelled.
I am, however, happy that there are now a number of market players who understand that the market is not always perfect and that there is sometimes a justifiable need to intervene in order to correct the market. In order for us to appreciate the exchange rate today, let us look at the movement in the exchange rate over the last fourteen years.