The overshooting results in Poland in 1999-2000

This paper attempts at expanding the famous overshooting result derived by Dornbusch' upon anal¬ogous results which can occur on the appreciation side of exchange rate, called overshooting a result. The overshooting a result is subject to empirical verification following the example of the fluctuations in exchange rates of the Polish zloty (PLN) in 1999-2000. For analysis it seems reasonable to assume that the pattern of the effect of economic processes upon currency rate is broadly symmetrical, which means that changes in economic volume affecting exchange rate depreciation, if made in the opposite direction would produce currency appreciation