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7 2.70 2.80 2.8 2.8 EEMEA Czech R. Policy 0.05 0.25 0.50 0.75 1.00 2y 0.74 0.60 0.80 1.00 1.10 1 Oy 1.37 1.20 1.40 1.60 1.70 Hungary Policy 0.90 0.90 0.90 0.90 0.90 2Y 0.42 0.40 0.50 0.70 0.90 1 Oy 2.35 2.20 2.30 2.50 2.80 Israel Policy 0.10 0.10 0.10 0.10
.950 2.970 3.000 3.050 3,100 3,150 USD-ARS 17.12 16.80 17.50 18.50 19.00 19.50 20.00 USD-PEN 3.26 3.30 3.30 3.35 3.40 3.42 3.45 Emerging Europe EUR-PLN 4.25 4.15 4.10 4.10 4.05 4.05 4.00 EUR-HUF 309 305 305 300 295 295 290 EURCZK 26.13 26.25 26.00 26.00 26.00 26.00 25.
1.22 7.48 7.30 7.20 7.10 - 7.51 7.54 7.61 8.45 8.20 8.10 8.00 - 8.47 8.49 8.54 Source: Datastream, Reuters, Bloomberg Finance LP, DB forecasts Hungary Indonesia IDR/USD 9,686 9,950 9,900 9,850 (Fwd. Rates) Malaysia MYR/USD 3.10 3.07 3.05 3.02 (Fwd. Rates) 3.12 3.13 3.16 Philippines PHP/USD 40.
29.6 29.5 29.3 Thailand THB/USD 29.8 30.0 30.0 30.0 (Fwd. Rates) 30.0 30.1 30.3 Source: Datastream, Reuters, Bloomberg Finance LP, DB forecasts Emerging Europe Spot Currency Rate Czech Rep. Koruna/Euro 25.6 25.0 24.5 23.8 (Fwd. Rates) EFTA01464481 Koruna/US$ (Fwd. Rates) Forint/US$ (Fwd. Rates) La
United Krgdom 01 00 1.8 -12 -1.5 Emerging Europe 41 2.6 2.61 2,4 1.3 Bulgaria 1.7 1.0 1.5 Czech Republic 1.7 -1.1 0.9 -3.1 -0.8 Hungary 1.6 -12 0.5 -3.5 09 Poland 4.3 2.3 1.81 2.4 11 Romania 2.5 00 0.8 0.5 1$ Russa 4.3 3.6 3.0 3.7 IS Turkey 8.5 2.8 3/ Globa
1 France 1.7 0.1 -0.1 0.1 4.1 Italy 011 -23 -0.5 t -32 t -3.3 Spain 0.4 -1.3 4/ 1 -1.3 -1.7 United Krgdom 01 00 1.8 -12 -1.5 Emerging Europe 41 2.6 2.61 2,4 1.3 Bulgaria 1.7 1.0 1.5 Czech Republic 1.7 -1.1 0.9 -3.1 -0.8 Hungary 1.6 -12 0.5 -3.5 09 Poland 4.3 2.3 1.
2.6 3.6 3.0 5.0 5.8 5.8 5.1 Bulgaria 1.7 0.7 1.5 Czech Republic 1.9 -1.1 0.0 -1.6 -1.3 -1.6 0.0 0.8 2.4 1.4 3.4 2.7 2.2 2.4 Hungary 1.6 -1.4 0.0 .1A -0.7 •1.0 0.0 0.5 1.8 2.0 5.5 5.5 3.7 3.9 Poland 4.3 2.1 1.6 0.8 1.6 0.5 1.3 2.3 3.0 2.3 4.0 2.9 1.9 2.
-1.1 3.8 -2.0 :15 Q,Q M.5 -2.5 0.8 0.5 -1.5 1.5 1.0 0.0 2.0 1.0 0.0 2.0 3.6 1.9 2.8 2.6 3.2 2.7 1.6 2.5 2.7 2.3 2.5 24 Emerging Europe 4.8 2.5 2.5 0.6 14 1,8 2.4 2.6 3.6 3.0 5.0 5.8 5.8 5.1 Bulgaria 1.7 0.7 1.5 Czech Republic 1.9 -1.1 0.0 -1.6 -1.3 -1.6 0.0
Source: Datastream, Reuters, Bloomberg Finance LP, DB forecasts Emerging Europe Currency Czech Rep. EUR/CZK (Fwd. Rates) USD/CZK (Fwd. Rates) Hungary EUR/HUF Latin America Currency Argentina USD/ARS (Fwd. Rates) Brazil USD/BRL (Fwd. Rates) Chile USD/CLP (Fwd. Rates) Colombia USD/COP (Fwd.
1.23 7.86 7.35 7.25 7.15 - 7.88 7.91 7.97 8.58 8.25 8.05 8.00 - 8.60 8.62 8.66 Source: Datastream, Reuters, Bloomberg Finance LP, DB forecasts Emerging Europe Currency Czech Rep. EUR/CZK (Fwd. Rates) USD/CZK (Fwd. Rates) Hungary EUR/HUF Latin America Currency Argentina USD/ARS (Fwd. Rates) Brazil
Entities connected to both Hungary and Emerging Europe

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