According to Article 188 when calculating SCR for currency risk "Immovable property shall be assumed to be sensitive to the currency of the country in which it is located." In Polish market real estate assets are usually in EUR while local currency is PLN. The currency risk can be hedged by FX contracts thus economically company would be not exposed to that risk. What exactly Article 188 states for? Should SCR for currency risk be calculated assuming that a real estate asset is in PLN instead of EUR? How to treat FX contract which hedge that currency risk within SCR calculation? Changing currency of real estate asset to PLN while leaving FX contract as it is could lead to SCR for currency risk although the risk in reality is hedged.