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    Currency in Poland – Polish zloty PLN

    A practical foreign exchange and currency guide to Poland

     

    What currency is used in Poland?

    The official currency of Poland is the Polish zloty, with symbol and currency code PLN.

     

    Things to know about the Polish zloty


    The Polish zloty, which is subdivided into 100 groszy, has an interesting but troubled history, beginning as early as the 14th century. It was once replaced as Poland’s currency and later reintroduced, and has also been redenominated several times. In Polish, the word “zloty” means “golden”.

    The most recent redenomination of the zloty followed a period of hyperinflation in Poland in 1990, a year in which the annual inflation rate reached nearly 600% and monthly inflation exceeded 50%. After a period of price stability in the early 1990s (we use “stability” loosely as inflation was still above 30% in 1994), a redenomination took place in January 1995 and the old polish zloty (ISO: PLZ) was changed to the new zloty (ISO: PLN) at a rate of 10,000-to-1.

    One of the conditions of Poland’s acceptance into the European Union in 2004 was that at some point it adopted the euro as its national currency. Since Poland has not yet joined ERM-II (a requirement for euro adoption), it is unlikely that the single currency will be used in Poland earlier than 2020. Poland’s former Deputy Prime Minister Janusz Piechociński said as much in 2014.

    Since 1995, the zloty’s valuation has remained relatively stable. Against the US dollar, the currency was weakest in both May and October 2000 when USD/PLN reached 4.73. The currency was strongest in July 2008 when USD/PLN fell to just 2.01. Since the euro's introduction in 1999, EUR/PLN has traded between 3.19 and 4.94.

     

    What the Polish zloty looks like?

     

     

     

    Polish zloty – Markets & Rates

    1 PLN = 0.2217 USD
    Sell PLN  →  Buy USD
    PLN to USD at 0.2217 is 5.4% above its 90-day average 0.2103 with range 0.1998-0.2217.
    |
      1 USD = 4.5115 PLN
     
    90-DAYHIGH1d
    4-DAY+1.7%1d


    In October the zloty fell to around 4.9 against the euro and 5 against the US dollar (1 PLN = 0.2 USD) its lowest level since the global financial crisis.

    It was trading at around 4.50 before Russia invaded Ukraine.

    DatePLN/USDPeriod
    08 Nov 2022
    0.2147
    2 Week
    24 Aug 2022
    0.2090
    3 Month
    22 Nov 2021
    0.2388
    1 Year
    23 Nov 2017
    0.2815
    5 Year
    24 Nov 2012
    0.3151
    10 Year
    27 Nov 2002
    0.2515
    20 Year
    PLN/USD historic rates

     

     

    Compare Polish zloty Exchange Rates & Fees

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend Polish zloty.

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