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Currency in Poland PLN - Things to know

Foreign exchange guide to Poland and the Polish zloty

Poland

What currency is used in Poland?

The official currency of Poland (country code: PL) is the Polish zloty, with symbol and currency code PLN.

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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.

An example Polish zloty banknote

 

Travel money for Poland

Save money and time by Ordering your Polish zloty online from Travelex, you get better rates and can pick up the PLN cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Polish zloty otherwise you may get much worst exchange rates.

 
 

Travel Ideas and Money Tips for Poland

Poland is a beautiful country located in Central Europe with a rich history and culture. It is a great destination for travelers and expats alike, offering something for everyone. The country is known for its stunning architecture, vibrant nightlife, and delicious food. There are also plenty of opportunities for outdoor activities, such as hiking and skiing. Poland is a safe and welcoming country with plenty to offer visitors.

Best things to do and see in Poland

There are many things to see and do in Poland. Some of the most popular attractions include:

1. Visit the Warsaw Uprising Museum

2. Take a dip in the Baltic Sea

3. Stroll through the Old Town of Warsaw

4. Visit the Wieliczka Salt Mine

5. climbing the Rysy peak in the Tatra Mountains

Top Travel tips for Poland

1.Plan your trip in advance and book your accommodation and flights early, as Poland can be a popular tourist destination.

2.Make sure you have a valid passport and visa for Poland if you are coming from outside the European Union.

3.Pack a good range of clothing as the weather in Poland can be unpredictable, especially in the summer months.

4.Be prepared for some language barriers as not everyone in Poland speaks English. However, most people in the tourism industry should be able to speak English to some degree.

5. Poland is a safe country to travel to, but it is always advisable to take out travel insurance before you go.

6.When visiting Poland, be respectful of religious sites and traditions, as well as the country's World War II history.

Is it safe in Poland?

Poland is relatively safe, although like any country, it has its share of crime. The most common types of crimes are property crimes such as theft and vandalism, and violent crimes such as assault and robbery. There is also a threat of terrorism, but this is typically concentrated in the larger cities.

 
   

USD/PLN Market Data

The below interactive chart displays the USD/PLN change and UP📈 DOWN📉 trends over the past 1 Year.

 
1 USD =
3.9923We compare provider deals to this wholesale mid-market rate. Read more
PLN
  1 PLN = 0.2505 USD   (Inverse rate)
 
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Frequently Asked Questions

What currency should I use in Poland?

The domestic currency in Poland is the Polish zloty.

What is the Polish zloty currency code and symbol?

The three letter currency code for the Polish zloty is PLN — symbol is .

Which countries use the Polish zloty?

It is the domestic currency in    Poland.

Is the Polish zloty a closed currency?

No, the Polish zloty is freely available and convertible. See guide: What is a closed currency?

What are equivalent amounts of HKD and PLN?

Here are some popular conversion amounts for HKD to PLN (Hong Kong dollar to Polish zloty)*.

HKD PLN
HK$ 1 0.5100
HK$ 5 2.5500
HK$ 10 5.1000
HK$ 20 10.20
HK$ 50 25.50
HK$ 100 51.00
HK$ 250 127.50
HK$ 500 255.00
HK$ 1,000 510.00
HK$ 2,000 1,020
HK$ 5,000 2,550
HK$ 10,000 5,100
HK$ 20,000 10,200
HK$ 50,000 25,500
HK$ 100,000 51,000
HKD PLN
HK$ 1.9606 zł 1
HK$ 9.8030 zł 5
HK$ 19.61 zł 10
HK$ 39.21 zł 20
HK$ 98.03 zł 50
HK$ 196.06 zł 100
HK$ 490.15 zł 250
HK$ 980.30 zł 500
HK$ 1,961 zł 1,000
HK$ 3,921 zł 2,000
HK$ 9,803 zł 5,000
HK$ 19,606 zł 10,000
HK$ 39,212 zł 20,000
HK$ 98,030 zł 50,000
HK$ 196,060 zł 100,000

More amounts

*Converted at the current HKDPLN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

Send Money to Poland - Best Rates

To get a good (and fair) exchange rate when sending money to Poland you need to find and compare exchange rates for International Money Transfers (IMTs).

The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


Get a better deal for foreign transfers to Poland

When sending money to Poland it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Polish zloty amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted PLN amount will be transfered to the recipient account you specify in Poland.

Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Polish zloty deposited into the recipient bank account and less margins and fees kept by the banks!

 

Expat Money & Business Guide to Poland

Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.

By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Poland.

What is the cost of living in Poland?

There is no definitive answer to this question as the cost of living in Poland will vary depending on the individual's lifestyle and location within the country. However, according to numbeo.com, the cost of living in Poland is generally 12.57% lower than in the United States.

How is the expat life in Poland?

There are many expats in Poland and they seem to enjoy the country and the people. The cost of living is relatively low, and there are plenty of things to do and see.

Any laws in Poland that foreigners should be aware of?

There are no specific laws in Poland that foreigners should be aware of. However, it is always advisable to consult with a local attorney or law firm to get specific advice on any legal matter.

What is doing business like in Poland?

Doing business in Poland is much like doing business in most Western European countries. The business culture is relatively formal, and business deals are usually conducted in a polite and professional manner. There is a strong focus on building relationships, and it is important to take the time to get to know your potential business partners before starting any formal negotiations. Poland also has a very well-developed infrastructure, and businesses can generally expect a high level of service and efficiency.

How is the economy in Poland?

The economy in Poland is growing steadily. Unemployment is relatively low, and inflation is under control. GDP per capita is still relatively low compared to other European countries, but it is gradually catching up. The country has seen a lot of foreign investment in recent years, and this is helping to spur economic growth.

Managing your finances in Poland

Here we list some key points for expats and businesses to consider when managing financial dealings in Poland:

  1. Understand Polish zloty currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the PLN exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.

  2. Use a local Polish zloty bank account: A local PLN bank account can make it easier for you to manage your finances and pay bills while you are in Poland. It may also be more convenient to use a local PLN bank account to make purchases and withdraw cash.

  3. Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Poland. This can help you avoid legal issues and ensure that you are complying with local requirements.

  4. Consider the tax implications: It is important to understand the tax implications of living or doing business in Poland. This can help you plan your finances and ensure that you are paying the correct amount of tax.

  5. Seek financial advice: If you are unsure of how to manage your finances in Poland, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.

 

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