The EUR to PLN exchange rate is currently range-bound.
Key drivers impacting this include:
- The European Central Bank (ECB) has left interest rates unchanged, signaling caution about the euro's strength, while the National Bank of Poland (NBP) recently cut rates, widening the interest rate differential between the two currencies.
- The eurozone shows promising economic growth forecasts, with GDP growth expected to reach 1.6% in 2026, supporting the euro against the PLN.
- Poland's robust investment outlook, projected to surpass 650 billion zlotys in 2025, could enhance the zloty's stability.
The near-term trading range is expected to fluctuate within current levels, reflecting ongoing economic data releases and monetary policy shifts.
An upside risk could arise from a stronger-than-anticipated rebound in eurozone consumer sentiment, while a downside risk may stem from increased geopolitical tensions in Ukraine, potentially affecting investor confidence in the euro.