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Polish zloty Exchange Update, Chart & History

PLN Markets Update - Our review of Polish zloty Forecasts and News plus Charts and Historic Rates. Check PLN Trends over various time periods.

 

Polish zloty (PLN) Market Update

The Polish zloty (PLN) has experienced significant fluctuations in recent months, particularly against major currencies like the euro, US dollar, British pound, and Japanese yen. Following the National Bank of Poland's unexpected decision to cut interest rates in September, the PLN has depreciated by almost 3% against the euro. This move was attributed to a shifting economic landscape, with concerns over a potential recession in Germany impacting Poland's export prospects. The PLN's connection to the German economy, which has been grappling with stagflation and declining industrial production, has further added to the zloty's challenges.

Despite these headwinds, recent price data shows that the PLN has displayed a high level of volatility across various currency pairs. The PLN to USD exchange rate, currently hovering around 0.2506, has traded within a wide 17.8% range over the past three months. Similarly, the PLN to EUR and PLN to GBP rates have also experienced notable fluctuations, reflecting the uncertainty surrounding Poland's economic outlook. Against the Japanese yen, the PLN has shown resilience, trading 2.2% above its 3-month average at 37.94. As FX analysts continue to monitor geopolitical events, such as the conflict in Ukraine, the PLN's future trajectory remains uncertain, with potential impacts on its valuation against key global currencies.

 

US dollar to Polish zloty - USD/PLN Trend

 
USD to PLN at 3.9890 is near its 3-month average, having traded in a very volatile 17.8% range from 3.9121 to 4.6074
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1 USD =
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