The EUR/PLN exchange rate will stay in the 4.7-4.8 range for some time

In the current high uncertainty due to the war in Ukraine, the EUR/PLN exchange rate will stay in the 4.7-4.8 range for “some time”, and the USD / PLN exchange rate – in the 4.3-4.4 range, believes a member of the Monetary Policy Council ( MPC) Ludwik Kotecki.

“Our currency will shape when it comes to the euro in the range of 4.7-4.8, the dollar: 4.3-4.4. We will have to live with such a course for some time, ”Kotecki said in an radio interview.

The uncertainty makes it hard to predict

When asked to clarify the term “some time,” he said, “This is the main thing to talk about now, which is great uncertainty.”

“We do not know how the conflict [beyond the eastern border] will translate into economic life in Poland, into the exchange rate, which is shaped not only by the domestic market, but also by foreign markets,” summed up the member of the Council.

Today, around 9:30 am on the currency market, the Euro was traded at PLN 4.75, and the dollar was traded at PLN 4.34.

In recent weeks the National Bank of Poland has tried to support the Polish Zloty and for now it seems to have worked to some extent.

Follow the exchange rates on news.bizinpoland.com

As always you can follow the exchange rates on all pages on Business news from Poland in the right sidebar and moreover I will write when there are any important news regarding the Polish Zloty and other big currencies.

So stay tuned and have a nice day. 

Source: ISBnews

 

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I am from Denmark but have lived and done business in Poland since the Spring in 2008. I have had a webshop with Scandinavian designed products, and event company in Poland. Today I am a business consultant and b2b IT consultant plus sales agent on the Polish market. I have lived/done business in 3 different cities and in 3 different regions (voivodeships) in Poland. My business network and knowledge about doing business in Poland and about Poland are therefore very big.

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