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Euro Zloty (EUR/PLN)

Euro Zloty (EUR/PLN)

Trading for beginner - DAX-Weekend

First Published: 31 October, 2022
Last Updated: 23 November, 2022
Fact-checked by Adrian Müller

Table of Content

Euro Zloty Chart (EUR/PLN Exchange Rate)

The following chart represents the current and historical Euro Zloty exchange rates:

Euro Zloty Currency Calculator (EUR/PLN FX calculator)

Use our currency calculator to convert EUR to PLN:

Exchange rate euro zloty (EUR/PLN) historical analysis 2021

The Euro Zloty (EUR/PLN) reached its minimum in 2021 on the 3rd of June at 4.45 and maximum on the 23rd of November at 4.71. The average exchange rate for the EUR/PLN in 2021 has been around 4.56. The table below shows the monthly exchange rates for the EUR/PLN in 2021. As can be seen from the table, the EUR/PLN has been relatively stable in 2021, with only a slight increase from June to November. This stability is likely due to the European Central Bank’s (ECB) monetary policy, which has kept interest rates low and supported the euro. In addition, the Polish economy has also been fairly strong, with GDP growth of 7.9% in Q3 2021. This has helped to support the zloty and keep the EUR/PLN exchange rate relatively stable. It is expected that the ECB will continue to support the euro, which should help to keep the EUR/PLN exchange rate relatively stable in the near term. However, if there are any unexpected sudden changes in either the ECB’s monetary policy or the Polish economy, this could cause the EUR/PLN exchange rate to fluctuate.

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Exchange rate Euro Zloty (EUR/PLN) 2022 analysis

The Euro Zloty rate in 2022 had a minimum on the 10th of February at 4.49 and maximum on the 7th of March at 4.95. On average, in 2022, the exchange rate for EUR/PLN was around 4.68. The main reason for this variation is due to the different economic conditions in the Eurozone and Poland. In general, when the economy is doing well in the Eurozone, the EUR/PLN rate will be higher. This is because investors are more confident in the euro and are willing to buy more Polish zloty. Alternatively, when the economy is not doing well in the Eurozone, the EUR/PLN rate will be lower. This is because investors are less confident in the euro and are not willing to buy as many Polish zloty. Another factor that can affect the EUR/PLN rate is interest rates. When interest rates are higher in Poland than in the Eurozone, it can cause the EUR/PLN rate to increase. This is because investors will want to buy Polish zloty so they can earn a higher return on their investment. However, when interest rates are lower in Poland than in the Eurozone, it can cause the EUR/PLN rate to decrease. This is because investors will want to buy euros so they can earn a higher return on their investment.

Euro Zloty exchange rate forecast 2023

The euro to Polish zloty (EUR/PLN) exchange rate is forecast to remain volatile over the next five years as a number of factors, such as the ongoing war in Ukraine, utilities and gas issues, and so on, continue to weigh on the Eurozone economy. However, some analysts believe that the EUR/PLN rate could appreciate in the long-term as the Eurozone economy eventually recovers from these headwinds. In the meantime, investors are advised to keep a close eye on these developments as they are likely to have a significant impact on the EUR/PLN exchange rate.

Pure technical analysis of Euro Zloty (EUR/PLN)

In the long run (monthly timeframe), if you’re looking to trade EUR/PLN, the technical indicators are currently suggesting a ‘strong buy’ for the euro Polish zloty. The EUR/PLN RSI(14) is at 63.474, which indicates that the euro Polish zloty is a good buy, as well as MACD, ADX, Williams %R and CCI.

ATR, STOCH and STOCH RSI indicate respectively high volatility, neutral and overbought. Only the Ultimate Oscillator on the monthly basis indicates a ‘sell’ signal.

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EUR/PLN is currently exhibiting a strong buy signal according to moving averages. This suggests that the euro is likely to continue strengthening against the Polish zloty in the near future.

However, as always, it’s important to do your own research and analysis before making any trading decisions.

What is the Euro Zloty exchange rate today?

The Euro Zloty exchange rate is a measure of how many Polish zloty it takes to buy one euro. The exchange rate varies based on economic conditions in both the Eurozone and Poland, as well as market demand for the two currencies. As of today, the EUR/PLN exchange rate is 4.81. This means that it would take 4.81 Polish zloty to buy 1 euro. The EUR/PLN exchange rate is up from yesterday when it was 4.80. However, the EUR/PLN exchange rate is down from a week ago when it was 4.86.

The EUR/PLN exchange rate is up from a month ago when it was 4.76 back in September 2022. However, the EUR/PLN exchange rate is up from a year ago when it was 4.56 in October 2021.

How has the exchange rate changed in recent years?

The Euro Zloty exchange rate has seen a lot of volatility in recent years. After peaking at around 4.50 in early 2009, the financial crisis caused the rate to decline sharply. It bottomed out at around 3.50 in early 2008, before recovering to around 4.00 by the end of the year. The following years saw a gradual decline with the rate being around 4.20 in 2012 and then dipping below 4.00 in 2015. However, it has since recovered somewhat and is currently trading at around 4.70. Despite this volatility, the overall trend has been one of gradual increase, and it seems likely that this will continue in the years ahead.

What factors influence the exchange rate?

There are a number of factors that can influence the exchange rate between the euro and the Polish zloty. One of the most important factors is economic growth. If the economies of the Eurozone and Poland are growing at different rates, this can impact the exchange rate. Another important factor is inflation. If inflation in Poland is higher than in the Eurozone, this can lead to a depreciation of the zloty against the euro. Interest rates are also a key factor. If interest rates in Poland are higher than in the Eurozone, this can attract foreign investment and lead to an appreciation of the zloty. Finally, political stability is also a key consideration. If there is political uncertainty in Poland, this can lead to investors selling off the zloty, leading to a depreciation of the currency.

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How do you trade euros for Polish zlotys?

One way to trade euros for Polish zlotys is to go to a currency exchange office. There, you will be able to exchange your euros for an equivalent number of Polish zlotys. You may also be able to find currency exchange offices at some banks. Another way to trade euros for Polish zlotys is to use an online currency exchange service. With this type of service, you can typically trade your euros for Polish zlotys without incurring any fees. However, you will likely need to have a bank account in order to use this type of service. Finally, if you are travelling to Poland, you may be able to use an ATM to withdraw Polish zlotys from your bank account. However, you will likely incur fees for this type of transaction.

What are some common transactions that take place in this currency pair?

EUR/PLN is a currency pair that represents the value of the euro in Polish zloty. It is one of the most popular currency pairs for transactions involving the euro, as Poland is a large trading partner of many European countries. Common transactions in EUR/PLN include imports and exports, cross-border payments and investments. Poland is a member of the European Union, so there is a high demand for euros in Poland for trade and travel. However, the zloty is also a popular currency for investment due to its relatively high interest rates. As a result, EUR/PLN is a highly liquid currency pair that experiences a lot of volatility.

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What are some of the risks associated with this type of investment?

Like any investment, there are always risks to consider when investing in foreign currency. One risk to consider when investing in Euro Zloty (EUR/PLN) is the potential for currency devaluation. The Polish zloty has been known to fluctuate in value, and if the zloty weakens compared to the euro, your investment could lose value. Additionally, political instability in Poland could also impact the value of the zloty and, as a result, your investment. Another risk to consider is the potential for interest rate changes. If interest rates in Poland rise, this could lead to an increase in demand for the zloty, which could cause the value of your investment to decline. As with any investment, it is important to understand all of the risks before making a decision.

About the author – D. Schmidt

I’m a German stock trader who has lived around the world. I travel extensively and believe that my experiences give me a unique perspective on global markets. I love trading! It’s always exciting to see what happens next. My goal is to help people understand the game so they too can enjoy it to the fullest. In this blog, I will share some tips and tricks that helped me along the way.

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