conversion rate.  How much do you have to pay for euros, dollars and francs?

Polish zloty exchange rate It fell against the major currencies on Monday, August 28th during the day.

At 17.24 zlotys was losing to dollar 0.09 percent The price of the US currency was close 4.14 Polish zlotys. euro It rose 0.15 percent against the zloty. And the cost is over 4.47 Polish zlotys. Do franc The zloty lost 0.02 percent. For one franc you had to pay 17.24 above 4.68 Polish zlotys.

For comparison, on Monday August 28, at around 7.00 am, one Swiss franc had to pay 4.67 PLN, 4.13 PLN for 1 dollar, and 4.46 PLN for 1 euro.

US Dollar/Polish Zloty

  • Purchasing price
    4,1365

  • sale rate
    4,1400

  • the above
    4,1434

  • minute
    4,1260

  • average exchange rate
    4,1383

  • Reference price
    4,1360




Euro/Polish Zloty

  • Purchasing price
    4,4710

  • sale rate
    4,4745

  • the above
    4,4794

  • minute
    4,4637

  • average exchange rate
    4,4728

  • Reference price
    4,4658




Swiss Franc/Polish Zloty

  • Purchasing price
    4,6789

  • sale rate
    4,6830

  • the above
    4,6883

  • minute
    4,6737

  • average exchange rate
    4,6810

  • Reference price
    4,6806




Exchange rates remain under the influence of investors’ assessment of the possibility of a rate cut in the United States. According to ING Bank analysts, the past week witnessed a further decline in the euro against the dollar from 1.0870 to 1.08 on Monday. “This is the effect of other weak data from Europe and comments from the Federal Reserve that interest rate cuts in the US are out of reach,” they comment.

EUR/USD

  • Purchasing price
    1,0808

  • sale rate
    1,0810

  • the above
    1,0821

  • minute
    1,0794

  • average exchange rate
    1,0809

  • Reference price
    1,0798




However, in their opinion, the zloty has handled it relatively well. “The zloty practically did not react to the weak data from the country,” – ING economists emphasize.

It comes, among other things weak data selling by pieces In July and only a slight improvement in Economic situation.

This week, when it comes to domestic data, Thursday will be particularly important for the Polish currency. On this day, the Central Bureau of Statistics published inflation data in August and a preliminary reading of GDP in the second quarter of the year. The preliminary data for the middle of the month was worse than expected.

PKB w II kW. 2023 p. It contracted 0.5% year-on-year and 3.7% qoq. – The Central Bureau of Statistics announced on August 16, publishing a quick estimate. Market expectations are for GDP to decline by 0.3 percent. Compared to the second quarter of 2022, by 2.5 percent. compared to the first quarter of this year.

And in the case of the single currency exchange rate, Thursday will also be important – then Eurostat will release data on inflation in the European Union and in the eurozone countries.

The next meetings to decide on interest rates are scheduled for September. First, we will know the decision on interest rates in Poland. The Monetary Policy Committee is scheduled to meet on September 12-13. A day later, the decision will be announced by the European Central Bank. On September 20th, we will know the Fed’s decision, and finally, on September 21st, the Swiss National Bank will decide on interest rates.

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