1 euro = 4,46637049 złotego polskiego

Will this go much higher?

Where did you get this from? It's 4.39 now.

4.3925 to be exact. As is shown here: nbp.pl

And according to the information here nbp.pl/home.aspx?f=/kursy/kursy_archiwum.html
the rate now is lower than it was in 2009.


Mark's special fantasy land. The same place where he is able to buy a flat despite not having a real job.

At certain times, the polski złoty was even weaker than that, at other times it was stronger. If you believe in speculation and bubbles - and you certainly do as your comments suggesting a bubble on the Polish property prove, than you must believe in bubbles anywhere else, including stock markets and currency markets. If you believe that a bubble may only exist in the property market in Poland, and then not in currency markets, you are inconsistent in your views.

The sentiment on the market is now that investors should run away from curriencies that are not regarded as strong enough. Obviously, all Eastern European currencies are in this basket. I may call the present situation a "reverse bubble" on Polish zloty. Frankly, I don't think it may go beyond the 4,60 for 1 euro as at this stage people should start to buy zloties (I think I myself should start to sell euros soon).

I think the Czech crown should be doing better than the Polish zloty in these hard times for Eastern European currencies.

Not only the Polish zloty is in trouble, but the main stock exchanges in Europe and elsewhere. This reflects a clear distrust of markets into a possible recovery from the crisis. The Footsie-100 in London is down 4.82%, the DAX in Frankfurt is down 4.40%, and the CAC-40 in Paris is down more than 5%. This has followed the Dow Jones Index loosing 2.5% and the Nikkei Index closing down at 2.07% below their opening levels.

Meanwhile, the Ministry of Health in Greece reports that the number of suicides in this country has doubled in the three years from the beginning of the crisis late in 2008.

1 euro = 4,46637049

actually even a little higher than that right now

Most investors are scared because of the possibility of Eurozone break up and/or because of greasy greek sovereign debt default, weak US economy and chinese industrial output going down for the 3rd consecutive quarter, so they are dumping foreign currencies (USA being the centre of the universe) and bought the world's most trusted currency US dollars and also US and German treasury bonds. Even Aussie dollar is now buying just 99 Cents US :(

Actually it is a little bit lower: nbp.pl

OK, maybe in Poland

Thats a fix.

Currently 4.4886. Yesterday a minister said Polands economy would be fine as long as it was below 4.5

15min delayed ticker

Last Trade: 4.4923
Trade Time: 10:58AM EDT
Change: Up 0.0592 (1.33%)

otherwise the debt will break the 55 per cent constitutional limit and budget cuts will be necessary for 2012 - over 1/4 of the Polish debt is owed to foreign financial institutions so we need to pay it back in their currencies

euro 4.51

Chf 3.69

USD 3.35

There will be some buggered people, although I doubt it will stay like this for long.

NBP shows average prices between buy and sell.

I think EUR could go up to 5 PLN soon, but if it reaches such level, will fall down. Honestly I am not sad, I am paid in EUR :P

with the current rise of CHF and EUR
i guess this is hugly affecting home owners in poland
whats is the best currency to for mortgages
and when is it a good time to buy a dom.. Milky

The joint intervention of the NBP and the Ministry of Finance on the market on Friday has brought the zloty down to the 4.39 level against the euro. The central bank said they had done so by selling only a small amount of euros ...

But if the sentiment on the market doesn't improve at least a little bit on Monday, the zloty is certainly bound to undergo another "stress-test" next week, however.


Rather than going higher, "this" has gone much lower. The zloty today at 9:36 is at 4,0676. Surprise, surprise ...

that still quite high.

tititudorancea.com/lib/fx/eur_to_pln_since99.png

Not really. Anyone with a grasp of forex rates knows that the ideal rate is around 3.7 or so. For it to sit at 4:1 is not that bad.

read last week a piece by some esteemed genius in one of the profiteers (ML or such like) that the PLN is irrationally high versus the euro. Should be going the other way, and would in his opinion.

i agree didn't say it was bad

It is absolutely high - there's no justification for it to sit at the level that it is. Anything between 3.5-4 is good - lower than 3.5 and the exporters will suffer, but more than 4 is just artificially weak. With the constitutional limit on debt and a Government that is hell-bent on not exceeding that limit, the Zloty just isn't that weak.

Then again, it's worth what people think it's worth. It wouldn't take much speculation to move it 50gr one way or another.

Yes, but only if that speculation came from the right places (in the same way that prices on the Polish property market are simply not going to collapse by 50+% just because some cretin keeps claiming that they will, no matter how many times he shouts it).

Well, you have to have money to speculate, unlike a certain poster.

(PS : that certain poster appears to have moved back to the US)