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1 euro = 4,46637049 złotego polskiego


milky 13 | 1,657
22 Sep 2011 #1
Will this go much higher?
Olaf 6 | 956
22 Sep 2011 #2
Where did you get this from? It's 4.39 now.
PWEI 3 | 612
22 Sep 2011 #3
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.

Where did you get this from?

Mark's special fantasy land. The same place where he is able to buy a flat despite not having a real job.
Ziemowit 13 | 3,783
22 Sep 2011 #4
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.
AngelNC 2 | 85
22 Sep 2011 #5
1 euro = 4,46637049

actually even a little higher than that right now
AussieSheila 5 | 75
22 Sep 2011 #6
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 :(
PWEI 3 | 612
22 Sep 2011 #7
1 euro = 4,46637049

Actually it is a little bit lower: nbp.pl
AngelNC 2 | 85
22 Sep 2011 #8
OK, maybe in Poland
peterweg 36 | 2,316
22 Sep 2011 #9
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%)
gumishu 11 | 5,142
22 Sep 2011 #10
Currently 4.4886. Yesterday a minister said Polands economy would be fine as long as it was below 4.5

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
peterweg 36 | 2,316
22 Sep 2011 #11
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.
adnar - | 17
22 Sep 2011 #12
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
rt3d 10 | 46
22 Sep 2011 #13
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
Ziemowit 13 | 3,783
24 Sep 2011 #14
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.

Will this go much higher?

Rather than going higher, "this" has gone much lower. The zloty today at 9:36 is at 4,0676. Surprise, surprise ...
OP milky 13 | 1,657
22 Aug 2012 #15
4,0676. Surprise, surprise ...

that still quite high.

tititudorancea.com/lib/fx/eur_to_pln_since99.png
delphiandomine 83 | 17,881
22 Aug 2012 #16
that still quite high.

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.
irishlodz 1 | 135
22 Aug 2012 #17
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.
OP milky 13 | 1,657
22 Aug 2012 #18
For it to sit at 4:1 is not that bad.

i agree didn't say it was bad
delphiandomine 83 | 17,881
22 Aug 2012 #19
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.

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.
Harry
22 Aug 2012 #20
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).
delphiandomine 83 | 17,881
22 Aug 2012 #21
Well, you have to have money to speculate, unlike a certain poster.

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


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