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USD shooting up so high for PLN


johnny reb 23 | 4,497
30 Dec 2014 #31
quote by W.B. China as the new largest economy of the planet.

quote by W.B: Russia has the largest land mass = largest economy........

Take a deep breath before you post W.Boy.
Wroclaw Boy
30 Dec 2014 #32
Gold is driven by people obsessed by inflation and golds supposed imortal store of value. its bollocks and the Gold freaks are nutters.

I see your point and completely agree.

If that is true then the U.K.'s must REALLY BE FUKCED !

It is.....if the truth be told. A ticking time bomb.
TheOther 6 | 3,821
30 Dec 2014 #33
Eh when one (the U.S) has to spend billions to have proper pollution control and the other guy (China) spend zero and pollutes the enviroment to the point 80% of their water is unfit for animals.

So it's better to not spend any money on pollution control until our drinking water is unfit for animals as well? Short-sighted GOP bulls*hit economics.
Wroclaw Boy
30 Dec 2014 #34
Take a deep breath before you post W.Boy.

Take a look past the delusional patriotism and realise that you are a person and that i am a person living on the same planet next time before you post my man. If China is polluting the atmosphere it effects me, if the US pollutes the atmosphere and uses up the global resources it effects me. We all live on the same planet.

Why are you so worried about China being the global economic powerhouse and Russia the next......Ohh yeah its the US subliminally implanted ego based on the birth lottery. Man i worry about our future with people like you still alive. Move along and let the young ones take over, your generation will never be forgiven for the damage you have caused.
johnny reb 23 | 4,497
3 Jan 2015 #35
And what does that have to do with this thread ?
To get back on thread here.................
quote by Pigsy:

I am wondering to cash the $s or wait for it to go up more,not that anyone can predict but anyone have any ideas if it will keep on going up or its at its peak?

The U.S. dollar is now at a nine year high.
Demand for the dollar goes beyond just the weakness of the euro, the softness of the Chinese economy, the weakness of oil prices and their impact on a many currencies, the emerging market funds, all add up to a stronger dollar.

The euro dollar could still continue the downslide especially if the ESB goes ahead with quantative easing. (QE)
This will not only be limited to the euro but also the Zloty.
quote by CMS:

The government normally buys a load of zloty at the end of the year for political reasons - that will strengthen the zloty a little for a few days but in january i expect 3.65

I would have to agree with you that the zloty will be very close to that in January if not more.
The global economy is on a very thin string right now.
OP pigsy 7 | 305
7 Jan 2015 #36
$ is almost 3.65 today is 3.6456 now:)
Drinksout
8 Jan 2015 #37
Eh when one (the U.S) has to spend billions to have proper pollution control and the other guy (China) spend zero
and pollutes the enviroment to the point 80% of their water is unfit for animals.

The US Department of Defence is one of the world's worst polluters. Its footprint dwarfs that of any corporation.
China was not party to the Kyoto reduction agreement.

If that is true then the U.K.'s must REALLY BE FUKCED !

No the Euro is f@ucked in 2015 the UK has a free floating currency and will be one of Europe's best performers in 2015. I also believe Poland is in deep trouble relying on US FDI increasing from 2016 as EU borders are drawn in black pen.
johnny reb 23 | 4,497
8 Jan 2015 #38
China was not party to the Kyoto reduction agreement.

It shows as their air pollution is off the scale and the ground water is unfit to drink.

No the Euro is f@ucked in 2015

I beg to differ as the UK's economy is on a very very thin string also.
The Euro is at a nine year low while the U.S. dollar is at a nine year high.

the UK has a free floating currency and will be one of Europe's best performers in 2015

Europe's best performer maybe which isn't saying much as bad as Europe is hurting.
Most major currencies are floating currencies. So what is your point ?
A free floating currancy is a currency whose value is determined by the free market.
The value of a floating currency changes constantly depending on the supply and demand for that currency
as well as the amount of the currency held in foreign reserves.
However, floating exchange rates tend to be more volatile depending on the particular currency.
A floating currency may undergo currency appreciation or currency depreciation depending on market fluctuations.
I really don't think there will be any big demand for the GBP in 2015.

I also believe Poland is in deep trouble relying on US FDI increasing from 2016 as EU borders
are drawn in black pen.

Yeah like those black pen borders are just that. If Poland didn't rely on the U.S. Federal Defense Industry then who
would they rely on that would be capable of meeting their needs ? England ? Russia ? the Chi-coms ?
I predict that you will see the Euro drop as low as 106 in 2015 which won't be good for the zloty either.
OP pigsy 7 | 305
8 Jan 2015 #39
I predict that you will see the Euro drop as low as 106 in 2015 which won't be good for the zloty either.

I was also told the same by a wall street worker.

$ touched 3.70 pln today
Monitor 14 | 1,820
15 Jan 2015 #40
Today news is CHF/PLN which increased by 20% in 1h:

CHF vs PLN

The problem with CHF is that around 700000 people in Poland took CHF mortgage. If it stays like that some of them may bankrupt.
JollyRomek 7 | 481
15 Jan 2015 #41
The problem with CHF is that around 700000 people in Poland took CHF mortgage. If it stays like that some of them may bankrupt.

I find that extremely interesting because in 2010, the Swiss government set the exhange rate at minimum of 1 EUR : 1.20 CHF, meaning that the Swiss Franc could never get stronger than 1.20 to the Euro. Obviously, that block must have been lifted, however, i did not hear about that it was at any point.

This may not only be a blow to the Polish home owners who have mortgages in CHF (to be honest, they probably don't deserve otherwise for being that stupid), it could also have a major affect on Swiss retail and export.

When i stayed in Switzerland, the Franc went from 1 - 1:30 to 1 - 1:10 which saw many people exchanging their Francs to Euro and do ther shopping across the border in Germany, France and Italy. It was also the time when the Swiss government decided on the 1 - 1:20.
Monitor 14 | 1,820
15 Jan 2015 #42
Obviously, that block must have been lifted, however, i did not hear about that it was at any point.

Then read today's news: "Swiss National Bank Abandons Minimum Exchange Rate Against Euro"
nytimes.com/2015/01/16/business/swiss-national-bank-euro-franc-exchange-rate.html?_r=0

to be honest, they probably don't deserve otherwise for being that stupid

Partially stupid, partially convinced by banks which adverted CHF as very tempting option, since Poland was to adopt EUR in a year or two and exchange risk would decrease (CHF/EUR changes less than CHF/PLN). Government is also too blame, because they limited number of CHF credits too late.
JollyRomek 7 | 481
15 Jan 2015 #43
Then read today's news: "Swiss National Bank Abandons Minimum Exchange Rate Against Euro"

Thanks for the link!
Swiss guy
16 Jan 2015 #44
Two paragraphs of that article are crucial to understand the move by the Swiss central bank.

The European Central Bank is expected to announce a major new stimulus program next week to pump money into the region's troubled economy, which is creating downward pressure on the euro. That pressure is particularly marked against the dollar, which is rising in part because of a strong United States economy and plans by the Fed to raise interest rates.

If the Europeans undertake such an effort, it would make it that much more expensive for the Swiss to buy enough euros to maintain the value of the franc. So the Swiss leaders' abandonment of its target was taken as a bet that easier money from the European Central Bank is on the way, and potentially on a vast scale.

... potentatially on a vast scale is in turn crucial to those two paragraphs and explain the wisdom of the Swiss bankers to take a move against the stupidity of the ECB.
johnny reb 23 | 4,497
19 Jan 2015 #45
i would be surprised if it stays at this rate for very long.

lol how long you think?I will be in poland now in january hope it stays same or goes up:) thx for the advice though:)

I see the $ hit 3.74 today.
When will you be going to Poland this month Pigsy ?
OP pigsy 7 | 305
19 Jan 2015 #46
I am in Poland 1 week changed twice for 3.65 and 3.70 now my mark is 3.75

got 3.765 yesterday now waiting for 3.80 hopefully.INSHALLAH!:)
johnny reb 23 | 4,497
4 Feb 2015 #47
got 3.765 yesterday now waiting for 3.80 hopefully.INSHALLAH!:)

Doesn't look like it's going to happen Pigsy.
Oil is going back up, gas is going back up, the Euro is going back up, stock market is going back up,
and the exchange rate for the zloty is coming back down. (365 today)
OP pigsy 7 | 305
4 Feb 2015 #48
coming back down. (365 today)

I know,i got 3.635 yesterday,anyway I am done exchanging:) now I do want $ to go down as I will be buying from now not selling:)
Wroclaw Boy
4 Feb 2015 #49
If the Europeans undertake such an effort, it would make it that much more expensive for the Swiss to buy enough euros to maintain the value of the franc.

Cant we just kill all Swiss people, annex their country as some kind of ski resort to be shared by all, then dissolve their banking institutions and use that money to eradicate 3rd world poverty.

I mean what positive purpose do the Swiss actually serve?
OP pigsy 7 | 305
4 Feb 2015 #50
NO NO as a buyer I am getting good deals for there humble deed
Polonius3 1,000 | 12,448
4 Mar 2015 #51
Merged: Why so much PLN for the USD in Poland?

The USD in Poland is now fetching around 3.75 zł which is extremely high. Anyone know why? Ukraine conflict? World oil prices? Something else? In the past when the złoty was losing value the movers and shakers NBP would introduce some measures to bring it up. Why are they not doing it at present?
Szalawa 3 | 248
5 Mar 2015 #52
U.S dollar appears to be strong recently... I don't think it has much to do with Poland.
johnny reb 23 | 4,497
5 Mar 2015 #53
Anyone know why?

It is driven by anticipation of quantitative easing by the European Central Bank.
Stimulus from the ECB has put downward pressure on the euro, the yen, and other currencies, while boosting the dollar.
Looks like it will stay that way the rest of this year hurting my gold stocks bad. :-(

Read more: businessinsider.com/why-the-dollar-is-strong-2015-1#ixzz3TT9AJeEF
jon357 63 | 15,214
5 Mar 2015 #54
Very good for some of us at the moment - the dollar was far lower than it should have been.
Levi_BR 6 | 219
5 Mar 2015 #55
Almost every currency in the world devaluated against the US dollar.

This happens because:

1 - the american government is took back the money re-issued during the quantitative easings post-2008 crisis.
2 - At the same time the European central back is doing their quantitative easing, devaluating the Euro.

So don't worry, it is not a "privilege" of Poland.
jon357 63 | 15,214
6 Mar 2015 #56
As an exporter, an overstrong PLN would be a disaster for Poland. An overly weak PLN also causes issues with imported raw materials. The government acknowledges this.

Poland ended its monetary-easing cycle on Wednesday with a deeper-than-expected rate cut intended to curb deflation and prevent excessive zloty gains as the euro zone begins a massive stimulus programme.

tradingfloor.com/posts/poland-ends-easing-cycle-with-deeper-than-expected-rate-cut-3859188
Wordofmouth
6 Mar 2015 #57
The Polish commercial and residential real estate markets are in such a mess at the moment,it is very unlikely those who bought before 2009 will be selling at these weak currency levels. Although those holding USD/GBP will be finding a reason to buy. Govt support why not.
Polonius3 1,000 | 12,448
8 Mar 2015 #58
On 8th March it was up to 3.81 zł = USD $1!
johnny reb 23 | 4,497
9 Mar 2015 #59
Wroclaw Boy
Dec 22, 2014, 12:13pm ☓ #18
i would personally change your money today at 3.48, don't think its likely to go much higher and i would be surprised if it stays at this rate for very long.

On 8th March it was up to 3.81 zł = USD $1!

SURPRISE !
My guess is that it will stay this way for the most of 2015 with all the plus variables right now.
Monitor 14 | 1,820
10 Mar 2015 #60
On 8th March it was up to 3.81 zł = USD $1!

10th of March and it's 3.90
As mentioned it's not a privilege of Poland, but mostly decision of Eurozone central bank. PLN to EUR is surprisingly stable in past 5 years, fluctuating max 10% away from average: stooq.pl/q/?s=eurpln&c=5y&t=l&a=lg&b=0


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