About USD/PLN
USD/PLN quotes the Polish zloty against the US dollar, though the zloty’s primary reference is the euro, since the euro area is Poland’s dominant trading partner. Much of this pair’s movement therefore comes from EUR/USD rather than from anything specific to Poland. Poland is an EU member outside the euro area with its own central bank and its own rate cycle.
What Moves USD/PLN?
EUR/USD
A large share of the movement in this pair originates in the euro-dollar rate rather than in the zloty itself.
The National Bank of Poland
Polish rate decisions and the gap between NBP and ECB policy drive the zloty leg.
Euro-area growth
Polish exports are closely integrated with euro-area manufacturing, especially Germany’s.
Regional risk premium
Central European currencies carry a risk premium that widens in periods of geopolitical stress, and Poland’s position makes this a recurring factor.
Trading USD/PLN
Prices on this page come from our own market feed. The chart, the 52-week range and the performance figures are measured from our own daily closes, and any figure our history cannot support is withheld rather than estimated. Nothing here is a recommendation or a forecast β see our methodology for how each figure is produced.