Polish Zloty

PLN

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Currency Reference Centre

Available Currency Pairs

EURPLN

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USDPLN

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GBPPLN

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CHFPLN

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AUDPLN

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CADPLN

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NZDPLN

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PLNAED

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PLNCNY

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PLNCZK

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PLNDKK

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PLNHKD

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PLNHUF

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PLNILS

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PLNJPY

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PLNMXN

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PLNNOK

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PLNRON

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PLNSEK

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PLNTHB

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PLNZAR

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SGDPLN

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Transaction Types

FX SPOT
Delivery date: T+1; T+2
Liquidity: high
FX FORWARD
Maximum maturity: 24 months
Liquidity: high

Did You Know?

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Monetary policy

  • Narodowy Bank Polski (NBP) is the central bank of Poland. Its objective is to maintain non-inflationary growth in the country, with an annual target price increase of 2.50%.
  • Price setting method: the floating exchange rate is described as "supervised". NBP reserves the right to intervene punctually on the market, in order to influence the value of the PLN - in particular against the euro.
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Features and highlights

  • Złoty is one of the most liquid currencies in central and eastern Europe. In March 2017, the Polish government reaffirmed its desire to maintain its national currency and its current refusal to join the eurozone.
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Expert opinion

  • While złoty is still considered an emerging currency, it remains less volatile against the Euro than other currencies in the region. We also note the stability of the EUR/PLN parity since 2009.
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Regulations

There are no special restrictions on the purchase and sale of PLNs.

Important Information

PAYMENTS IN PLN TO POLAND

The IBAN format is mandatory. Payment instructions must contain:

  • The full name of the beneficiary.

Keep In Mind

PUBLIC HOLIDAYS

New Year’s Day 1 Jan
Easter Monday 2 Apr
Constitution Day 3 May
Assumption Day 15 Aug
Christmas 25 Dec
Epiphany 6 Jan
Labour Day 1 May
Corpus Christi 31 May
All Saint’s Day 1 Nov
Christmas Holiday 26 Dec

When a holiday falls on a weekend, the next business day becomes a holiday

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