Type of transactions
|FX Spot||FX Forward|
|Delivery date: T; T+1; T+2||Maximum maturity: 12 months|
|Liquidity: Good||Liquidity: Good|
EUR/PLN parity: liquidity schedules (GMT)
Did you know?
- 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 EUR.
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.
There are no special restrictions on the purchase and sale of PLNs.
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.
Payments in PLN to Poland
- The IBAN format is mandatory. Payment instructions must contain the full name of the beneficiary.
|Public Holidays 2018 (subject to change)|
|New Year’s Day||1 January||Corpus Christi||31 May|
|Epiphany||6 January||Assumption Day||15 August|
|Easter Monday||2 April||All Saint’s Day||1 November|
|Labour Day||1 May||Christmas||25 December|
|Constitution Day||3 May||Christmas Holiday||26 December|