Poland

PLN - Polish Zloty
Convertible: Yes - Transferable: Yes - Exchange rate regime: Floating
Poland

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)

EUR/PLN parity: liquidity schedules (GMT)

Did you know?

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 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.

Regulations

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

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.

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