PLN To USD: Convert Polish Zloty to United States Dollar - Forbes Advisor (2024)

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PLN To USD: Convert Polish Zloty to United States Dollar - Forbes Advisor? ›

1 PLN = 0.246732 USD Apr 22, 2024 20:06 UTC

Will US Dollar get stronger against Polish Zloty in 2024? US Dollar is expected to drop by -0.32% against the Polish Zloty by the end of 2024, as the PLN/USD rate is expected to reach $ 0.246698.

Poland's zloty led the region in 2023 by rising nearly 8% against the euro, with the bulk of those gains coming after a broad alliance of pro-European Union parties won a majority in an October election.

The Polish Zloty is expected to trade at 4.05 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.26 in 12 months time.

One of the reasons for the zloty's decline since February 2022 is the outbreak of war in neighbouring Ukraine, which has had significant negative impacts on the Polish economy.

The Polish economy grew by 0.2% in 2023, slightly less than projected in the Autumn Forecast. Net exports contributed positively to growth as imports fell more than exports. Investment accelerated amid culmination of EU funding from the 2014-20 programming period.

Poland fared far better than most of its emerging European neighbors during the global financial crisis. It is the only EU economy to have escaped outright recession, helped by resilient domestic demand and more limited exposure to the decline in world trade.

External factors – particularly the earlier sharp fall in global commodity prices and low price growth in the environment of the Polish economy – continue to be the main sources of deflation.

How much is $20 US worth in Poland? ›

How much is 700 Polish Zloty in US Dollar? - 700 PLN to USD (700 Polish Zloty to US Dollar) is 172.11 USD with exchange rate 0.2459 for today.

How much is 1500 Polish Zloty in US Dollar? - 1500 PLN to USD (1500 Polish Zloty to US Dollar) is 370.83 USD with exchange rate 0.2472 for today.

How much is 600 Polish Zloty in US Dollar? - 600 PLN to USD (600 Polish Zloty to US Dollar) is 148.90 USD with exchange rate 0.2482 for today.

We expect 2024 to be a year of diverging trends for the dollar. It will likely move lower on a broad trade-weighted basis early in the year but stabilize as the year progresses. Although we expect a general downward drift for the dollar, performance of individual currencies will likely vary widely.

Shrugging off a weakening trend late last year, the dollar has gained against nearly every currency tracked by traders and investors, and is up nearly 2.5% for the year. Much of the greenback's recent strength is based on stronger-than-expected U.S. economic performance and receding calls for early Fed rate cuts.

The US Dollar Index, which now stands at its highest level in six months, has been buoyed by a slew of positive economic data from the United States in recent weeks — fueling expectations that the Federal Reserve will keep interest rates higher for longer.