USD/PLN Forex Trading
Poland is a rapidly growing European economy with a lot to offer, so its currency is very popular among traders. Interested? Start trading USD/PLN with FXOpen today!
USD/PLN Live Charts
Use our USD/PLN live charts to get the most up-to-date insight into the recent performance of this pair and other currency pairs used in forex trading. It can help you make informed decisions at home or on the go – no matter if you use the TickTrader desktop platform, web terminal, or mobile app. Our real-time FX USD/PLN chart includes the very latest price, historical data, and technical analysis tools to help guide your next trade.
What Is USD/PLN Trading?
The USD/PLN currency pair measures the US dollar (USD), the world’s leading currency, in terms of
Polish zloty (PLN). It has significant trading volumes; therefore, it’s very interesting for
traders. The USD/PLN FX pair exchange rate corresponds to the amount of PLN required to buy one US
dollar.
The legal tender of the United States is the US dollar; it has been in circulation since the late
18th century. The US dollar was originally defined under a bimetallic standard of fine silver and
fine gold. Today, the value of the US dollar is determined by the overall balance of supply and
demand. Supply and demand are affected by inflation, interest rates, capital flows, and the money
supply. In recent years, the Federal Reserve implemented various measures to manage inflation and
ensure economic stability. The USD is ranked the most traded currency in the forex market by daily
volume.
The Polish zloty (PLN) is the national currency of Poland and it is issued and managed by the
country’s central bank. Although the zloty has a history dating back to the early 20th century, it
has undergone various changes over time. In forex markets, the zloty is free-floating, which means
it is not pegged to any other currency.
The USD to PLN pair presents compelling opportunities, with the zloty underpinned by a robust
economy.
USD/PLN Historical Performance
Although in forex, USD/PLN is a minor currency pair, it’s still capable of generating exciting
trading opportunities. Moreover, FXOpen offers very competitive spreads and excellent liquidity,
which makes USD/PLN trading even more attractive.
During the 2008 financial crisis, Poland’s economy remained stable, and the country was able to
steer clear of a recession. In the middle of 2008, the pair traded around 2. After, the PLN lost
its strength against the US dollar, and the pair formed a solid uptrend.
Looking back ten years, at the performance in 2013, the average exchange rate was 3.15. In the
pandemic years, 2020-2021, the price fluctuated between the lowest of around 3.61 and the
highest of around 4.28. In 2022, USD/PLN surged above 5.
Major Factors That Affect the USD/PLN Pair
The economy of Poland is considered quite strong thanks to its diversification. The majority of
Poland’s GDP is generated through its trade with other EU countries. Its key exports are motor
vehicles and related parts, as well as refined petroleum. A decline in demand from key partners,
particularly Germany, could harm the value of the Polish zloty.
The USD to PLN pair has an uncertain future. Poland, although a European Union member state,
hasn’t adopted the Euro as its official currency, but there is still a probability it will. Any
decisions that suggest Poland’s adoption of the Euro are likely to significantly affect the
zloty’s value. Traders should also pay attention to Poland’s relationship with other EU member
states as it has a significant impact on USD/PLN.
Several economic factors can contribute to the change in the US dollar rate, including changes
in monetary policy, inflation, and fluctuations in currency demand. Once the Fed turns to an
accommodative monetary policy, the USD can weaken. This will support the PLN against the US
dollar.