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conversion rate. What do you do with the euro and the dollar? Experts suggest

conversion rate.  What do you do with the euro and the dollar?  Experts suggest

By observing the situation on the market in recent weeks, a relative stability of the euro and dollar exchange rates can be observed. Previously, the fluctuations were much larger. So the question is Isn’t it the right time, for example, to get rid of foreign currencies and make possible profits? Especially in the case of people who took advantage of lower prices before the start of the holiday season and in the early days of the war.

Not so long ago, you could buy a euro for 4.60 or even 4.50 zlotys. On Tuesday, the exchange rate exceeded PLN 4.70.

There is a much bigger difference in the US currency. In February, the dollar was below PLN 4, and at the beginning of June about 4.30 PLN. Now it is equal to the euro, and even slightly higher than it.

The zloty remains under pressure

The determining factor for the zloty in the near future will be inflation trends in the world, and less in Poland. It will directly affect the movements of foreign central banks, especially American and European banks, but also, for example, Czech banks. If inflation continues at high levels there and interest rates continue to rise, they should also rise in Poland, notes ukasz Wardyn, an expert at CMC Markets, in an interview with Business Insider.

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