USDPLN Live Chart, Exchange Rate & Analysis | Trade USDPLN

Interesting facts about the USDPLN (US Dollar to Polish Zloty)

The Polish zloty was announced as the official currency of Poland in the second half of XVIII. From 1850 to 1917, the country used the Russian ruble as its means of payment. The Polish mark replaced the ruble from 1917 to 1924. However, the zloty was reintroduced in 1924. One zloty had a fixed rate of 100 groszy, or 0.1687 grams of gold, or 1.8 million Polish marks.

It’s worth mentioning that the Polish currency was always subject to enormous price volatility. The Polish zloty suffered strong inflation after the end of World War II and the inflation repeated in the 1980s. A new Polish zloty was introduced in 1995; it replaced the old one at a 1:10,000 ratio. Although Poland is an EU member, it uses its own domestic currency.

There are 10, 20, 50, 100, and 200 zł. in circulation. In 2014, the monetary authority added new security measures to all denominations, except the 200 zł. banknote. The country uses 1, 2, 5, 10, 20, and 50 groszy, and 1, 2, and 5 zł.

The US dollar is a well-known currency used all around the world, even though it’s considered an illegal means of payment in some states. The US dollar is one of the world’s reserve currencies. Along with the Euro and the British pound, the US dollar is a benchmark of the global economic sentiment. Investors consider the USD rate to define whether the risk-on or risk-off sentiment will prevail.

The USD to PLN pair is barely traded on Forex because few investors are aware of the Polish economy and the factors that can either boost or pull the USD/PLN rate down. It is highly recommended to consider the American and European sessions for USD/PLN trading. The volatility of the currency pair increases significantly from 15:00 to 19:00 (GMT+3, indicated in LiteFinance trading platform) when American and European trading sessions overlap.