USD/PLN
USD/PLN
4.4196
High: 4.4196
Low: 4.4196
Market Mood
The ratio of the number of bought and sold lots based on the trading volume
The data is updated every 10 minutes
Trader`s mood
The ratio of the number of buy and sell deals, excluding their volume
The data is updated every 10 minutes
Currency pair USD - Polish zloty (USD / PLN).
The US economy is the largest global economy in terms of GDP, while the US has the largest public debt. The dynamics of these indicators has a strong influence on the US dollar rate, and through it, b as a whole, on the situation in the world economy. In addition, the US dollar is the main world reserve currency, and US government bonds are considered one of the most conservative and reliable instruments for investment.
The economy of Poland is closely connected with the European economy. The main export destinations are Germany, Czech Republic and Great Britain. The largest volume of imports comes from Germany, China and Russia. In recent years, exports have exceeded imports, forming a positive foreign trade balance. Although Poland's transition to the euro was planned as far back as in 2012, the country's government still manages to evade the introduction of a pan-European currency. At present, even the terms and conditions for such a transition have not been determined.
The trade turnover between the US and Poland has been steadily growing in recent years, and Poland has a share of 2.5-3%. All these economic indicators are influenced by the volatility of the currency pair USD zloty in trading on Forex.
The USD / PLN currency pair is built on the principle of direct quotation. The base currency is USD, the US dollar, and quoted - PLN, Polish zloty. The growth of the currency pair means the strengthening of the US dollar against the Polish zloty, that is, to buy one USD, more PLN is required. A decrease in the exchange rate indicates a strengthening of the PLN. Using the current exchange rate chart, you can monitor the volatility of the currency pair in real time.
The American dollar - (currency sign - $, bank code: USD) - is the national currency in the United States, one of the main reserve currencies in the world. The right of monetary issue is governed by the Federal Reserve System, which performs the functions of the Central Bank.
Polish zloty - (bank code: PLN) - the national currency of the Republic of Poland. The zloty is issued by the National Bank of Poland
FAQ
- How to trade Forex USD/PLN?
Various cryptocurrency exchanges enable you to purchase USD/PLN . However, you must create an account, provide identification, and link a payment method such as a bank account or credit card to utilize these exchanges. Alternatively, you can use peer-to-peer marketplaces, which allow you to purchase USD/PLN directly from other buyers and sellers using different payment methods
- Which platform is better to trade?
Multiple forex trading platforms are widely used. The most prevalent ones are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which have established themselves as the industry norm. Additionally, Ctrader enables you to trade directly with global banks, create trading advisors with ease, and copy trades.
- What is the forex trend USD/PLN?
When trading the USD/PLN, it is essential to keep an eye on the exchange rates, which can be monitored through charts and other analytical tools. As with any currency, the USD/PLN can be subject to fluctuations in value, making it important for traders to stay informed about the latest market news and trends.