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How long can I survive with 60.000 zloty in Poland?


morella 11 | 65  
20 May 2008 /  #1
I would be glad if somebody who is experienced about the life in Poland can give me an idea of how long I can survive with 60.000 zloty in Poland?İt wont include the cost of accommodation, coz ı will have a place for free..and dinners in evenings will be out of charge....in addition ı want to take a polish language course full time for 5 days of week and it will cost about 3000 euro..and this will be the biggest amount of my expenses at once u suppose (ı hope:)....I m thinking about not living so super lux but not so poor too, to visit important cities sometimes, and like ı drinking..so when u r giving ideas if u care the infos ı give here, can u make a approximate guess about how long can ı survive? And do u have an idea about the interest rates in Polish banks for USD and EURO...thank u all for help
telefonitika  
20 May 2008 /  #2
60.000 zloty at todays rates works out at
£14,088
US$ 27,767
Euro 17,718

so you can from this work out how long you can survive on it!

Im sure if you do a search of forum you'll find other answers or wait on some other responses ........
SeanBM 35 | 5,806  
20 May 2008 /  #3
Also look at average monthly wage, that will give you an idea of how much other people not only drink but pay mrtgages,school fees, food etc etc
OP morella 11 | 65  
20 May 2008 /  #4
these are the rates per month righ?I meaned if ı put 60.000 zl I will get 27 USD per month right?it is nothing...And according to my research average monthly wage in Poland is about 1000 zl...so I may have a chance to survive in Poland about 2 years, with the money ı have, even ı pay for the monthly kitchen expenses sometimes....
ForsakenOne - | 38  
20 May 2008 /  #5
1000 zł?

Ha ha ha.

Actualy, it's 3x more: 3033 zł
wot30 3 | 20  
20 May 2008 /  #6
Depends on where you go in Poland and how you want to live. For Warsaw, living alone, I guess you need about 3000 a month to live well. For a village in the country side, 1000 might be enough. Yes, usual wages for shop attendants, etc are only a bit more than 1000. In general I think for two years 60,000 PLN is more than enough!
SeanBM 35 | 5,806  
20 May 2008 /  #7
and like ı drinking..

So do I, a bar down the road sells pints, oops half litres for 350 PLN more or less 1 Euro. Polish beer rocks!!!
But I do not like that bar much, a bit on the old side for me, but very friendly.
Where I drink it costs 4.50 Zloty a pint, groovey vibes and the beer here is stronger than in Ireland, i am sure
sapphire 22 | 1,241  
20 May 2008 /  #8
US$ 27,767

I will get 27 USD per month right

I think you need to get a better grasp of figures if you are to survive at all! There is a huge difference between 27,000 and 27 which is maybe why you are confused.
Krzysztof 2 | 973  
20 May 2008 /  #9
it's really hard to tell how long you can survive on 60,000 zł in Poland, I know people who spend that much in 6 months and people who could live on that money for +4 years, it depends on how much you spend at your home, I guess the differences in prices between Poland and Turkey aren't that big (but I only guess, I've never been to Turkey).
OP morella 11 | 65  
21 May 2008 /  #10
Depends on where you go in Poland and how you want to live. For Warsaw, living alone, I guess you need about 3000 a month to live well. For a village in the country side, 1000 might be enough. Yes, usual wages for shop attendants, etc are only a bit more than 1000. In general I think for two years 60,000 PLN is more than enough!

I m planning to live in Katowice...but the polish course will be in Krakow so ı have to go there daily :( and there will be train ticket costs too...

it's really hard to tell how long you can survive on 60,000 zł in Poland, I know people who spend that much in 6 months and people who could live on that money for +4 years, it depends on how much you spend at your home, I guess the differences in prices between Poland and Turkey aren't that big (but I only guess, I've never been to Turkey).

Yes they r similar at prices...And u know what I was thinking about? The interest rates in Turkey are about %14 in a savings account for Turkish Lira.And it is quite good ratio..and 60.000 zl makes about 34.000 TL.so the interest I can get from a turkish bank monthly is about 400 ytl so it is about 317 USD per month...how is the idea keeping the money in Turkish bank and sending it to Polish bank monthly?will it cost alot this transfere?but anyhow it will much more than the polish bank interests ı think
Krzysztof 2 | 973  
21 May 2008 /  #11
It really depends on the exchange rates of złoty in the future, because it's been becoming always stronger for the last few years (not long ago 1 USD = 3 zł, now it's only 2.20 zł, a British pound from about 6.50-7 zł has fallen down to 4.20 zł, euro is relatively strong, but it also lost to Polish złoty). I'm not expert (or even interested) in exchange rates, so I can't say you what the trends will be in the next 12-24 months.

btw, if you put 60,000 zł in a savings account (for example in ING Bank Śląski), you'd get about 185 zł intersts each month (equal to about 84 USD at current rates). And you will be allowed to take out any amount of your money once a month without losing the interests. So it's about 3.75% a year, those 14% interest in Turkey look much more attractive, but you need to include the inflation in your calculations, if Turkey has a low inflation (3-4%), then it's probably a good idea.

But I'm afraid it's not tha case, here are Polish exchange rates for the Turkish Lira from this year (average values):
lira turecka
Jan, 1 TRY = 2,0892
Feb, 1 TRY = 2,0344
Mar, 1 TRY = 1,8378
Apr, 1 TRY = 1,6784
So it's losing its value, it seems. It has lost 20% since the beginning of the year, so your 14% interests from a Turkish bank would mean -6% (minus 6) in Poland,

If you want to check USD, GBP and Euro rates to Polish złoty, here you can find average monthly rates from this year:

nbp.pl/kursy/archiwum/wagi_archiwum_2007.xls
nbp.pl/kursy/archiwum/wagi_archiwum_2006.xls
nbp.pl/kursy/archiwum/wagi_archiwum_2005.xls

The files are in .xls format, so you need Microsoft Excel (or a similar program) to open them.
OP morella 11 | 65  
21 May 2008 /  #12
Thaks for the detailed information, it is really helpful..And yeah ı see how zloty increased its value according to other currencies
emras78  
28 May 2008 /  #13
i think that i know becouse i am from turkey.60.000 zloty is enough one year in poland.but i move t poland with 60.000 zloty and i wil open buisness learn langauge poliah and same time one year after i will have 45.000 zloty:)

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