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Savings advice in Poland ..any views would be appreciated.


SmokeyoneThreads: 18
Posts: 63
Joined: Oct 25, 07 		  May 31, 09, 09:01 /  #
Hello
I travel to Poland from the UK around every other month. About a year ago I opened a savings account in zl and each time I visit Poland I change sterling for zl, some for expenses and some I put in the savings account.
Would you carry on doing this as the exchange rate is almost 5 zl to the pound - my thought was that if the rate nose dived again then I could withdraw the zl each time I visit to use as expenses but maybe at 5 zl to the pound I should just carry on saving. Of couse I would guess in the years to come Poland would join the euro and then my zl would be converted at an official fixed rate.
Any views would be appreciated.........
Thanks
terriThreads: 1
Posts: 329
Joined: May 3, 09 		  May 31, 09, 11:11 /  #
I would carry on doing this. The best time to put money into your Polish bank account is when the exchange rate is 5zl or more, then put as much as you can in.
You withdraw the money from your account when zl is 4.00 or less.
Simple mathematics.
SmokeyoneThreads: 18
Posts: 63
Joined: Oct 25, 07 		  May 31, 09, 15:03 /  #
Just what I was thinking but worse case scenario is the exchange rate keeping climbing -
next year 6zl the year after 7zl etc or is that just daydreaming ----
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