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1 euro = 4,46637049 złotego polskiego

posts: 16

milkyThreads: 10 Posts: 1,224 Joined: Oct 26, 09 ♀	Sep 22, 11, 09:37 #1
Will this go much higher?

OlafThreads: 8 Posts: 1,369 Joined: Oct 29, 09 ♂	Sep 22, 11, 09:41 #2
Where did you get this from? It's 4.39 now.

PWEIThreads: 5 Posts: 894 Joined: Jul 28, 11 ♂	Sep 22, 11, 09:54 #3
It's 4.39 now. 4.3925 to be exact. As is shown here: http://nbp.pl/ And according to the information here http://nbp.pl/home.aspx?f=/kursy/kursy_archiwum.html the rate now is lower than it was in 2009. Where did you get this from? Mark's special fantasy land. The same place where he is able to buy a flat despite not having a real job.

♂

Sep 22, 11, 09:58 #4

At certain times, the polski złoty was even weaker than that, at other times it was stronger. If you believe in speculation and bubbles - and you certainly do as your comments suggesting a bubble on the Polish property prove, than you must believe in bubbles anywhere else, including stock markets and currency markets. If you believe that a bubble may only exist in the property market in Poland, and then not in currency markets, you are inconsistent in your views.

The sentiment on the market is now that investors should run away from curriencies that are not regarded as strong enough. Obviously, all Eastern European currencies are in this basket. I may call the present situation a "reverse bubble" on Polish zloty. Frankly, I don't think it may go beyond the 4,60 for 1 euro as at this stage people should start to buy zloties (I think I myself should start to sell euros soon).

I think the Czech crown should be doing better than the Polish zloty in these hard times for Eastern European currencies.

♂

Sep 22, 11, 15:36 #5

Not only the Polish zloty is in trouble, but the main stock exchanges in Europe and elsewhere. This reflects a clear distrust of markets into a possible recovery from the crisis. The Footsie-100 in London is down 4.82%, the DAX in Frankfurt is down 4.40%, and the CAC-40 in Paris is down more than 5%. This has followed the Dow Jones Index loosing 2.5% and the Nikkei Index closing down at 2.07% below their opening levels.

Meanwhile, the Ministry of Health in Greece reports that the number of suicides in this country has doubled in the three years from the beginning of the crisis late in 2008.

AngelNCThreads: 3 Posts: 106 Joined: Dec 19, 07 ♀	Sep 22, 11, 15:46 #6
1 euro = 4,46637049 actually even a little higher than that right now http://finance.yahoo.com/currency-converter/#from=EUR;to=PLN;amt=1

♀

Sep 22, 11, 15:57 #7

Most investors are scared because of the possibility of Eurozone break up and/or because of greasy greek sovereign debt default, weak US economy and chinese industrial output going down for the 3rd consecutive quarter, so they are dumping foreign currencies (USA being the centre of the universe) and bought the world's most trusted currency US dollars and also US and German treasury bonds. Even Aussie dollar is now buying just 99 Cents US :(

PWEIThreads: 5 Posts: 894 Joined: Jul 28, 11 ♂	Sep 22, 11, 16:03 #8
1 euro = 4,46637049 actually even a little higher than that right now Actually it is a little bit lower: http://nbp.pl/

AngelNCThreads: 3 Posts: 106 Joined: Dec 19, 07 ♀	Sep 22, 11, 16:20 #9
Actually it is a little bit lower: http://nbp.pl/ OK, maybe in Poland

peterwegThreads: 35 Posts: 1,989 Joined: Feb 16, 07 ♂	Edited by: peterweg Sep 22, 11, 16:51 #10
OK, maybe in Poland Thats a fix. Currently 4.4886. Yesterday a minister said Polands economy would be fine as long as it was below 4.5 15min delayed ticker http://finance.yahoo.com/q?s=EURPLN%3DX

peterwegThreads: 35 Posts: 1,989 Joined: Feb 16, 07 ♂	Sep 22, 11, 16:59 #11
Last Trade: 4.4923 Trade Time: 10:58AM EDT Change: Up 0.0592 (1.33%)

gumishuThreads: 17 Posts: 3,943 Joined: Apr 6, 09 ♂	Sep 22, 11, 17:01 #12
Currently 4.4886. Yesterday a minister said Polands economy would be fine as long as it was below 4.5 otherwise the debt will break the 55 per cent constitutional limit and budget cuts will be necessary for 2012 - over 1/4 of the Polish debt is owed to foreign financial institutions so we need to pay it back in their currencies

peterwegThreads: 35 Posts: 1,989 Joined: Feb 16, 07 ♂	Sep 22, 11, 18:46 #13
euro 4.51 Chf 3.69 USD 3.35 There will be some buggered people, although I doubt it will stay like this for long.

adnarThreads: - Posts: 22 Joined: Sep 18, 11 ♂	Sep 22, 11, 19:53 #14
NBP shows average prices between buy and sell. I think EUR could go up to 5 PLN soon, but if it reaches such level, will fall down. Honestly I am not sad, I am paid in EUR :P

rt3dThreads: 18 Posts: 56 Joined: Mar 9, 08 ♂	Sep 22, 11, 23:43 #15
with the current rise of CHF and EUR i guess this is hugly affecting home owners in poland whats is the best currency to for mortgages and when is it a good time to buy a dom.. Milky

ZiemowitThreads: 10 Posts: 1,063 Joined: May 8, 09 ♂	Sep 24, 11, 20:21 #16
The joint intervention of the NBP and the Ministry of Finance on the market on Friday has brought the zloty down to the 4.39 level against the euro. The central bank said they had done so by selling only a small amount of euros ... But if the sentiment on the market doesn't improve at least a little bit on Monday, the zloty is certainly bound to undergo another "stress-test" next week, however.

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