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Zloty exchange rates?

posts: 6

rd18mThreads: 2 Posts: 5 Joined: Jun 24, 11 ♂	Jun 30, 11, 14:15 #1
Been looking to exchange GBP to Zloty but can only seem to get around 3.9PLZ to the pound. Would it be better to exchange the money when in Poland than it is at home? Cheers

grubasThreads: 20 Posts: 1,452 Joined: Feb 1, 10 ♂	Jun 30, 11, 14:28 #2
Yes you would.

alexw68

Edited by: alexw68 Jun 30, 11, 14:34 #3

grubas:

Yes you would.

Specifically, wait until you get to the centre of town (NOT the airport or hotels - even forget the banks) and go to a Kantor. If you have a significant amount to trade (eg EUR 200 and up) you can get a better spread than the one advertised on the door, which is usually for 100 EUR notional.

For EUR 500 and up, you should be looking to get about 5 groszy off the FX market rate, which you can find here.

EXAMPLE: I want to sell 500 GBP and the current rate is 4.41 according to the link. I should be holding out for 4.36, even though the advertised rate is probably going to be nearer 4.30. The banks will be offering around 4.25.

newinpolandThreads: - Posts: 4 Joined: Jun 30, 11 ♂	Jun 30, 11, 14:53 #4
@alexw68, thanks for the info about kantor.

♂

Jul 2, 11, 12:10 #5

Locally in the city centre at the moment, the GBP seems weak, at near its weakest ever against the PLN. The boards are saying they will give you 4 zloty 25 gr per one UK pouund (ie £1=4.25zl). Just a few days ago it was 4.41zl

This may be the result of the Bank of England's numpty Mervyn King - listen to what he said to the Commons' Select Committee. A major face palm moment, although he may just be trying to devalue the pound to boost UK exports (a policy that has not worked so far in 2 years). If the BoE continues to keep base rates at 0.5pc and talk of money-printing again, well... it ain't rocket science. Question is, what will really happen given the Greek and other factors?

♂

Jul 9, 11, 03:17 #6

Merged: Zloty Exchange Rate

Hiyaz. I can't believe that there is no "sticky" about current exchange rates for polish currency. I've found PLENTY of small posts about the latest exchange rates, but these age very fast.

Anyway, I'm trying to predict the direction of the polish zloty. Is it weakening or strengthening? I've found this:
http://www.ratesfx.com/predictions/pred-pln.html

Currently (July 2011) I would get 2.9zl for 1AUD. So I'm trying to determine whether to send capital now (while its high) or wait it out and see what will happen in 12 months when I go to Poland.

Advice?

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