The Euro (EUR) and the Polish Złoty (PLN) form the currency pair EUR to PLN, or sometimes referred to as EURPLN. This is one of the most popular currency pairs in forex trading due to Poland's strong economic growth and its proximity to other European countries.
The current exchange rate for this pair is very volatile, with the EUR appreciating against the PLN since 2011. Traders should be aware of this volatility when trading this currency pair and must use risk management measures to protect their capital. This includes using stop-loss orders and taking into account any economic news that may affect the exchange rate in the short or long term.
The EUR to PLN currency pair has fluctuated significantly over the years. The highest value of 1 Euro was recorded in Mar 2022, when it reached 4.895 Polish Złoty (PLN). On the other hand, the lowest value for this pair was observed in July 2008, when 1 Euro was worth just 3.203 Polish Złoty (PLN).
As of May 2023, the EUR to PLN currency pair is trading at 4.5, a slight decline from its all-time high. The fluctuations in the exchange rate of this pair are largely due to macroeconomic and geopolitical factors such as economic growth prospects, inflation outlooks, and trade relations between the two countries. By understanding these underlying factors, investors may be able to better predict the direction of the EUR to PLN currency pair.
The Euro and Polish Złoty (EURPLN) currency pair is a popular choice amongst traders due to the large liquidity in the market, tight spreads and low transaction costs. The EURPLN represents the two largest economies in Central Europe – Germany and Poland, which are both members of the European Union.
In addition to the EURPLN, traders should also consider other currency pairs when trading. The Euro is the second most traded currency in the world, and there are numerous other pairs involving the Euro that offer different opportunities for traders. These include EURUSD (Euro/US Dollar), EURGBP (Euro/British Pound) and EURCAD (Euro/Canadian Dollar). By looking at a variety of currencies, traders can gain exposure to different markets and diversify their trading portfolios.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.