In reaction to the US CPI inflation report published last Tuesday, the US currency rose. The slower than expected decline in the growth rate of consumer prices increased the chances for the third consecutive increase in the federal funds rate by 75 basis points. If this happens, the dollar could rise to the highest level in history against the Polish zloty in the near future. However, we will not know the Fed’s monetary decision until Wednesday. But what are the current rates of the Polish zloty, euro, dollar, franc and pound?
Table of Contents
Forex exchange rates on Sunday, September 18, 2022
Currency pair
Symbol
Exchange rate
update date
Dollar exchange rate USDPLN 4.4.7104 PLN 18/09/2022, 4:00 pm Euro exchange rate EURPLN 4.7182 PLN 18/09/2022, 4:00 pm GBP / PLN exchange rate 5.3811 PLN 18/09/2022, 4:00 pm CHFPLN exchange rate PLN 4.8858 on September 18, 2022, at 4:00 p.m.
The euro increased by 2.5 groszy
Euro exchange rate last week increased by over PLN 0.04. This increase made the quotations of the single currency return to the area of technical resistance in the amount of PLN 4.7250, where at the end of the week there was a slight supply reaction, reducing the range of the mentioned appreciation to 2.5 grosz. If the currently tested resistance was rejected, the euro rate could drop even to the level of PLN 4.66.
Euro exchange rate to Polish zloty (EURPLN) | Source: TradingView
The franc exchange rate increased by PLN 0.20
Franc exchange rate last week increased by over PLN 0.09, extending the range of the ongoing from 2 September this year. appreciation to nearly PLN 0.20. Such a significant increase meant that on Thursday you had to pay for the franc over PLN 4.9660. On the same day, however, a strong supply pressure appeared, as a result of which the Swiss currency plunged by almost PLN 0.08. If this trend continues, the exchange rate of the franc could fall even to the level of PLN 4.79. It is worth remembering, however, that over the next week there will be a meeting of the Swiss National Bank (SNB). If political decision-makers decide to raise interest rates again, the quotations of the Swiss currency could increase even above PLN 5.
Swiss franc to Polish zloty (CHFPLN) | Source: TradingView
The pound fell by 38 cents
The pound rate in the first half of the last week it increased by almost PLN 0.06. In the second half of the week, however, there was a strong supply pressure, as a result of which the sterling fell by nearly 10 worse, widening the range of declines lasting from July to almost PLN 0.18 and sliding to the lowest level since mid-June this year. It is noteworthy that this sale contributed to overcoming technical support in the amount of PLN 5.40, which may drive further drops towards PLN 5.3450, go even PLN 5.3150.
Pound to Polish zloty exchange rate (GBPPLN) | Source: TradingView
The dollar is moving towards PLN 4.81
The dollar exchange rate dropped by almost PLN 0.07 at the beginning of last week, extending the range of the session lasting from September 7 this year. depreciation to over 19 groszy. In reaction to the US CPI inflation report published on Tuesday, the US currency rose by over PLN 0.14. If this rise continues, the dollar could return to the area of PLN 4.81. Another interest rate hike may contribute to this increase. Fed, which will probably be announced next Wednesday at 20:00 Polish time.
Dollar exchange rate to Polish zloty (USDPLN) | Source: TradingView. Follow us on Google News. Search for what’s important and stay up to date with the market! Watch us >>
