On Thursday, May 26, 2022, the exchange rates on the market showed mixed results against the zloty. The euro and the pound are oscillating around the reference point, while the strongest currency against the PLN is today the franc, which is gaining 0.38%. The dollar is the weakest – the US currency is 0.33% below the mark. Check how much EUR / PLN, dollar USD / PLN, pound GBP / PLN and franc CHF / PLN cost before the end of Thursday’s trading session.
The dollar exchange rate returns to declines after yesterday’s upward session
EUR / PLN consolidates during today’s session
The pound rate also remained unchanged
CHF / PLN is the strongest on Thursday and adds almost PLN 0.02
Currency pair
Course
Name
EUR / PLN 4.6000 euro USD / PLN 4.2910 dollar GBP / PLN 5.4040 pound CHF / PLN 4.4720 franc.
Table of Contents
The dollar (USD / PLN) exchange rate is the weakest against the zloty
The dollar returns to declines after yesterday’s upward session. During today’s session the US currency broke the round barrier of PLN 4.30 and fell down. From a technical analysis point of view, the dollar broke the 50-day exponential moving average (EMA) on Monday, which is an additional sign of weakness. The nearest key support is only at PLN 4.1570. In the longer term, however, the dollar should continue to strengthen against the zloty, which confirms the hawkish attitude of the Fed and further interest rate hikes in the United States. It is also worth taking into account the ongoing conflict between Russia and Ukraine – the exchange rate of the zloty is more dependent on the course of the war.
The euro exchange rate (EUR / PLN) is consolidating around the round level of PLN 4.60
The euro exchange rate is traded today without major changes. Looking at the EUR / PLN chart, we can see that the rate is already below the zone between the 50-day EMA and an important support at PLN 4.6150, where the common currency has been consolidating for a long time. Analyzing the previous moves, we see that the euro exchange rate rebounded from the support at PLN 4.4890 and recorded a rally in which it gained over 50 groszy within two weeks. The single currency only stopped when the psychological barrier was below PLN 5.00.
The pound exchange rate (GBP / PLN) is approaching PLN 5.40 on Thursday
The pound is losing just 0.08 percent today. The British currency, after a period of consolidation between the 50-day EMA and the support at PLN 5.4590, broke the second level a few days ago and headed south. Today’s session brings a continuation of losses by the pound. The nearest key support is at PLN 5.3200.
The pound, like other currencies, took advantage of the zloty’s weakness after the conflict between Russia and Ukraine. As a result, after a strong rebound from the key support at PLN 5.3200, it started a series of increases in mid-February. The GBP / PLN exchange rate stopped only near the circular barrier of PLN 6.
The franc (CHF / PLN) is returning to the important support and resistance zone
The franc exchange rate – similarly to the dollar, euro and pound – stabilized in April and is now trying to strengthen against the Polish currency. Looking at the chart, we can see that the rate – after the consolidation at the beginning of this week – is rising today and is already trading in the support and resistance zone at PLN 4.4440 – PLN 4.4880.
