Last week was very interesting on the currency markets. Over the past few days, we have learned several important macroeconomic reports and reports on the economic, political and economic situation in the world, which meant that the volatility in the global financial markets was quite high. How did the Polish zloty look in recent days against the background of the euro, Swiss franc, pound and US dollar? In the article you will learn, among others
Table of Contents
Forex exchange rates on Sunday, February 13, 2022
Currency pair
Symbol
Exchange rate
update date
Dollar rate USDPLN 3.9993 PLN 20/01/2022, 10:00 hours Euro rate EURPLN 4.5292 PLN 20/01/2022, 10:00 hours GBP rate GBPPLN 5.4356 PLN 20/01/2022, 10:00 hours CHFPLN rate 4, PLN 3445 January 20, 2022, 10:00 a.m.
The euro fell by PLN 0.10
Euro exchange rate fell in the first half of last week by over 10 groszy, thus increasing the range of the ongoing from November 23 last year. depreciation to over PLN 0.26. Such a significant sale meant that for a short time you had to pay for the euro again below PLN 4.50. These declines stopped, however, near the upward trend line, which is the lower limit of the parallel growth channel, where in the second half of last week the common currency rebounded significantly, rising by over PLN 0.04.
The exchange rate of the franc fell by PLN 0.13
The exchange rate of the franc fell in the first half of the last week by over PLN 0.13. The sell-off stopped again around PLN 4.2550, where on Wednesday there was a demand reaction that initiated an upward rebound. In the second half of the week, the Swiss currency rose by almost 9 percent. If these increases continue, we could expect a re-testing of the technical resistance of PLN 4.38 in the near future.
The pound fell by PLN 0.13
The pound rate fell in the first half of last week by more than PLN 0.13. Such a significant sale meant that for a short while the pound had to be paid again at PLN 5.34. In the second half of last week, however, the sterling rebounded significantly, rising by almost 10 groszy. If these increases continue, we could expect to re-test the technical resistance in the amount of PLN 5.49 in the near future.
The dollar fell by 12 cents
Dollar’s exchange rate fell in the first half of last week by almost 12 cents. Such a significant sell-off caused the dollar to fall below PLN 3.95 again. In the second half of last week, however, the performance of the American currency rebounded significantly, rising by over 6 groszy. If these increases continue, we could expect to re-test the technical resistance of PLN 4.05 in the near future.
