On Wednesday, November 6, 2024, after 1:20 p.m., the exchange rates of the National Bank of Poland (NBP) are as follows: US dollar (USD/PLN) costs PLN 4.0595, euro (EUR/PLN) PLN 4.3662, Swiss franc (CHF/PLN) PLN 4.6437 and pound sterling (GBP/PLN) PLN 5.2368.
- Today, the zloty basket is losing significantly against the main currencies
- The euro exchange rate stabilizes at PLN 4.36, and the US dollar rises above PLN 4.07
- The franc costs PLN 4.64 and the pound drops to PLN 5.23
Wednesday’s NBP currency rates for the main zloty pairs are presented below:
Currency pair
Symbol
Exchange rate
Update date
course to dollar
USD/PLN 4.0595 PLN 06/11/2024 13:20
Euro rate
EUR/PLN 4.3662 PLN 06/11/2024 13:20
Pound exchange rate
GBP/PLN 5.2368 PLN 06/11/2024 13:20
Franc exchange rate
CHF/PLN 4.6437 PLN 06/11/2024 1:20 p.m.
Source: own study based on NBP data
PLN exchange rate on Wednesday, November 6, 2024.
On Wednesday, November 6, 2024, the Polish zloty is losing heavily against the main currencies, and its basket is overvalued by 0.19%. Donald Trump won the US presidential election and on January 20 he will become the 47th president of the United States. In response to this, the dollar exchange rate is gaining significantly in value, and the zloty is experiencing the strongest daily depreciation in months.
The rest of the article below the video
PLN basket against major currencies Source: Stooq
The EUR/PLN exchange rate is rising by 0.16% today, setting daily maximums of PLN 4.3756 and minimums of PLN 4.3520. The euro rates continue to rebound, oscillating around PLN 4.36.
The USD/PLN exchange rate is strengthening by 2.15% during this time, setting daily maximums of PLN 4.0875 and minimums of PLN 3.9824. The dollar is gaining the most in many months, and the market is waiting for the first announcements from President-elect Donald Trump.
CHF/PLN quotations are gaining 0.57% today. The daily maximums are PLN 4.6757 and the minimums are PLN 4.6165.
The GBP/PLN exchange rate increases by 0.10%. The daily maximum is PLN 5.2523 and the minimum is PLN 5.2191.
How much is the euro, dollar, pound and franc:
Currency name Currency code Mid-bait rate (Thailand) 1 THB 0.1188 US dollar 1 USD 4.0595 Australian dollar 1 AUD 2.6736 Hong Kong dollar 1 HKD 0.5221 Canadian dollar 1 CAD 2.9199 New Zealand dollar 1 NZD 2.4231 Singapore dollar 1 SGD 3.0521 euro 1 EUR 4.3662 forint (Hungary) 100 HUF 1.0628 Swiss franc 1 CHF 4.6437 pound sterling 1 GBP 5.2368 hryvnia (Ukraine) 1 UAH 0.0979 yen (Japan) 100 JPY 2.6361 Czech crown 1 CZK 0.1723 Danish krone 1 DKK 0.5855 Icelandic krone 100 ISK 2.9442 Norwegian krone 1 NOK 0.3660 Swedish krone 1 SEK 0.3745 Romanian leu 1 RON 0.8778 lev (Bulgaria) 1 BGN 2.2324 Turkish lira 1 TRY 0.1187 Israeli new shekel 1 ILS 1.0860 Chilean peso 100 CLP 0.4247 Philippine peso 1 PHP 0.0691 Mexican peso 1 MXN 0.1968 rand (South Africa) 1 ZAR 0.2303 real (Brazil) 1 BRL 0 .7058 ringgit (Malaysia) 1 MYR 0.9219 Indonesian rupiah 10000 IDR 2.5644 Indian rupiah 100 INR 4.8169 South Korean won 100 KRW 0.2907 yuan renminbi (China) 1 CNY 0.5670 SDR (IMF) 1 XDR 5.3442
Source: NBP Average exchange rates of foreign currencies – table A
It should be noted that the above exchange rates were published on Wednesday and will be valid until Thursday noon, when the central bank will present an updated table. This usually appears around 11:45-12:15.
Currency Exchange Rates: The Polish Zloty’s Rocky Road
Well folks, Wednesday, November 6, 2024, is shaping up to be a rather chaotic day for the Polish zloty, and not in a glamorous “let’s pop some champagne” kind of way. Nope, it’s more of a “let’s watch our money shrink like our hopes of winning the lottery” kind of affair. According to the National Bank of Poland (NBP), the exchange rates are looking like a desperate bid on a game show. Give me a slick “what’s behind door number three?” This week? A hefty USD 4.0595 to get a piece of America’s financial pie, and good luck with that!
Let’s dive into the numbers shall we? The euro, sporting its fancy PLN 4.3662 price tag, is hanging on like your friend who refuses to leave the party despite being three sheets to the wind. The Swiss franc isn’t playing hard to get either, sitting at PLN 4.6437, while the poor old pound sterling, which used to hold court, is down to PLN 5.2368. Honestly, it’s like watching the bad decisions of reality TV personalities played out in the currency market.
The Daily Drama of Exchange Rates
- Today, the zloty basket is losing significantly against the main currencies.
- The euro exchange rate stabilizes at PLN 4.36 like it’s found zen in a meditation retreat.
- The dollar is climbing ever higher above PLN 4.07, making like that overconfident relative at Christmas who thinks they can out-eat everyone.
- The franc stands firm at PLN 4.64, and the pound drops slightly to PLN 5.23 while giving us all the side-eye.
Here are your midweek zloty rates, fresh off the press:
| Currency Pair | Symbol | Exchange Rate | Update Date |
|---|---|---|---|
| Dollar | USD/PLN | 4.0595 | 06/11/2024 13:20 |
| Euro | EUR/PLN | 4.3662 | 06/11/2024 13:20 |
| Pound Sterling | GBP/PLN | 5.2368 | 06/11/2024 13:20 |
| Swiss Franc | CHF/PLN | 4.6437 | 06/11/2024 13:20 |
So, Why the Zloty Blues?
With the zloty losing ground and its basket overvalued by 0.19%, one might wonder what’s trigger happy now. Drumroll, please: it’s none other than Donald Trump’s triumphant return as the newly minted President of the United States! His victory is causing a ruckus, prompting the dollar to strut around like a peacock on laundry day. Oh yes, the dollar’s had a good day, rising like a soufflé instead of flat-lining like our collective enthusiasm for Monday mornings.
The euro is oscillating back and forth like a pendulum at a dodgy gas station, while the dollar firmly grasps the limelight. Just wait until Trump starts tweeting about economic policies—oh the joy and the jest that will ensue! Investors are anxiously waiting for the first announcements—because what’s more entertaining than financial speculation mixed with a side of Twitter drama?
Current Trends
As of now, the EUR/PLN exchange rate is seeing minor rises, boosting itself up by 0.16%. The dollar, however, is taking a wild leap and strengthening by 2.15%, marking the most exciting day in the market in months. And what do we have for the franc? A respectable 0.57% gain, proving it’s not ready to give up just yet. Even the GBP isn’t shy about stepping up today, rolling in with a modest 0.10% rise. Looks like we’re having a currency party—bring your own drinks!
Wrap It Up!
So, what’s our takeaway from today’s financial circus? The zloty is feeling the heat, and if it were a contestant in a reality show, it might just be packing its bags. Keep your eyes peeled for the latest updates when the NBP releases its new table tomorrow. Remember folks, in the world of currency, don’t blink—the rates could change faster than a politician’s promises! And today, as we ride this roller coaster of exchange rates, let’s remember the words of the wise: “Invest wisely, and always keep some cash for the snacks!”
Stay tuned for more hilarity and chaos in the currency world, and don’t forget to tip your financial advisors—after all, they deserve a little something for keeping us entertained while our fortunes rise and fall!
R the currency market. Traders are eagerly anticipating the economic implications of Trump’s policies, leading to a bullish sentiment towards the dollar.
Meanwhile, the euro’s stability may reflect cautious optimism in the Eurozone, but it remains vulnerable to fluctuations based on geopolitical developments. The franc’s slight rise may indicate Switzerland’s safe-haven status amidst uncertainty, while the pound’s stagnation is emblematic of continued concerns over post-Brexit economic realities.
It’s a complex tapestry of currency interplay with the zloty’s value swaying heavily under various influences. As we inch closer to Thursday’s noon update from the NBP, the market will be watching closely. Will the zloty regain its footing or continue its tumble? Time will tell, but one thing’s for sure: it’s going to be a rollercoaster ride for currency traders!
So, keep your wallets close and your eyes trained on those screens, because the world of forex is anything but predictable!
