Dollar more expensive than euro? Even up to 4.50 PLN

Mar 20, 2015 5:11 PM|

Published: 18.03.2015

It should be today that the American authority announce the end to over a six-year-long period of zero per cent interest rates. This would be the biggest decision in years. How will this affect the dollar’s value? Most of the investment banks say its value should get to the same level as the euro. Or even higher - explained Marcin Lipka, analyst.

The zloty is a slave to global movements. Additionally, the Polish currency is to a great extent connected to the euro. If the euro loses significantly against the dollar, there’s practically no chance for the zloty to gain against the dollar at the same time. Thus, it’s easiest to predict the zloty quotations by estimating the movements of EUR/USD in the forthcoming months.

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Mar 20, 2015 5:11 PM|

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