Polish zloty plummets to 12-year low, as 3rd wave threatens.

The Polish zloty is trading at the lowest level in 12 years. On Monday, the fixing of the EUR / PLN exchange rate published by the National Bank of Poland reached the level of 4.6560, which is the highest value of the euro expressed in zlotys since March 31, 2009, when it was set at 4.7013. On Tuesday the EUR / PLN exceeded the level of 4.66.

On Tuesday evening, the US dollar cost PLN 3.97. Over the past six weeks, it has increased by 30 cents.

The zloty is among the currencies from emerging markets that are losing, among others due to the increase in US bond yields and the strengthening of the dollar, but also, and perhaps above all, it is under pressure from the third wave of coronavirus and the too slow vaccination process.


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