2025-05-16 10:05
publication
2025-05-16 10:05
The Friday morning did not bring major changes on the zloty market. The euro exchange rate The next day lasts below the line of 4.25 PLN. Analysts believe that Polish currency will not help today in Istanbul.
Representatives of the rule of Russia and Ukraine will meet today in Istanbul at the first direct peace conversations between these countries that have been fighting a regular but formally unspoken war for over three years. However, the Kremlin sent a low rank delegation, which guarantees a lack of breakthrough on the diplomatic front.
– However, we do not expect these data to have a clear impact on the zloty. The lack of important politicians representing Russia during negotiations with the Ukrainian side in Istanbul limits the importance of this event and the potential to quickly achieve a compromise, which could generate a positive impulse for the Polish currency. Hence, at the end of this week, we expect EUR/PLN and USD/PLN to the maintenance of currently listed levels – said PKO BP analysts.
So far it was a very calm week on the golden market. The euro exchange rate fluctuated in the range of PLN 4.22-4.25, remaining below the local resistance zone determined by the PLN 4.25 line. For now, the expectations for the descent into the area of PLN 4.20, which had to be expected after last week's departure from consolidation with a range of 4.25-4.30 PLN, did not materialize. On Friday in the morning, PLN 4.2437 was paid for the euro.
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– With a gradual strengthening of the zloty since mid -May, the correction is underway at the EurPLN course. An important resistance range is about 4.25-4.26 – it was written in the morning report of Bank Millennium.
The situation on the Euro-Dolar pair has also been stabilized. Thanks to this, the USD/PLN exchange rate remained in a spring side trend, they have been moving in the range of PLN 3.70-8.80 for a month. On Friday morning, the dollar cost PLN 3.7789 and was almost a penny cheaper than the day before.
In turn, the Swiss franc course was PLN 4,5445, growing by 1.5 grosze. On the couple, Frank-gold this week we watched an unsuccessful attempt to leave the April-May side trend in the range of 4.50-4.60 PLN. In this case, the decisive role is played by the development of EURO-FRANK pair events, where on Thursday there was a clear strengthened of the Helwecka currency.
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