PLN slightly weaker at the end of the year. The euro exchange rate started going up

After the failed test of the PLN 4.20 line, the euro rate moved up, signaling the weakening of the Polish currency. The US dollar has rebounded from levels close to this year's low.

On Tuesday at 9:40 a.m. the euro was worth PLN 4.2289, which is similar to the day before, when the price of the community currency increased by over a grosz. The euro exchange rate has been rising since the beginning of last week after previously reaching its lowest level since April, falling close to PLN 4.20.

A similar rebound took place on the dollar-zloty pair. In the morning, for a “green” one had to pay PLN 3.5940, although on Christmas Eve the USD/PLN exchange rate dropped almost to PLN 3.57 and thus was close to the long-term minimum from mid-September (PLN 3.5670).

However, the situation on the world's main currency pair remains unchanged. During the Christmas and New Year period, the EUR/USD rate fluctuates in the range of USD 1.17-1.18. So slightly below this year's high of $1.19185.

The franc-zloty pair is also stable. On Tuesday morning, the Helvetian currency was valued at PLN 4.5534. Since April, the CHF/PLN exchange rate has been moving in a sideways trend ranging from PLN 4.50 to PLN 4.60. In November, the franc tested the upper limit of this range, and in mid-December it was close to the lower band.

The British pound cost PLN 4.8540, continuing the rebound attempt initiated over a month ago. On November 19, sterling cost less than PLN 4.76 and was the cheapest in 6 years.

K.K

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