USDPLN (US Dollar vs Polish Zloty). Exchange rate and online charts

USD/PLN (US Dollar vs Polish Zloty)

The USD/PLN is not popular currency pair on Forex. Poland intends to continue introducing the euro. At the same time, a lot of internal problems such as the budget deficit, high external debt, etc. as well as global economic downturn prevented this country from adopting the single currency in time. The European Central Bank requires the government to introduce some reforms so Poland will enter the European Union in 2014 after fulfilling all the requirements.

Poland is an industrial country with the developed economy and high quality of life. The main economic sectors are engineering, metallurgy, and chemical and coal industries. Poland has well-developed automobile production and shipbuilding at the shipyards of the Baltic Sea. Poland is rich in mineral resources: coal, copper, lead, natural gas, etc. Due to the large reserves of hydrocarbons, the Polish economy is able to satisfy almost all its energy needs. The factors that can significantly impact Poland's economy are the international rating of the country and the leading industries of Poland and the European Union.

If you trade USD/PLN, you have to pay attention to the behavior of other most important trading instruments such as: EUR/USD, GBP/USD, and USD/JPY. They are indicators of the USD/PLN price movement as they greatly influence the national currency of Poland.

If you trade USD/PLN, you should focus on economic indicators of Poland as well as the world oil prices.