Poland’s Latest Exchange Rates: February 21 Update

Currency exchange rates remain a key topic for many Poles, both at home and abroad, as fluctuations impact financial decisions and purchasing power. The National Bank of Poland (NBP) released updated exchange rate data on Thursday morning, providing insights into the latest currency values.

As of February 21, one US dollar was valued at 3.98 PLN. The euro, the most widely used European currency, stood at 4.17 PLN, while the Swiss franc was priced at 4.43 PLN. Meanwhile, the British pound reached 5.03 PLN.

The value of currencies shifts daily due to complex financial market processes. Key influences include supply and demand, central bank policies, macroeconomic indicators like inflation and GDP, and global geopolitical events.

Forex market speculation also plays a role, as investor behavior can drive rapid changes in currency valuations. For instance, a surge in demand for the US dollar may lead to an increase in its value. Additionally, seasonal factors, such as major holidays or year-end financial movements, can also contribute to fluctuations in exchange rates.