Poland Economic Information
Central Bank: National Bank of Poland (NBP)
Currency: Polish zloty (PLN or zl)
Poland enjoys what could be one of the strongest economies of all eastern European countries. The Polish economy benefits from the privatization of small and medium state-owned companies as well as liberal policy on establishing new businesses. Poland's entry into the European Union in 2004 and the expected transition to the euro makes the Polish zloty a popular currency with investors.
Key industries:
Machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages and textiles.
Agricultural products:
Potatoes, fruits, vegetables, wheat, poultry, eggs, pork and dairy.
Export commodities:
Machinery and transport equipment, intermediate manufactured goods, miscellaneous manufactured goods, food and live animals.
Import commodities:
Machinery and transport equipment, intermediate manufactured goods, chemicals, minerals, fuels, lubricants and related materials.
Historical foreign currency exchange rates
 Downward Trend |
 Upward Trend |
| Source: These exchange rates are interbank rates as published by Interactive Data as of 11/15/2009. These rates were not available to retail customers and were not the rates offered by EverBank®. Past performance does not guarantee future results. |
A few factors to consider when evaluating the Polish zloty:
Reasons to consider
- Polish zloty rose 1.1% in the 2nd Quarter of 2009 from the same period a year ago.
- In the 1st Quarter 2009, the Polish economy grew .8% year-on-year.
- The Polish economy has avoided recession during the global economic crisis despite significant decline in economic activity in the Eurozone and other Central and Eastern European economies.
Risk factors to consider
- Polish zloty is under pressure since the country's deputy finance minister, Ludwig Kotecki, said its timetable for adopting the euro is "at serious risk."
- The Central Bank of Poland cautioned that reduced lending, in particular to the corporate sector, would continue to curb economic growth.
- The Central Bank also kept interest rates unchanged in August 2009 at 3.5%.
How EverBank can help with your Polish zloty needs?
WorldCurrency® Index CDs (Multi-currency CDs): Open a single CD comprised of multiple currencies, each designed to focus on a specific regional strength, and/or geopolitical and economic development. This currency is available in the following Index CD(s):
I'm interested in opening a WorldCurrency® account, what is my next step?
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