The EURO is the Eurozone's currency and a few non-EU countries. Polish Zloty is the currency of Poland, one of the largest economies in Central and Eastern Europe. The pair of the two currencies is EURPLN and refers to the number of PLNs required to buy one euro.

What is EURPLN?

The EURPLN is a minor currency positively correlated with other European currency pairs, such as EURUSD or EURGBP, and with other Central and Eastern European currencies, such as CZK or HUF. It has a negative correlation with haven currencies like USD or JPY.

The pair has a lower trading volume than major currency pairs such as EURUSD or USDJPY, and its liquidity varies throughout the day, with higher trading volume during the European trading session. Moreover, factors such as the global market, market sentiment, central bank policies, trade and capital flows between the Eurozone and Poland, etc., influence the exchange rate. If investors want to know how to trade EURPLN, it’s essential to keep tabs on these factors.

How does EURPLN work?

It works through trading in the forex market on online platforms like SimpleFX. It provides solutions such as a demo account, which enables traders eager to learn how to invest in EURPLN start without risking their real assets.

EURPLN price history

Before investing in the EURPLN pair, prior research about the price history is a must. That’s why we’ve summarized the last five year’s performance of the currency pair.

Investors must remember that referring to the past performance of this asset may not be a reliable indicator of future results.

2018

The year began with the EURPLN exchange rate of 4.1758 PLN and ended at 4.2983 PLN. The best exchange rate of the year was 4.4 PLN on 2nd July 2028, and the worst value was 4.1317 PLN on 27th January 2018. The average exchange of EURPLN for 2018 was 4.2615 PLN.

2019

At the start of the year, the exchange rate was 4.2882 PLN, which closed at 4.2719 on 30th December 2019. The year's best price was 4.4133 PLN on 24th August 2019 and 4.2394 PLN on 1st July 2019. The average value of the year was 4.2979 PLN.

2020

On 1st January 2020, the price was 4.2555 PLN; on 31st December 2020, it reached 4.5549 PLN, with the best rate of 4.6314 PLN on 28th October 2020. The worst value of the year was 4.2227 PLN on 14th January 2020. The average exchange rate in 2020 was 4.4445 PLN.

2021

The exchange rate at the year's start was 4.5551 PLN and 4.5886 PLN by its end. The best and the worst prices were recorded at 4.7121 PLN and 4.456 PLN on 26th November 2021 and 2nd June 2021, respectively. The average value of the year was 4.5649 PLN.

2022

The year began with the EURPLN at 4.5897 PLN and ended at 4.6998 PLN, with the best performance of 4.9804 PLN on 7th March 2022. The worst exchange rate was 4.495 PLN on 9th February 2022, and the average exchange rate for the year was 4.685 PLN.

Current EURPLN price

The current EURPLN price is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform.

Is EURPLN a good investment?

Whether EURPLN is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors worldwide.

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