In the pair USDPLN, USD is the currency of the United States that's the most actively traded currency on the forex market. It is a reserve currency and pairs with a lot of other currencies. On the other hand, PLN is the official currency of Poland, one of Europe's fastest-growing economies.

What is USDPLN?

The USDPLN is an exotic pair first introduced in the forex market in April 2000. Since then, it has been traded on various forex platforms. The USDPLN pair measures the PLN in terms of USD. In other words, the pair tells about the number of PLN required to purchase one USD. Every trader eager to learn how to invest in USDPLN must remember the most vital information about this currency pair. The USDPLN has a lower trading volume than major pairs like USDJPY and EURUSD. Moreover, the pair has higher volatility and lower liquidity than major currency pairs.

How does USDPLN work?

The currency pair works by trading on various platforms, like SimpleFX. First, the trader needs to open an account. SimpleFX provides a demo account where investors can learn how to trade USDPLN. It gives access to the simulation of real-time market conditions without financial risks. However, it’s worth noting that everything, i.e., trading volume, volatility, and liquidity, varies with time. The reason is the price's dependency on the several factors impacting USDPLN fluctuations. Traders should include macroeconomic indicators, changes in central bank policies, commodity prices (which can strongly impact the US Dollar,) and global economic and geopolitical conditions.

USDPLN price history

Before investing in the USDPLN, traders must know how it has performed in history, which we briefly provided below.

2018

On 1st January 2018, the USDPLN was at 3.4756 PLN; on 31st December 2018, it rose to 3.7403 PLN, with the year's average of 3.6128 PLN. Moreover, the maximum and minimum exchange rate values were 3.8367 PLN on 31st October and 3.3215 PLN on 18th February.

2019

The year started when the USDPLN exchange rate was 3.7411 NOK and ended at 3.8058 NOK. The year's best and worst exchange rates were 4.0166 PLN on 26th September 2019 and 3.7236 PLN, respectively, with an average of 3.8385 PLN.

2020

The year commenced at 3.7934 PLN and ended at 3.7286 PLN. The highest exchange rate was 4.2889 PLN on 19th March 2020, and the lowest was 3.6188 PLN on 17th December 2020, with an average of 3.8972 PLN for 2020.

2021

At the beginning of 2021, the USDPLN price was 3.7539 PLN, which rose to 4.0352 PLN by the end of the year. Also, the year's best and worst performances were reported at 4.1895 PLN on 22nd November and 3.6494 PLN on 2nd June 2022, with an average of 3.8618 PLN.

2022

On 1st January 2022, the exchange rate was 4.0352 PLN; on 31st December, it was 4.3816 PLN. The highest and the lowest exchange rates were 5.0057 PLN on 10th October and 3.9356 PLN on 9th February 2022. The average exchange rate this year was 4.4584 PLN.

Current USDPLN price

The current USDPLN 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 USDPLN a good investment?

Whether USDPLN 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.

Trade USD/PLN the Simplest way.

Trade USDPLN

Don't have an account yet?

Open it!