- Analytics
- News and Tools
- Market News
- EUR/PLN to drift down to around 4.65 by end-2023 before rising again toward 4.80 in 2024 – Commerzbank
EUR/PLN to drift down to around 4.65 by end-2023 before rising again toward 4.80 in 2024 – Commerzbank
The Zloty should benefit from a stronger Euro in 2023. However, economists at Commerzbank expect the EUR/PLN to move back higher in 2024.
Rising EUR/PLN rates in 2024
“We forecast the Euro to appreciate further through the rest of 2023 but weaken once again during 2024. Given the Zloty’s high-beta relationship to the Euro, we see EUR/PLN drifting down to around 4.65 by the end of 2023 as inflation moderates globally, which will alter perceptions about Poland’s negative real interest rate.”
“In 2024, we forecast EUR/PLN to rise again towards 4.80 as inflation will likely remain stubbornly above target.”
Source: Commerzbank Research
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
