Polish Zloty (PLN) 2025: Current Exchange Rates, History & Key Facts

Adam Hayes, Ph.D., CFA, is a seasoned financial analyst with over 15 years of experience on Wall Street specializing in derivatives trading. Holding advanced degrees in economics and sociology, Adam combines expertise in behavioral finance with economic sociology research at Hebrew University, Jerusalem.

What Is the Polish Zloty (PLN)?

The Polish Zloty (PLN) serves as Poland's official currency, issued and regulated by the National Bank of Poland (Narodowy Bank Polski). Recognized by the symbol zł, the zloty subdivides into 100 groszy. Banknotes range from zł10 to zł500, while coins cover denominations from 1 grosz up to zł5. As a free-floating currency, the PLN is not pegged to any other currency, allowing market forces to determine its value.

Key Highlights

• Polish Zloty (PLN) is Poland’s official currency.
• Symbolized as zł and managed by Narodowy Bank Polski.
• Banknotes issued in zł10 to zł500; coins from 1 grosz to zł5.
• Currency has evolved through multiple historical phases since the Middle Ages.
• PLN freely floats in global forex markets with major pairings including USD, EUR, CHF, GBP, and AUD.

Understanding the Polish Zloty Today

Established officially in 1924, the modern zloty is overseen by Narodowy Bank Polski, which holds exclusive rights to issue the currency since 1997. The bank also implements monetary policies aimed at economic stability. Coins minted include 1, 2, and 5 zloty, alongside groszy coins of 1, 2, 5, 10, 20, and 50 groszy.

The zloty operates as a floating currency, with no fixed exchange rate to other currencies. Common forex pairs include the US dollar (USD), euro (EUR), Swiss franc (CHF), British pound (GBP), and Australian dollar (AUD). Historically, the PLN to USD rate has fluctuated between approximately 2 to 4.5 PLN per 1 USD. As of June 2023, the rate was near 4.19 PLN per 1 USD.

Did You Know?

The word “zloty” translates to the masculine form of “golden” in Polish.

Important Considerations for Using PLN

The National Bank of Poland targets inflation control, aiming for a 2.5% ± 1% inflation rate. Inflation rose to 3.4% during the COVID-19 pandemic in 2020, increasing further to 5.1% in 2021. Poland’s GDP grew robustly by 6.8% in 2021, reaching $679.44 billion.

Currency exchange regulations include daily cash withdrawal limits of 1,000 PLN and monthly withdrawal limits capped at 5,000 PLN. Betting limits can be raised to 3,000 PLN upon request.

EU Membership and Euro Adoption

Poland joined the European Union in 2004, committing to eventually adopting the euro. However, no official timeline exists, and current political sentiment is skeptical about euro adoption. Central Bank Governor Adam Glapinski has publicly resisted euro integration under his tenure.

History of the Polish Zloty

The Polish zloty has a rich history dating back to the Middle Ages, currently in its fourth iteration:

1. First Zloty (14th-15th centuries): Initially referred to any gold coin; became official currency in 1528, used until 1850 before replacement by the Russian ruble and Polish marka.
2. Second Zloty (1924): Introduced after hyperinflation post-WWI; pegged to USD; survived WWII and Soviet occupation.
3. Third Zloty (1950): Currency reform during Communist era; inflation soared in 1990s with denominations reaching up to 1 million zloty.
4. Fourth Zloty (1995): Redenomination replaced old PLZ notes with new PLN currency to combat counterfeiting and stabilize economy.

Current Exchange Rate: PLN to USD

As of 2024, 1 USD exchanges for approximately 4.2 PLN, reflecting currency market trends and economic factors.

Is the Polish Zloty Strong?

Despite some depreciation against the US dollar in recent years, the Polish zloty remains a resilient currency supported by Poland’s growing and stable economy—ranked 21st globally by GDP.

Can You Use Euros in Poland?

The official currency is the zloty, and while euros are accepted in select tourist locations, the exchange rates are often unfavorable. It's recommended to exchange euros for PLN at official currency exchange points for best value.

How Much Is US$100 in Poland?

As of 2024, 100 US dollars convert to roughly 420 Polish zloty.

Where to Exchange Currency in Poland?

Currency can be exchanged at banks, ATMs, and licensed currency exchange offices throughout Poland.

Conclusion

The Polish zloty (PLN) is a vital part of Poland’s financial system, widely accepted across the country. While Poland is an EU member, the zloty remains the national currency with no immediate plans to adopt the euro. Travelers and investors should monitor exchange rates and local regulations to optimize currency exchanges and transactions when dealing with PLN.

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