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Friday, December 8, 2023

PLN, rate – Monday, October 16, 2023. How much is the euro, dollar, Swiss franc and British pound?

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On Monday morning we observe the strengthening of the zloty against the main currencies. Economists in their comments indicate that the market situation is related to the results of the parliamentary elections.

Preliminary Ipsos exit polls show that Law and Justice wins the parliamentary elections in Poland with a result of 36.8%, which gives it 200 seats in the Sejm, but the opposition can count on a total of 248 seats, which gives it a parliamentary majority.

According to the exit poll, the Civic Coalition has 31.6 percent. votes, which will give it 163 seats. Third Road received 13 percent. votes (55 seats), Left 8.6 percent (30 seats), and the Confederation 6.2 percent. (12 seats).

Exit poll results: the opposition has a chance to take power. READ MORE >>>

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PLN quotations

On Monday before 7:00 a.m. the euro costs almost PLN 4.47, the dollar – PLN 4.24, the Swiss franc – PLN 4.71, and the British pound – PLN 5.16.

On Friday afternoon the euro cost PLN 4.53. You had to pay about PLN 4.31 for a dollar and PLN 4.78 for a Swiss franc.

Comments

Economists in their comments indicate that the market situation is related to the results of the parliamentary elections.

“Złoty happy with the return of democracy!” – wrote Sławomir Dudek, economist, president and founder of the Institute of Public Finance, on social media.

“The zloty is gaining in Sunday’s very shallow trade in reaction to the exit poll indicating that the opposition may take power. The euro exchange rate is falling by 3 groszy. EURPLN is falling by about 0.7% and towards 4.50,” the analyst commented on Sunday evening financial markets at Cinkciarz.pl Bartosz Sawicki.

Main photo source: Shutterstock



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