Latest PLN news courtesy of CurrencySolutions.com

August has been a positive month for currency exchange rates, bringing the unexpected news that France, Germany, Hong Kong and Japan have all emerged from recession.

France and Germany recorded 0.3% growth in the second quarter, leading to a rally in euro exchange rates. This in turn boosted currency rates in Eastern Europe, as markets benefitted from the prospect of higher production, trade and greater financial stability.

The Polish zloty has climbed 4.5% against the euro since July, and tends to rise alongside optimism in the market. Poland is still one of a handful of countries to have escaped recession and growth is set for 0.5% in 2009. However inflation is running well above target, at 3.6% and this could weigh on zloty in future.

Governor Owsiak, of Poland’s central bank recently stated: “going by zloty’s recent moves, one can’t identify a clear trend” and zloty remains subject to considerable volatility.

For your currency transfer, Currency Solutions offer excellent exchange rates and a more personal service. Personal currency brokers can protect you from currency risk and help you to capitalise on market volatility. To see how much you could save, call us on 027 740 0000 or visit www.currencysolutions.co.uk.

* UPDATE – please note that the BritishInPoland.com preferred broker is now HiFX *