PLN/ZAR: what to know
The PLN/ZAR rate shows how much ZAR you get for 1 PLN. Right now, 1 PLN buys 4.3203 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 0.2315 PLN.
In the short term PLN is driven mainly by NBP policy, EU flows and regional sentiment, while ZAR responds to commodity prices and risk appetite.
The Polish Zloty (PLN) is issued by National Bank of Poland (NBP). “Złoty” literally means “golden”, a name dating back to medieval gold coins. The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
Over the past 12 months the PLN/ZAR rate has ranged between 4.2876 and 4.8396 — a change of -9.32% versus a year ago.
For anyone in Poland, this is the mid-market reference to compare against your bank or kantor before exchanging. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.