ZAR/PLN: what to know
The ZAR/PLN rate shows how much PLN you get for 1 ZAR. Right now, 1 ZAR buys 0.2324 PLN at the mid-market rate. In the other direction, 1 PLN is worth 4.3023 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while PLN responds to NBP policy, EU flows and regional sentiment.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. The Polish Zloty (PLN) is issued by National Bank of Poland (NBP). “Złoty” literally means “golden”, a name dating back to medieval gold coins.
Over the past 12 months the ZAR/PLN rate has ranged between 0.2057 and 0.2332 — a change of +12.95% 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.