Lyudinovo

Main Menu

  • Home
  • Russian hotel
  • Russian restaurant
  • Russian currency
  • Russian economy
  • Russian budget

Lyudinovo

Lyudinovo

  • Home
  • Russian hotel
  • Russian restaurant
  • Russian currency
  • Russian economy
  • Russian budget
Russian currency
Home›Russian currency›UAH/PLN: The pair rises for a second day despite the invasion of Russia

UAH/PLN: The pair rises for a second day despite the invasion of Russia

By Lawrence C. Saleh
March 1, 2022
0
0
  • The Ukrainian hryvnia (UAH) strengthens
  • The Central Bank of Ukraine applies measures to support the currency
  • Polish Zloty (PLN) falls against EUR, USD and GBP
  • Polish GDP up 7.3% in the fourth quarter

The exchange rate of the Ukrainian hryvnia and the Polish zloty (UAH/PLN) is up on Tuesday building on the gains of the previous session. The pair settled up +1.95% yesterday at 0.1394 in the middle of the daily traded range. As of 14:30 UTC, UAH/PLN is trading up +1.2% at 0.1412.

Today, the pair is pushing higher as it extends its recovery from the 2022 low, a level that was last seen in June of last year. Ukraine’s national currency is showing resilience even as the conflict in Ukraine escalates.

So far, the Russian attack has failed to take Kiev. However, the Russian Defense Minister said the forces will continue to attack until Russia achieves its objective. Today, Russia stepped up its war efforts, with Putin ordering Russian forces, including nuclear weapons, to be on high alert.

Ukraine’s central bank limited withdrawals and imposed restrictions and temporary measures, halting the currency market, after the country declared martial law when Russian troops entered the country.

The Polish zloty is trading lower against the hryvnia and other major currencies such as the euro, pound and US dollar. It aligns with other Eastern European currencies. Close ties with Ukraine, both for trade and tourism, weigh on the demand for the currency.

Even bullish data was not able to help the Zloty this week. Data yesterday revealed that Poland’s economy saw broad-based growth in the last three months of last year and started 2022 on an optimistic tone. Fourth-quarter GDP was 7.3% year-on-year. Household consumption increased by 7.9%

However, the military conflict in Ukraine is expected to weigh on growth prospects in the coming months.

The huge level of uncertainty that accompanied Russia’s invasion is likely to hurt business confidence, while sanctions against Russia are also likely to hurt trade.


Currencylive.com is a news only site and not a currency trading platform. Currencylive.com is a site operated by TransferWise Inc. (“We”, “We”), a Delaware corporation. We do not warrant that the website will operate uninterrupted or error free or that it is free of viruses or other harmful components. The content of our site is provided for general information only and is not intended to be an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you based on the content of our site, you may not rely on it for any purpose. You should consult qualified professionals or specialists before taking or refraining from any action on the basis of the content of our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or warranties, express or implied, that the content on our site is accurate, complete or current, and DISCLAIM ALL IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content published on this site has been commissioned by us, but is the work of independent contractors. These processors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as such. The information and content posted by these independent contractors has not been verified or approved by Us. The opinions expressed by these independent contractors on currencylive.com do not represent our opinions.


Source link

Related posts:

  1. World Cup, the Russian currency slows down Seychellois tourism; Germany, France, Italy are bright spots
  2. Commodities to push Russian currency higher in 2021, Saxo Bank predicts – RT Business News
  3. Credit Suisse expects Russian currency to strengthen to 65-70 rubles against USD in 2021 – Business & Economy
  4. The share of remittances in Russian currencies is growing rapidly
Tagscentral bankexchange rate
Previous Article

People flock to a basement restaurant in ...

Next Article

The hotel chain market will explode: Marriott ...

  • Privacy Policy
  • Terms and Conditions