Today's PLN to ZAR Price Update

Summary

This report provides the real-time exchange rate between the Polish Złoty (PLN) and the South African Rand (ZAR), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Polish Złoty (PLN) is the official currency of Poland and a key fiat currency in Central Europe, while the South African Rand (ZAR) is the primary currency of South Africa. The exchange rate between them reflects market sentiment regarding the relative economic strength and stability of both currencies.

Today’s Price

• 1 PLN = 4.47 ZAR
• 24h High: 4.4984 ZAR
• 24h Low: 4.4617 ZAR

Market Analysis

Recent PLN/ZAR price movements show relatively stable trading within a narrow range. Technical indicators suggest mixed signals in the near term.

• Technical levels: The 14-day Relative Strength Index (RSI) stands at 57.347, indicating a buy signal. The 50-day moving average for ZAR/PLN is 0.2213, also suggesting a buy bias.
• Short-term forecast: The 14-day rate target is 4.495 ZAR per PLN
• Long-term outlook: Forecasts suggest a potential -14.69% decline over the next year, with a projected rate of 3.85 ZAR per PLN
• Trading opportunities: Monitor current support and resistance levels for potential entry and exit points

Conclusion

Continue to monitor the PLN/ZAR pair closely, combining technical indicators with longer-term forecast trends. For short-term traders, current buy signals from RSI and moving averages may present near-term opportunities, while long-term investors should consider the bearish outlook over the 12-month horizon.