Today's PLN to ZAR Price Update

Summary

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

Definition

The Polish Zloty (PLN) is a major fiat currency of the European Union member state Poland, while the South African Rand (ZAR) is the official currency of South Africa. The exchange rate between them reflects market sentiment toward both economies and serves as an important indicator for international trade and investment flows between Central Europe and Southern Africa.

Today’s Price

• 1 PLN = 4.69 ZAR
• 24h High: 4.6946 ZAR
• 24h Low: 4.6885 ZAR

Market Analysis

The PLN/ZAR pair is currently showing technical weakness, with recent analysis indicating bearish signals in the short term.

• Technical levels: The 14-day Relative Strength Index (RSI) stands at 35.589, suggesting oversold conditions and a “Sell” signal
• Risk note: Short-term volatility remains within the narrow range established over the past 24 hours
• Trading opportunities: Monitor for potential reversals from oversold levels; longer-term forecasts suggest an upward trajectory with expectations of the rate reaching approximately 5.006 ZAR per PLN

Conclusion

Continue to monitor the PLN/ZAR pair closely, integrating technical indicators with broader market trends. The current oversold RSI reading presents a contrarian consideration for contrarian traders, while the longer-term forecast suggests potential appreciation of the Polish Zloty against the South African Rand.