Crédit Agricole analysts forecast decline in US Dollar against Polish Zloty

Analysts at Crédit Agricole CIB project a downward trend for the US Dollar (USD) against the Polish Zloty (PLN). After reaching a peak of approximately 3.9355 PLN in mid-October 2026, the dollar has begun to retreat, falling below the 3.89 PLN level.

Forecasts suggest the USD/PLN exchange rate could drop to 3.82 PLN by the end of 2026, 3.79 PLN by mid-2027, and potentially reach 3.68 PLN by the end of 2027. This follows a period of significant appreciation where the dollar rose by over 46 groszy from its January lows.

Recent market data from October 20, 2026, shows the Zloty strengthening against the US Dollar and the Swiss Franc, while experiencing slight depreciation against the Euro and the British Pound. The USD was noted at 3.8959 PLN.