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Did Poland just get cheap again?

 
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hrvatski



Joined: 16 Nov 2008
Posts: 270

PostPosted: Mon Feb 02, 2009 5:11 pm    Post subject: Did Poland just get cheap again? Reply with quote

Well, maybe not for those earning here, but for tourists things must be a bit more attractive than last summer.

1USD = 3.5PLN
1GBP = 5PLN
1AUD = 2.2PLN
1EURO = 4.5PLN

Mind you, no one has any spare cash for holidays now anyway.

So... is Poland cheap again?
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sharter



Joined: 25 Jun 2008
Posts: 878
Location: All over the place

PostPosted: Mon Feb 02, 2009 8:03 pm    Post subject: Yippee Reply with quote

5 to a pound again...now that's more like it.

Speak for yourself about the cash.
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dynow



Joined: 07 Nov 2006
Posts: 1080

PostPosted: Mon Feb 02, 2009 10:04 pm    Post subject: Reply with quote

considering how all the prices in Poland have gone up considerably over the past couple years, especially real estate......no, it's not cheaper.
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maniak



Joined: 06 Feb 2008
Posts: 194

PostPosted: Mon Feb 02, 2009 10:19 pm    Post subject: Reply with quote

Yup if Poland needed anything else its more idiot tourists barfing in ryneks and being ripped off, sign me up for that there hrvatski.
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hrvatski



Joined: 16 Nov 2008
Posts: 270

PostPosted: Mon Feb 02, 2009 10:31 pm    Post subject: Reply with quote

Real estate just got a little cheaper, even rent has gotten cheaper since October 2008 (my landlady actually lowered my rent yesterday by 100zł!). Sure the days of spending like a king are over, but it would make for a noticable difference in the wallet to the average traveller.

With the weak złoty the summer tourist season might be stronger than 2008's fairly lousy one, however fallout from the financial crisis might nullify that.
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sharter



Joined: 25 Jun 2008
Posts: 878
Location: All over the place

PostPosted: Tue Feb 03, 2009 10:32 am    Post subject: The weak Zl! Reply with quote

For much of the past decade, the Zl traded at over 5 to a pound......it's got some way to go before it's weak.

Things will get a little cheaper there and property prices will go down. When you have house price inflation like that overtime you're heading for a fall. The UK decade long boom was based on this and now house prices are falling steadily. 15% last year...predicted another 10-15% this year. What happened in Poland was speculation plain and simple. Everyone's made their lolly now.

Lol...more drunken tourists...as opposed to drunken Poles or EFL teachers!! BTW-Are you Polish?
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hrvatski



Joined: 16 Nov 2008
Posts: 270

PostPosted: Tue Feb 03, 2009 11:26 am    Post subject: Reply with quote

If you're asking me, no I'm not Polish.
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anospi



Joined: 03 Dec 2004
Posts: 152
Location: Perth, Western Australia

PostPosted: Thu Feb 05, 2009 4:45 am    Post subject: Reply with quote

1USD = 3.62PLN
1GBP = 5.24PLN
1AUD = 2.33PLN (Hasn't been this low since I first came to Poland in 2006)
1EURO = 4.65PLN

The zloty is getting worse. I'm returning in a month, but I think I'm going to buy up with my Aussie dollars now.
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hrvatski



Joined: 16 Nov 2008
Posts: 270

PostPosted: Thu Feb 05, 2009 7:21 am    Post subject: Reply with quote

I believe it will hit 4PLN to the US dollar in about 2-3 weeks, things are gonna get worse before they get better after all. I read an article by some Polish 'experts' the other day that it should go back to about 2.9PLN to the US dollar around July. Mind you, the opinion of experts lately has been proven to be worth less than the paper they're written on.
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Richfilth



Joined: 24 Sep 2007
Posts: 225
Location: Warszawa

PostPosted: Thu Feb 05, 2009 3:15 pm    Post subject: Reply with quote

Poland's currency woes are down to a prolonged speculative attack which the national bank can do sweet FA about. They haven't the cash reserves to create a market swing in the opposite direction, and changing interest rates sends the wrong signals to foreign investors, so for the time being it's simply a matter of going with the flow.

When it comes to the crisis, Poland lives up to another of its stereotypes; three Poles, four opinions.
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the new guy



Joined: 19 Oct 2006
Posts: 127

PostPosted: Fri Feb 06, 2009 12:25 am    Post subject: Reply with quote

when i arrived in PL in mid September 08, it was 1 CAD = 2.16PLN

today its

Live rates at 2009.02.06 00:18:25 UTC
1.00 CAD = 2.92212 PLN
Canada Dollars Poland Zlotych
1 CAD = 2.92212 PLN 1 PLN = 0.342218 CAD

Up almost 80 grosze. :O
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dynow



Joined: 07 Nov 2006
Posts: 1080

PostPosted: Fri Feb 06, 2009 5:31 am    Post subject: Reply with quote

this currency fluctuation is also not so good for those of us who are paying mortgages borrowed in Swiss Francs...... Sad
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hrvatski



Joined: 16 Nov 2008
Posts: 270

PostPosted: Fri Feb 06, 2009 7:20 am    Post subject: Reply with quote

Hey at least we're not in Iceland or the Ukraine!
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dynow



Joined: 07 Nov 2006
Posts: 1080

PostPosted: Fri Feb 06, 2009 10:44 am    Post subject: Reply with quote

wow. that just sounds like a bad idea, crisis or not......Iceland.....Ukraine.......uhmmmm......no thanks.
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