AUDPLN (Australian Dollar vs Polish Zloty). Exchange rate and online charts.

AUDPLN is not among the most popular currency pairs on Forex. To be precise, AUDPLN is a cross rate versus the U.S. dollar. Despite that the American dollar is not included in the symbol of the pair it still has a major influence on it. For example, you can combine two charts: AUDUSD and USDPLN. By uniting these two charts in one price chart, you will be able to see an approximate AUDPLN chart.

In this way the U.S. dollar has a great impact on both currencies. Taking into consideration major U.S. economic indicators will help to make a correct forecast of the further financial instrument trend. The most important indicators are such as follows: discount rate, GDP, unemployment rate, new created jobs indicator etc. note that the discussed currencies can respond to changes in the American economy at different tempo, therefore, AUDPLN can be a specific indicator of changes.

By far Poland intends to continue introducing the euro in the near future as its national currency. At the same time, many domestic problems of the country, such as the budget deficit, high external debt etc., as well as the global economic crisis prevented Poland from putting into operation the euro, as scheduled. The European Central Bank offered very strict conditions of the euro adoption. Thus Poland will be included in the Eurozone not until 2014 when it has fulfilled all requirements.

Poland is a developed industrial state with high living standards. The major economic sectors are engineering, metallurgy, chemical and coal industries. Poland owns well developed automotive and shipbuilding at the Baltic Sea. Moreover, the country abounds in mineral resources: coal, copper, lead, natural gas etc. Due to large supplies of hydrocarbons Poland is able to satisfy its electricity demand. Thus the international rating of the country and its leading industries can have an influence on the national currency rate.

Therefore, this trading instrument is relatively illiquid if opposed to major currency pairs, such as: EURUSD, USDCHF, GBPUSD and USDJPY. When you try to foresee the movement of this pair, first of all, focus on the currency pairs including USD and either of the reviewed currencies.

In case you prefer trading cross rates, it is necessary that you remembered: brokers usually set a higher spread for them than more popular currency pairs. So before you start working with cross rates, familiarize yourself with the conditions offered by the broker in order to trade a certain instrument.