The Polish zloty, złotych in Polish, is the official currency of Poland. In English it is pronounced as “sloti”, its ISO 4217 code is PLN and its symbol is zł. One zloty is divided into 100 groszy.
As of the date of this July 2023 update, the equivalence of the Polish currency against the euro is:
- 1 euro = 4.44 zlotys
- 1 zloty = 0.22 euros.
History of the Polish zloty
The origins of the zloty are very remote, dating back to medieval times. Originally, that is the name that was given to any foreign currency that circulated through the territories of present-day Poland, when in this country there were still no mints to mint coins.
Generally, these coins were made of gold, and for this reason this term (which can be translated as “golden”) was used to give them their name.
The first zlotys minted in Poland date from the end of the 15th century. The zloty was adapted as the national currency in 1765 and since then it has been maintained through the different periods of the convulsive Polish history.
In 1995 the official change of the official Polish currency took place, going from the old zloty (ISO 4217 code: PLZ) to the new Polish zloty (ISO 4217 code: PLN) with an equivalent of 1 PLN = 10,000 PLZ.
The National Bank of Poland (Narodowy Bank Polski) is the institution responsible for issuing zloty banknotes and coins in Poland.
Polish zloty coins
The Polish zloty (zł) is divided into 100 groszy (gr). Since the new currency was introduced in Poland, three series of zloty coins have been minted: 1995, 2014 and 2017:
- Grosz / Groszy coins: 1, 2, 5, 10, 20 and 50 gr.
- Zloty coins: 1, 2 and 5 zł.
The numismatic design of the zloty is very simple: the obverse of all Polish coins is decorated with the national symbol of the eagle, which also appears on the country’s coat of arms. The reverse shows the face value accompanied by a vegetal ornament.
The 1, 2 and 5 groszy coins are made of bronzed steel, while the 10, 20 and 50 groszy, as well as the 1 zł, are made of cupronickel.
5 zloty coin
Instead, the highest value coins are bimetallic. The 2 zł one has a bronze ring and the central cupronickel disc; materials that appear inverted in the 5 zł, which presents a cupronickel ring and the inner bronze disc.
This coin has an approximate value of 1.04 euros in currency suppliers in Portugal on July 11, 2023.
Polish zloty banknotes
Since the introduction of the new zloty (PLN) in 1995, the Warsaw-based National Bank of Poland has issued two series of banknotes (in 1994 and 2012), both very similar, but with a number of notable security enhancements in the second series.
Six denominations of zloty banknotes are currently circulating in Poland:
- 10 zł,
- 20 zł,
- 50 zł,
- 100 zł,
- 200 zł,
- 500 zł.
The protagonists of the obverse of these banknotes are the former kings of Poland, while the reverse features national symbols and representations of Polish cultural heritage.
10 zł banknote
Printed in shades of brown, green and turquoise, its reverse shows a portrait of Prince Mieszko I together with two rose windows inspired by the drawing found on the floor of the Gniezno Cathedral and other floral motifs. On the reverse is a silver denarius flanked by two stylized Romanesque columns from the Benedictine abbey at Tyniec.
The exchange value in Portugal, July 2023, of this banknote is about 2.08 euros.
20 zł banknote
A portrait of King Boleslaw I along with a Romanesque portico and an oak tree occupy the obverse of the 20 zł note. The reverse shows another denarius, the silhouette of a bird and the inscription PRINCES POLONIE next to images of the Church of Saint Nicholas in Cieszyn and the door of the Gniezno Cathedral. The chromatic range of this banknote combines blue and pink colors.
The value of this 20 zloty note at the exchange rate in Portugal in July 2023 is about 4.16 euros.
50 zł banknote
The dark blue and green 50 zł note features a portrait of King Casimir III the Great on its obverse; the reverse shows an image of the White Eagle from the seal of this monarch and his insignia: the scepter and the orb. The background features a panoramic view of Krakow and Kazimierz.
The equivalent value of this note in July 2023, in Portugal, is approximately 10.40 euros.
100 zł banknote
Another great king of Poland, Wladislaus II, is the one who appears on the 100 zloty green note. His royal coat of arms, also with the White Eagle, is shown on the reverse. Below him are a helmet, a Teutonic coat and two swords commemorating the victorious Battle of Grunwald in the year 1410.
The exchange value of this banknote is approximately 20.80 euros in July 2023, in currency suppliers in Portugal.
200 zł banknote
The 200 zloty note features a portrait of King Sigismund the Elder. It is yellow in color with brown tones. On the reverse is an image of the Eagle with an interwoven letter “S” from the Sigismund Chapel of Wawel Cathedral.
The exchange value of this note is approximately 35.73 euros in July 2022, in Portugal.
500 zł banknote
The highest value banknote of the National Bank of Poland was put into circulation in 2017. It presents a diverse chromatic range where white, blue, yellow and red appear. The real figure in this case is that of Ivan III Sobieski.
The value of this euro banknote is around 99.21 euros in Portugal, July 2023.
Euro to polish zloty exchange rate
The exchange rate of the euro against the Polish zloty is quite stable, with a slight and growing devaluation against the euro since 2018 and until 2023 when the zloty is recovering against the euro.
If you search Google for “euro to zloty exchange rate” you will find dozens of websites (“currency converters”) that offer a “price” of the day. You will also see this graph with the prices of that pair of currencies from Google Finance. Something like this (July 11, 2023):
As you can see, the exchange rate for the last five years has fluctuated between PLN 4.20 and PLN 4.94 per euro, and PLN 4.45 per euro in July 2023. But keep in mind that this chart represents the value of the zloty “currency” against the euro, and not the lower real currency.
In fact, in currency suppliers in Portugal you can buy Polish zloty at an exchange rate of around 4.11 PLN for each euro from Cambiator to the 3.02 zlotys per euro that you get at Portuguese airports. Nothing to do with the euro-Polish zloty currency exchange.
So, when you see these values in Google and other currency converters with your mobile, you should keep the following in mind:
-It is an unofficial price, and therefore unreliable. In other words, if you click on the “Disclaimer” link, you get this warning from Google Finance: “Google cannot guarantee the accuracy of the exchange rates displayed. Please confirm current rates before making a transaction that may be affected by changes in exchange rates.”
-These rates that you see are usually wholesale prices of the Polish Zloty currency against the Euro currency (currency and banknote currency are not the same thing).
-These rates can only be held by banks among themselves, that is, it is impossible to obtain it as an individual.
If you need Polish zlotys in banknotes you will have to go through the banknote retail market (bank or currency supplier). This market means that the zloty have had to be “transported” by someone for you to enjoy them (or bought from travelers from Poland passing through Portugal previously).
In other words, moving banknotes from one place to another has logistical costs that will make their sale price more expensive (the exchange rate that will be applied by whoever sells them to you).
The zloty is not a very abundant currency in Portugal, although it is not too difficult to obtain. In any case, its price is usually more expensive in Portugal than in Poland. If you decide to buy zlotis in Portugal, it is good to anticipate the purchase and order them online to obtain a better price.
Where to exchange Polish zloty in Portugal
The three most popular places to exchange zloty in Portugal are high street banks and currency suppliers and suppliers at the airport (in Portugal named, “casas de câmbio” or “agéncias de cambio”).
Of them, the least recommended place to buy is the airport because its rates are quite expensive. And any business that charges you a commission in addition to an “exchange margin” (difference between the price you paid for the currency and the price it is sold to you). That is, banks and some currency suppliers if you change directly at street level without going through their website.
The large Portuguese banks may sell zlotys but keep in mind that they will charge you a commission of between 2.5 and 3% of the amount you change, with a minimum of 10 to 15 euros.
This means that if you change 100 euros to zlotys with them, they will keep about 15 (15% of your money) and they will only change 85 euros to zlotys. And if you change 1000 euros, they will keep 30 euros and only change 970 euros to zlotys.
For this reason, it is more interesting to change in competitive currency suppliers such as those that collaborate with Cambiator.
Euro to zloty rates today
To find out the euro-zloty exchange rate, the best thing you can do is use our currency comparator.
- Buy zlotys with euros (EUR-PLN)
- Sell your zlotys for euros (PLN-EUR)