Today's HKD to PLN Price Update

Summary

This report provides the real-time exchange rate between the Hong Kong Dollar (HKD) and Polish Zloty (PLN), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The Hong Kong Dollar (HKD) is the official currency of Hong Kong, while the Polish Zloty (PLN) serves as the currency of Poland. The exchange rate between them reflects market sentiment regarding the relative strength of these two currencies and investor confidence in regional economic conditions.

Today’s Price

• 1 HKD = 0.459 PLN
• 24h High: 0.45876 PLN
• 24h Low: 0.4582 PLN

Market Analysis

Recent technical analysis indicates mixed signals in the HKD/PLN pair. The currency pair is currently trading near its 52-week low, suggesting potential downward pressure.

• Technical levels: Key support around 0.4478 PLN (30-day low), resistance at 0.4592 PLN (30-day high)
• Short-term performance: The pair has declined 12.82% over the past month, with a daily change of -0.64%
• Risk note: The sustained downward trend and proximity to 52-week lows indicate continued weakness; traders should monitor support levels closely
• Trading opportunities: Watch for potential consolidation or bounce patterns near support levels; longer-term forecasts suggest further decline toward 0.44416 PLN by year-end

Conclusion

Continue to monitor the HKD/PLN pair closely, integrating technical support and resistance levels with broader market sentiment. For traders, focus on identifying potential reversal points near key support zones while remaining cautious of the prevailing downtrend.