About the NBP: Structure

Foreign Exchange Department

Director: Donald Malicki

The Foreign Exchange Department performs tasks related to the management of the official foreign exchange reserves on the basis of periodic investment strategies and priorities established by the Management Board of NBP.

The process of the foreign exchange reserves management includes analyses of the situation on financial markets, monitoring of risks, mainly the market risk (exchange rate and interest rate risks) and credit risk, as well as liquidity management with the parameters of currency and investment structure. This forms the basis for performing foreign exchange operations on international financial markets.

The foreign exchange reserves consist of foreign liquid assets held and fully controlled by NBP. They secure potential operations of the balance of payments, guarantee full convertibility of the zloty, can be used for interventions on the Polish currency market, and serve as a measure of Poland's creditworthiness worldwide.

Other key tasks of the Department include setting exchange rates of the zloty against foreign currencies (excluding the euro and dollar exchange rates set by the Domestic Operations Department), of units of account and settlement units as well as foreign exchange.

In its cooperation with banks and financial institutions at home and abroad the Foreign Exchange Department uses global information, IT and telecommunication systems such as Reuters, Bloomberg and SWIFT.


NBP interest rates

Reference rate 1.50
Lombard rate 2.50
Deposit rate 0.50
Rediscount rate 1.75

Exchange rates

Table of 2016-06-30
1 EUR4.4255
1 USD3.9803
1 CHF4.0677
1 GBP5.3655
100 JPY3.8688

Economic outlook

Monthly data

Quarterly data

Financial markets

Numismatics

Contact

Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa
Poland

tel.:
+48 22 185 10 00
fax:
+48 22 185 85 18
e-mail: listy@nbp.pl
NIP: 525-000-81-98
REGON: 000002223
SWIFT: NBPL PLPW
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