The new year started with confusion surrounding the Polish currency. PLN quotes According to charts published by Google, they broke the threshold of PLN 5. The rate visible on the Google chart had been rising since around 5:40 p.m., and a few minutes after 8 p.m., the website showed a price of PLN 5.06 to one euro. This immediately caused confusion and doubts among many Internet users. However, experts quickly clarified that this was an error in the data source that Google relies on.
At the time, stock exchange industry websites, like Bloomberg for example, showed the correct EUR/PLN exchange rate – around PLN 4.34-4.346.
The Minister of Finance calms the EUR/PLN exchange rate in Google
Finance Minister Andrzej Domanski quickly put an end to speculation about the zloty. -relax. This zloty rate that is causing panic is fake (data source error). Markets in Asia will open soon and the situation will return to normal. The situation on Bloomberg looks like this – the Minister of Finance wrote on the X website. A chart posted by Andrzej Domanski shows the exchange rate of 4.34 PLN to one euro.
Recall that the graphs exchange ratesDisplayed by Google does not always provide accurate or correct data. They are taken from “publicly available sources” and do not necessarily reflect the current state of rates.
Moreover, Google is not responsible for their accuracy. Regarding exchange rates, the official website of the giant states: “Data is provided by financial exchanges and other content providers and may be delayed to the extent indicated by these exchanges or other data providers. Google does not verify the data and disclaims its responsibility in this regard.
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Google error regarding zloty exchange rate. A wave of comments
“The case clearly caused a wave of comments on social media,” wrote economic journalist Krzysztof Berenda.
“It is true that the NBP, since it is responsible for the stability of the zloty, should calm the markets, but the NBP is still struggling with Jacek Kurski's recent writings on his wall at the World Bank. It's good that at least. Minister of Finance is watching,” said economist Rafal Mundri.
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