Figuring out exchange rates...?

Question

so...im moving to poland

currently $1 = 2.75 zlotys (polish currency)

so is that a good thing or a bad thing?
im so horrible at math.
i really need to get this stuff figured out.

so, if a movie ticket in poland cost 15 zlotys, that would only be like $4.50 right?

and when i go to exchange my money....which would be better, doing it here in the US or there in poland?

Answer 1

Here is one web site that has information for people moving to Poland. , living costs etc. Their are probably others.
http://www.expats-in-poland.com/?mod=fs_cost_of_living

You are correct about how to convert prices.

What to do about money depends on how much you need to convert. For spending money until you get a income in Poland, using US ATM's for cash and charge cards to pay for things gives you the best exchange rates. Set up on-line banking so you can pay credit card bills, and move money between account on-line from Poland, and a have back up card in case you lose one and have to cancel. If you want to move a large about of money, talk to your bank about transferring funds to a polish bank in the city you will live in.

Answer 2

I think the exchange rate in Poland is the same as in the US - thanks to free markets and no capital controls.

The only issue is how you perceive the dollar/zlotys to go. I would assume the dollar will continue to fall, so I would buy zlotys as much and as soon as possible.