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Ada beberapa faktor utama yang mempengaruhi nilai tukar zloty. Pertama, kinerja ekonomi Polandia. Pertumbuhan ekonomi yang kuat, tingkat pengangguran yang rendah, dan surplus neraca perdagangan cenderung meningkatkan nilai zloty. Sebaliknya, perlambatan ekonomi, pengangguran tinggi, dan defisit neraca perdagangan dapat menyebabkan penurunan nilai zloty. Kedua, kebijakan moneter Bank Sentral Polandia (NBP). Suku bunga yang ditetapkan oleh NBP memiliki dampak langsung pada nilai tukar. Kenaikan suku bunga cenderung menarik investasi asing dan meningkatkan permintaan terhadap zloty, sehingga meningkatkan nilainya. Penurunan suku bunga memiliki efek sebaliknya. Ketiga, sentimen pasar. Persepsi investor dan pelaku pasar terhadap prospek ekonomi Polandia juga memainkan peran penting. Sentimen positif, seperti ekspektasi pertumbuhan ekonomi yang kuat, cenderung meningkatkan nilai zloty. Sebaliknya, sentimen negatif, seperti kekhawatiran tentang stabilitas politik atau ekonomi, dapat menyebabkan penurunan nilai zloty. Keempat, faktor eksternal. Peristiwa global, seperti perubahan suku bunga di negara-negara maju, krisis ekonomi global, atau perubahan harga komoditas, juga dapat mempengaruhi nilai tukar zloty. Misalnya, kenaikan suku bunga di Amerika Serikat dapat mendorong investor untuk menarik modal dari Polandia dan menginvestasikannya di AS, sehingga menyebabkan penurunan nilai zloty.
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