The January price decline of oil to levels not seen for over a decade spoilt the mood across virtually every stock market in the world. The Chinese stock exchange dived and attempts to manually stop its slide (through suspending sessions) resulted in even greater panic on the trading floors. The US macroeconomic data is increasingly pointing to a weaker American economy. Another factor is the situation in the eurozone, where the accumulation of political problems (the migration crisis, the possibility of liquidating the Schengen zone, the potential exit of the UK from EU) will certainly also have an impact on the state of the European economy, which is weakening as it is. Poland was affected by the news of its downgrading by Standard & Poor’s at the beginning of the year. This is the first such reduction for Poland in the last twenty years. Even though the decision of the agency impacted the currency market more, it certainly did not help the