diff --git a/packages/nodes-base/nodes/Postgres/test/v2/operations.test.ts b/packages/nodes-base/nodes/Postgres/test/v2/operations.test.ts
index 61484e54a1..aff8c740a5 100644
--- a/packages/nodes-base/nodes/Postgres/test/v2/operations.test.ts
+++ b/packages/nodes-base/nodes/Postgres/test/v2/operations.test.ts
@@ -219,6 +219,77 @@ describe('Test PostgresV2, executeQuery operation', () => {
 			nodeOptions,
 		);
 	});
+
+	it('should call runQueries and insert enclosed placeholder into values', async () => {
+		const nodeParameters: IDataObject = {
+			operation: 'executeQuery',
+			query: "select '$1';",
+			options: {},
+		};
+		const nodeOptions = nodeParameters.options as IDataObject;
+
+		await executeQuery.execute.call(
+			createMockExecuteFunction(nodeParameters),
+			runQueries,
+			items,
+			nodeOptions,
+		);
+
+		expect(runQueries).toHaveBeenCalledWith(
+			[{ query: 'select $1;', values: ['$1'] }],
+			items,
+			nodeOptions,
+		);
+	});
+
+	it('should call runQueries and not insert enclosed placeholder into values because queryReplacement is defined', async () => {
+		const nodeParameters: IDataObject = {
+			operation: 'executeQuery',
+			query: "select '$1';",
+			options: {
+				queryReplacement: 'my_table',
+			},
+		};
+		const nodeOptions = nodeParameters.options as IDataObject;
+
+		await executeQuery.execute.call(
+			createMockExecuteFunction(nodeParameters),
+			runQueries,
+			items,
+			nodeOptions,
+		);
+
+		expect(runQueries).toHaveBeenCalledWith(
+			[{ query: "select '$1';", values: ['my_table'] }],
+			items,
+			nodeOptions,
+		);
+	});
+
+	it('should call runQueries and insert enclosed placeholder into values because treatQueryParametersInSingleQuotesAsText is true', async () => {
+		const nodeParameters: IDataObject = {
+			operation: 'executeQuery',
+			query: "select '$1';",
+			options: {
+				queryReplacement: 'my_table',
+				treatQueryParametersInSingleQuotesAsText: true,
+			},
+		};
+		const nodeOptions = nodeParameters.options as IDataObject;
+
+		await executeQuery.execute.call(
+			createMockExecuteFunction(nodeParameters),
+			runQueries,
+			items,
+			nodeOptions,
+		);
+
+		expect(runQueries).toHaveBeenCalledWith(
+			[{ query: 'select $2;', values: ['my_table', '$1'] }],
+			items,
+			nodeOptions,
+		);
+	});
 });
 
 describe('Test PostgresV2, insert operation', () => {
diff --git a/packages/nodes-base/nodes/Postgres/v2/actions/common.descriptions.ts b/packages/nodes-base/nodes/Postgres/v2/actions/common.descriptions.ts
index 1d4088820f..8814e9a4df 100644
--- a/packages/nodes-base/nodes/Postgres/v2/actions/common.descriptions.ts
+++ b/packages/nodes-base/nodes/Postgres/v2/actions/common.descriptions.ts
@@ -79,6 +79,17 @@ export const optionsCollection: INodeProperties = {
 				show: { '/operation': ['executeQuery'] },
 			},
 		},
+		{
+			// eslint-disable-next-line n8n-nodes-base/node-param-display-name-miscased
+			displayName: 'Treat query parameters in single quotes as text',
+			name: 'treatQueryParametersInSingleQuotesAsText',
+			type: 'boolean',
+			default: false,
+			description: "Whether to treat query parameters enclosed in single quotes as text e.g. '$1'",
+			displayOptions: {
+				show: { queryReplacement: [{ _cnd: { exists: true } }] },
+			},
+		},
 		{
 			// eslint-disable-next-line n8n-nodes-base/node-param-display-name-wrong-for-dynamic-multi-options
 			displayName: 'Output Columns',
diff --git a/packages/nodes-base/nodes/Postgres/v2/actions/database/executeQuery.operation.ts b/packages/nodes-base/nodes/Postgres/v2/actions/database/executeQuery.operation.ts
index 6d7908905e..2b8449e983 100644
--- a/packages/nodes-base/nodes/Postgres/v2/actions/database/executeQuery.operation.ts
+++ b/packages/nodes-base/nodes/Postgres/v2/actions/database/executeQuery.operation.ts
@@ -109,6 +109,16 @@ export async function execute(
 			}
 		}
 
+		if (!queryReplacement || nodeOptions.treatQueryParametersInSingleQuotesAsText) {
+			let nextValueIndex = values.length + 1;
+			const literals = query.match(/'\$[0-9]+'/g) ?? [];
+			for (const literal of literals) {
+				query = query.replace(literal, `$${nextValueIndex}`);
+				values.push(literal.replace(/'/g, ''));
+				nextValueIndex++;
+			}
+		}
+
 		queries.push({ query, values });
 	}
 
diff --git a/packages/nodes-base/nodes/Postgres/v2/helpers/interfaces.ts b/packages/nodes-base/nodes/Postgres/v2/helpers/interfaces.ts
index 8a8677f4f0..8aadf14ddc 100644
--- a/packages/nodes-base/nodes/Postgres/v2/helpers/interfaces.ts
+++ b/packages/nodes-base/nodes/Postgres/v2/helpers/interfaces.ts
@@ -47,6 +47,7 @@ export type PostgresNodeOptions = {
 	largeNumbersOutput?: 'numbers' | 'text';
 	skipOnConflict?: boolean;
 	replaceEmptyStrings?: boolean;
+	treatQueryParametersInSingleQuotesAsText?: boolean;
 };
 
 export type PostgresNodeCredentials = {