Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
base info Advanced Project

calculator.detail.title

calculator.detail.title_des
AUC
AUC
swap
PLN
coin.update_time (UTC+0)calculator.common.refreshrefresh
widget.page_site
calculator.detail.computed_des

calculator.fiat.title

About the Polish Złoty (PLN)

What Is the Polish Złoty (PLN)?

The Polish Złoty, abbreviated as PLN, is the official currency of Poland. Its name, derived from the Polish word for 'gold', reflects its historical value. The symbol of the Polish Złoty is "zł". This symbol is derived from the first two letters of the word "złoty". The symbol is typically used in price tags, financial reports, and other contexts within Poland to denote the amount in złoty, such as 50 zł for fifty złoty. The złoty is subdivided into 100 grosz (gr). The Polish Złoty is the sole legal tender in Poland, and it is used for all transactions within the country.

The Polish Złoty is issued by the National Bank of Poland (Narodowy Bank Polski, NBP), which is the central bank of Poland. The NBP is responsible for the issuance and regulation of the Polish currency, managing its circulation, and maintaining its stability. Additionally, the bank plays a crucial role in implementing monetary policy, overseeing the banking system, and maintaining the country's foreign reserves.

What Is the History of PLN?

The first tangible currency in Poland was the denarius, circulating since the 10th century. The złoty, initially used for foreign gold coins like ducats and florins, was officially introduced in 1919, replacing the Polish marka. During the Kościuszko Uprising and subsequent partitions, the złoty underwent significant changes. The introduction of paper money and the fluctuation in value due to political upheavals marked this era. After World War II, the złoty was reintroduced and underwent redenomination in 1950 and again in 1995 due to hyperinflation. The modern złoty (PLN) replaced the old złoty (PLZ) at a rate of 10,000:1.

Notes and Coins of PLN

The currency comes in various denominations. Banknotes are commonly available in 10, 20, 50, 100, 200, and 500 złoty, while coins are minted in denominations of 1, 2, 5, 10, 20, and 50 grosz, and 1, 2, and 5 złoty. Modern banknotes have advanced security features, including watermarks and unique designs to prevent counterfeiting. The minting of coins and printing of banknotes are also managed under the authority of the National Bank of Poland.

Economic Significance and Exchange Rate

The Polish Złoty (PLN) is crucial to Poland's economy and significant in Central and Eastern European financial markets. As the nation's official currency, it underpins all domestic financial transactions. Governed by a floating exchange rate system, the Złoty's value fluctuates based on Poland's economic performance, interest rates, inflation, and global economic conditions. This fluctuation makes its exchange rate against major currencies like the Euro and US Dollar a vital indicator for investors and economic policymakers. The Złoty's stability is key to attracting foreign investment and maintaining healthy trade relationships. While there is ongoing discussion about Poland potentially adopting the Euro in accordance with its EU membership, the Złoty remains Poland's official currency, highlighting its significance in both the national and regional economic spheres.

Is Polish Złoty Pegged to the Euro?

The Polish Złoty (PLN) operates under a floating exchange rate system and is not pegged to the Euro (EUR). Although Poland is a member of the European Union, it has retained its own currency and has not yet met the necessary convergence criteria to adopt the Euro. In the floating exchange rate system, the value of the Złoty is determined by market forces of supply and demand in relation to other currencies. The decision to transition to the Euro will depend on Poland's fulfillment of these criteria, but until then, the Złoty remains an independent currency, subject to market fluctuations.

coin.about_expand
calculator.fiat.text_2

calculator.detail.trend

1D7D1M3M1YAll
calculator.detail.trend_des

calculator.compare.title

calculator.compare.exchangecalculator.compare.pricecalculator.compare.maker_feecalculator.compare.tradable
Bitgethot-iconcalculator.compare.best
zł0.3437
0.0200% / 0.0320%vip-iconcalculator.compare.vip
coin.update_time(UTC+0)

calculator.right.title

buy-coin-step-0-img
calculator.htb.step1_title
calculator.htb.step1_des
buy-coin-step-1-img
calculator.htb.step2_title
calculator.htb.step2_des
buy-coin-step-2-img
calculator.htb.step4_title
calculator.htb.step4_des

calculator.p2p.buy_title

calculator.p2p.buy_desc3
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.low_to_high
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.p2p.sell_title

calculator.p2p.sell_desc4
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.high_to_low
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.detail.affect_title

calculator.detail.affect_down
calculator.detail.affect_today
calculator.detail.affect_market
$0
calculator.detail.affect_valume
$70.24K
calculator.detail.affect_supply
0 AUC

calculator.detail.conversion_table

calculator.detail.conversion_down
calculator.detail.conversion_des1
calculator.detail.conversion_des2

coin.current_to_local

coin.amount
calculator.detail.time_
0.5 AUC
0.1657
1 AUC
0.3315
5 AUC
1.66
10 AUC
3.31
50 AUC
16.57
100 AUC
33.15
500 AUC
165.73
1000 AUC
331.45

coin.current_to_local

coin.amountcalculator.detail.time_
0.5PLN1.51  AUC
1PLN3.02  AUC
5PLN15.09  AUC
10PLN30.17  AUC
50PLN150.85  AUC
100PLN301.7  AUC
500PLN1,508.5  AUC
1000PLN3,017.01  AUC

calculator.detail.price_24

coin.amountcalculator.detail.time_calculator.detail.price_24_agocalculator.detail.price_24_change
0.5 AUC$0.04137$0.04125
+0.30%
1 AUC$0.08275$0.08250
+0.30%
5 AUC$0.4137$0.4125
+0.30%
10 AUC$0.8275$0.8250
+0.30%
50 AUC$4.14$4.12
+0.30%
100 AUC$8.27$8.25
+0.30%
500 AUC$41.37$41.25
+0.30%
1000 AUC$82.75$82.5
+0.30%

calculator.detail.price_month

coin.amountcalculator.detail.time_calculator.detail.price_month_agocalculator.detail.price_month_change
0.5 AUC$0.04137$0.06386
-35.22%
1 AUC$0.08275$0.1277
-35.22%
5 AUC$0.4137$0.6386
-35.22%
10 AUC$0.8275$1.28
-35.22%
50 AUC$4.14$6.39
-35.22%
100 AUC$8.27$12.77
-35.22%
500 AUC$41.37$63.86
-35.22%
1000 AUC$82.75$127.73
-35.22%

calculator.detail.price_year

coin.amountcalculator.detail.time_calculator.detail.price_year_agocalculator.detail.price_year_change
0.5 AUC$0.04137$0.2833
-85.40%
1 AUC$0.08275$0.5665
-85.40%
5 AUC$0.4137$2.83
-85.40%
10 AUC$0.8275$5.67
-85.40%
50 AUC$4.14$28.33
-85.40%
100 AUC$8.27$56.65
-85.40%
500 AUC$41.37$283.27
-85.40%
1000 AUC$82.75$566.54
-85.40%

coin.prediction

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

calculator.earn.title

calculator.earn.des
calculator.earn.coin

calculator.earn.apr

calculator.earn.action

calculator.p2p.latest_coins_title

calculator.p2p.latest_coins_desc

faq.title

calculator.faq.question1

calculator.faq.answer1

calculator.faq.question2

calculator.faq.answer2

calculator.faq.question3

calculator.faq.answer3

calculator.faq.question4

calculator.faq.answer4

calculator.faq.question5

calculator.faq.answer5

calculator.faq.question6

calculator.faq.answer6
calculator.detail.disclaimers