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base info Arbitrum

Arbitrum to Polish Złoty Converter and calculator

Convert 1Arbitrum (ARB) to Polish Złoty (PLN) equals zł 4.79 | Bitget

PLN information

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.

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Bitget crypto-to-fiat exchange data shows that the most popular Arbitrum currency pair is the ARB to PLN, with for Arbitrum's currency code being ARB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PLN.

ARB to PLN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Arbitrum has changed +3.51% to PLN. Based on the trend and price charts, Arbitrum(ARB) has changed +3.51% to PLN while Polish Złoty(PLN) has changed % to ARB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
zł4.86
0.0001% / 0.0004%vip-iconVIP
Binance
zł4.85
0.1000% / 0.1000%
Yes
OKX
zł4.85
0.080% / 0.100%
Yes
Huobi
zł4.85
0.1000% / 0.1000%
Yes
Gate.io
zł4.84
0.1000% / 0.1000%
Yes
Bybit
zł4.86
0.1000% / 0.1000%
Yes
KuCoin
zł4.85
0.1000% / 0.1000%
Yes
Bitfinex
zł4.85
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 16:00:32(UTC+0)

What factors influence the conversion rate of Arbitrum to Polish Złoty?

Arbitrum to Polish Złoty is falling this week.
Arbitrum's current market price is zł 4.79 per ARB, with a total market cap of zł 12,709,649,364.58 PLN based on a circulating supply of 2,653,939,500 ARB. The trading volume of Arbitrum has changed by -43.40% (zł -2,135,673,887.23 PLN) in the last 24 hours. Last trading day, ARB's trading volume was zł 4,920,986,945.03.
Market cap
$3.16B
24h volume
$692.12M
Circulating supply
2.65B ARB

Conversion tables

The exchange rate of Arbitrum is decreasing.
1 ARB is currently valued at zł 4.79 PLN , which means buying 5 ARB will cost zł 23.94 PLN . Similarly, zł1 PLN can be traded for 0.2088 ARB, and zł50 PLN can be converted to 10.44 ARB, excluding any platform or gas fees.
The exchange rate of 1 ARB to Polish Złoty has changed by -23.38% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.51%, reaching a high of 5.09 PLN and a low of 4.46 PLN . One month ago, the value of 1 ARB was zł 7.34 PLN , which represents a -34.79% change from its current value. Over the last year, Arbitrum has changed by
-
1.81PLN
, resulting in a change of -27.46% in its value.

ARB to PLN

Amount
16:44 today
0.5 ARB
2.39
1 ARB
4.79
5 ARB
23.94
10 ARB
47.89
50 ARB
239.45
100 ARB
478.9
500 ARB
2,394.49
1000 ARB
4,788.97

PLN to ARB

Amount16:44 today
0.5PLN0.1044  ARB
1PLN0.2088  ARB
5PLN1.04  ARB
10PLN2.09  ARB
50PLN10.44  ARB
100PLN20.88  ARB
500PLN104.41  ARB
1000PLN208.81  ARB
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Today vs. 24 hours ago

Amount16:44 today24 hours ago24h change
0.5 ARB$0.5950$0.5749
+3.51%
1 ARB$1.19$1.15
+3.51%
5 ARB$5.95$5.75
+3.51%
10 ARB$11.9$11.5
+3.51%
50 ARB$59.5$57.49
+3.51%
100 ARB$119$114.98
+3.51%
500 ARB$595.01$574.88
+3.51%
1000 ARB$1,190.01$1,149.76
+3.51%

Today vs. 1 month ago

Amount16:44 today1 month ago1M change
0.5 ARB$0.5950$0.9120
-34.79%
1 ARB$1.19$1.82
-34.79%
5 ARB$5.95$9.12
-34.79%
10 ARB$11.9$18.24
-34.79%
50 ARB$59.5$91.2
-34.79%
100 ARB$119$182.4
-34.79%
500 ARB$595.01$912
-34.79%
1000 ARB$1,190.01$1,824.01
-34.79%

Today vs. 1 year ago

Amount16:44 today1 year ago1Y change
0.5 ARB$0.5950$0.8200
-27.46%
1 ARB$1.19$1.64
-27.46%
5 ARB$5.95$8.2
-27.46%
10 ARB$11.9$16.4
-27.46%
50 ARB$59.5$82
-27.46%
100 ARB$119$163.99
-27.46%
500 ARB$595.01$819.96
-27.46%
1000 ARB$1,190.01$1,639.93
-27.46%

FAQ

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