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Maker to Polish Złoty Converter and calculator

Convert 1Maker (MKR) to Polish Złoty (PLN) equals zł 12,008.06 | 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 Maker currency pair is the MKR to PLN, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PLN.

MKR to PLN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Maker has changed +11.67% to PLN. Based on the trend and price charts, Maker(MKR) has changed +11.67% to PLN while Polish Złoty(PLN) has changed % to MKR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
zł12,028.04
0.0001% / 0.0004%vip-iconVIP
Binance
zł12,013.13
0.1000% / 0.1000%
Yes
OKX
zł12,022.8
0.080% / 0.100%
Yes
Huobi
zł12,008.58
0.1000% / 0.1000%
Yes
Gate.io
zł12,015.67
0.1000% / 0.1000%
Yes
Bybit
zł12,021.19
0.1000% / 0.1000%
Yes
KuCoin
zł12,007.33
0.1000% / 0.1000%
Yes
Bitfinex
zł11,995.8
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 20:00:33(UTC+0)

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

Maker to Polish Złoty is falling this week.
Maker's current market price is zł 12,008.06 per MKR, with a total market cap of zł 11,103,972,174.97 PLN based on a circulating supply of 924,709.7 MKR. The trading volume of Maker has changed by +71.08% (zł 341,672,617.51 PLN) in the last 24 hours. Last trading day, MKR's trading volume was zł 480,711,765.81.
Market cap
$2.76B
24h volume
$204.07M
Circulating supply
924.71K MKR

Conversion tables

The exchange rate of Maker is increasing.
1 MKR is currently valued at zł 12,008.06 PLN , which means buying 5 MKR will cost zł 60,040.32 PLN . Similarly, zł1 PLN can be traded for 0.{4}8328 MKR, and zł50 PLN can be converted to 0.004164 MKR, excluding any platform or gas fees.
The exchange rate of 1 MKR to Polish Złoty has changed by -17.18% in the last 7 days. In the last 24 hours, the rate has fluctuated by +11.67%, reaching a high of 12,064.17 PLN and a low of 9,957.17 PLN . One month ago, the value of 1 MKR was zł 11,067.97 PLN , which represents a +8.49% change from its current value. Over the last year, Maker has changed by
+
842.59PLN
, resulting in a change of +286.49% in its value.

MKR to PLN

Amount
20:04 today
0.5 MKR
6,004.03
1 MKR
12,008.06
5 MKR
60,040.32
10 MKR
120,080.63
50 MKR
600,403.15
100 MKR
1,200,806.31
500 MKR
6,004,031.55
1000 MKR
12,008,063.09

PLN to MKR

Amount20:04 today
0.5PLN0.{4}4164  MKR
1PLN0.{4}8328  MKR
5PLN0.0004164  MKR
10PLN0.0008328  MKR
50PLN0.004164  MKR
100PLN0.008328  MKR
500PLN0.04164  MKR
1000PLN0.08328  MKR
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Today vs. 24 hours ago

Amount20:04 today24 hours ago24h change
0.5 MKR$1,489.87$1,334.13
+11.67%
1 MKR$2,979.74$2,668.26
+11.67%
5 MKR$14,898.71$13,341.31
+11.67%
10 MKR$29,797.42$26,682.63
+11.67%
50 MKR$148,987.11$133,413.14
+11.67%
100 MKR$297,974.22$266,826.27
+11.67%
500 MKR$1,489,871.1$1,334,131.35
+11.67%
1000 MKR$2,979,742.2$2,668,262.7
+11.67%

Today vs. 1 month ago

Amount20:04 today1 month ago1M change
0.5 MKR$1,489.87$1,373.23
+8.49%
1 MKR$2,979.74$2,746.46
+8.49%
5 MKR$14,898.71$13,732.32
+8.49%
10 MKR$29,797.42$27,464.63
+8.49%
50 MKR$148,987.11$137,323.15
+8.49%
100 MKR$297,974.22$274,646.31
+8.49%
500 MKR$1,489,871.1$1,373,231.55
+8.49%
1000 MKR$2,979,742.2$2,746,463.1
+8.49%

Today vs. 1 year ago

Amount20:04 today1 year ago1Y change
0.5 MKR$1,489.87$385.33
+286.49%
1 MKR$2,979.74$770.66
+286.49%
5 MKR$14,898.71$3,853.29
+286.49%
10 MKR$29,797.42$7,706.58
+286.49%
50 MKR$148,987.11$38,532.88
+286.49%
100 MKR$297,974.22$77,065.75
+286.49%
500 MKR$1,489,871.1$385,328.75
+286.49%
1000 MKR$2,979,742.2$770,657.5
+286.49%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.