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base info Polygon

Polygon to Kenyan Shilling Converter and calculator

Convert 1Polygon (MATIC) to Kenyan Shilling (KES) equals Sh 88.2 | Bitget

KES information

About Kenyan Shilling (KES)

The Kenyan Shilling (KES), introduced in 1966, replaced the East African Shilling to become the official currency of Kenya. It is commonly abbreviated as KES and represented by the symbol KSh. This change was a significant milestone in Kenya's journey towards economic independence and sovereignty. The Kenyan Shilling is more than just a medium of financial transaction; it reflects the country's rich cultural heritage, economic challenges, and aspirations.

Historical Background

The adoption of the Kenyan Shilling was a key step in post-colonial Kenya's economic development. It symbolized a break away from the East African Currency Board arrangement and was a crucial part of establishing a separate monetary identity following independence in 1963.

Design and Symbolism

The design of the Kenyan Shilling incorporates elements of Kenya's diverse culture and rich natural heritage. Banknotes and coins feature images of Kenya's founding father, Jomo Kenyatta, and later Mzee Jomo Kenyatta, and other prominent figures, along with various wildlife species, showcasing Kenya's commitment to preserving its natural and cultural heritage.

Economic Role

The Kenyan Shilling is central to Kenya's economy, which is one of the largest and most dynamic in East Africa. The currency facilitates trade in key sectors such as agriculture, tourism, manufacturing, and services. The stability and value of the Shilling are vital for economic growth and the well-being of Kenyan citizens.

Monetary Policy and Inflation

The Central Bank of Kenya manages the Shilling, implementing monetary policies aimed at maintaining currency stability and controlling inflation. These policies are essential for fostering a favorable economic environment and encouraging investment.

The Shilling in International Trade

The Kenyan Shilling's exchange rate is crucial in international trade, especially for Kenya's exports like tea, coffee, and horticultural products. A stable exchange rate is essential for maintaining competitive export prices and attracting foreign investments.

Remittances and Economic Impact

Remittances from Kenyans living abroad, particularly in North America and Europe, are a significant source of foreign income. These funds, exchanged for Shillings, support many families and contribute to the national economy.

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

MATIC to KES conversion rate trend

1D7D1M3M1YAll
In the past 1D, Polygon has changed -3.56% to KES. Based on the trend and price charts, Polygon(MATIC) has changed -3.56% to KES while Kenyan Shilling(KES) has changed % to MATIC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh88.49
0.0001% / 0.0004%vip-iconVIP
Binance
Sh88.45
0.1000% / 0.1000%
Yes
Coinbase Exchange
Sh88.44
0.1000% / 0.1000%
Yes
Kraken
Sh88.62
0.1000% / 0.1000%
Yes
OKX
Sh88.45
0.080% / 0.100%
Yes
Huobi
Sh88.49
0.1000% / 0.1000%
Yes
Gate.io
Sh88.43
0.1000% / 0.1000%
Yes
Bybit
Sh88.49
0.1000% / 0.1000%
Yes
KuCoin
Sh88.44
0.1000% / 0.1000%
Yes
Bitfinex
Sh88.78
0.1000% / 0.1000%
Yes
Last updated 2024/04/17 15:00:28(UTC+0)

What factors influence the conversion rate of Polygon to Kenyan Shilling?

Polygon to Kenyan Shilling is falling this week.
Polygon's current market price is Sh 88.2 per MATIC, with a total market cap of Sh 872,742,119,297.12 KES based on a circulating supply of 9,894,742,000 MATIC. The trading volume of Polygon has changed by -36.12% (Sh -19,745,881,581.94 KES) in the last 24 hours. Last trading day, MATIC's trading volume was Sh 54,665,176,091.64.
Market cap
$6.61B
24h volume
$264.54M
Circulating supply
9.89B MATIC

Conversion tables

The exchange rate of Polygon is decreasing.
1 MATIC is currently valued at Sh 88.2 KES , which means buying 5 MATIC will cost Sh 441.01 KES . Similarly, Sh1 KES can be traded for 0.01134 MATIC, and Sh50 KES can be converted to 0.5669 MATIC, excluding any platform or gas fees.
The exchange rate of 1 MATIC to Kenyan Shilling has changed by -23.19% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.56%, reaching a high of 93.67 KES and a low of 87.87 KES . One month ago, the value of 1 MATIC was Sh 136.16 KES , which represents a -35.23% change from its current value. Over the last year, Polygon has changed by
-Sh
66.12KES
, resulting in a change of -42.85% in its value.

MATIC to KES

Amount
15:12 today
0.5 MATIC
Sh44.1
1 MATIC
Sh88.2
5 MATIC
Sh441.01
10 MATIC
Sh882.03
50 MATIC
Sh4,410.13
100 MATIC
Sh8,820.26
500 MATIC
Sh44,101.31
1000 MATIC
Sh88,202.61

KES to MATIC

Amount15:12 today
0.5KES0.005669  MATIC
1KES0.01134  MATIC
5KES0.05669  MATIC
10KES0.1134  MATIC
50KES0.5669  MATIC
100KES1.13  MATIC
500KES5.67  MATIC
1000KES11.34  MATIC
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Today vs. 24 hours ago

Amount15:12 today24 hours ago24h change
0.5 MATIC$0.3341$0.3464
-3.56%
1 MATIC$0.6682$0.6929
-3.56%
5 MATIC$3.34$3.46
-3.56%
10 MATIC$6.68$6.93
-3.56%
50 MATIC$33.41$34.64
-3.56%
100 MATIC$66.82$69.29
-3.56%
500 MATIC$334.1$346.44
-3.56%
1000 MATIC$668.2$692.88
-3.56%

Today vs. 1 month ago

Amount15:12 today1 month ago1M change
0.5 MATIC$0.3341$0.5158
-35.23%
1 MATIC$0.6682$1.03
-35.23%
5 MATIC$3.34$5.16
-35.23%
10 MATIC$6.68$10.32
-35.23%
50 MATIC$33.41$51.58
-35.23%
100 MATIC$66.82$103.15
-35.23%
500 MATIC$334.1$515.77
-35.23%
1000 MATIC$668.2$1,031.55
-35.23%

Today vs. 1 year ago

Amount15:12 today1 year ago1Y change
0.5 MATIC$0.3341$0.5845
-42.85%
1 MATIC$0.6682$1.17
-42.85%
5 MATIC$3.34$5.85
-42.85%
10 MATIC$6.68$11.69
-42.85%
50 MATIC$33.41$58.45
-42.85%
100 MATIC$66.82$116.91
-42.85%
500 MATIC$334.1$584.54
-42.85%
1000 MATIC$668.2$1,169.08
-42.85%

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.