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Polygon to Sri Lankan Rupee Converter and calculator

Convert 1Polygon (MATIC) to Sri Lankan Rupee (LKR) equals Rs 220.34 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Polygon(MATIC) to Sri Lankan Rupee(LKR). This is the real-time data. The current conversion shows 1 MATIC at a value of 1 MATIC for 220.34 LKR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

LKR information

About Sri Lankan Rupee (LKR)

The Sri Lankan Rupee (LKR), established in 1885, is more than just the monetary unit of Sri Lanka; it represents the nation's rich cultural heritage and its evolving economic landscape. It is commonly abbreviated as LKR and represented by the symbol Rs. As a key player in Sri Lanka's economic activities, the Rupee has witnessed the country's journey from a colonial past to an independent nation striving for economic growth and stability.

Historical Background

The introduction of the Sri Lankan Rupee marked a significant shift from the British Indian Rupee, aligning with Sri Lanka's (then Ceylon) transition towards economic self-sufficiency. This change was part of the broader colonial policy but later became a symbol of national identity after Sri Lanka gained independence in 1948.

Design and Symbolism

The design of the Sri Lankan Rupee is a vivid reflection of the country's diverse flora and fauna, historical landmarks, and figures who have shaped its history. The notes and coins feature images of ancient kings, renowned figures, native wildlife, and significant cultural and natural sites. These elements are not just decorative; they are imbued with the nation's story and pride.

Economic Role

The Rupee plays a central role in Sri Lanka’s economy, which is characterized by its tea, rubber, and coconut exports, along with a growing tourism industry and remittances from overseas workers. As the primary medium of exchange, it facilitates trade and transactions within these sectors, underpinning the country's economic activity.

Monetary Policy and Inflation

Managed by the Central Bank of Sri Lanka, the Rupee has faced challenges including inflation and depreciation, particularly in times of political and economic instability. The bank’s monetary policies aim to stabilize the currency, which is crucial for maintaining economic confidence and attracting foreign investment.

International Trade and the Sri Lankan Rupee

The value of the Rupee is significant in international trade, particularly for Sri Lanka's exports like textiles and tea. A stable Rupee is important for maintaining competitive export prices and attracting foreign direct investment.

Remittances and Economic Impact

Remittances from the Sri Lankan diaspora, especially from the Middle East and Europe, are a significant source of foreign income. These remittances, converted into Rupees, play a substantial role in supporting families and contributing 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 LKR, with for Polygon's currency code being MATIC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for LKR.

MATIC to LKR conversion rate trend

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In the past 1D, Polygon has changed +8.46% to LKR. Based on the trend and price charts, Polygon(MATIC) has changed +8.46% to LKR while Sri Lankan Rupee(LKR) has changed % to MATIC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Rs219.29
0.0001% / 0.0004%vip-iconVIP
Binance
Rs220.18
0.1000% / 0.1000%
Yes
Coinbase Exchange
Rs220.3
0.1000% / 0.1000%
Yes
Kraken
Rs219.36
0.1000% / 0.1000%
Yes
OKX
Rs220.15
0.080% / 0.100%
Yes
Huobi
Rs220.18
0.1000% / 0.1000%
Yes
Gate.io
Rs220.18
0.1000% / 0.1000%
Yes
Bybit
Rs219.24
0.1000% / 0.1000%
Yes
KuCoin
Rs220.09
0.1000% / 0.1000%
Yes
Bitfinex
Rs220.17
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 19:00:34(UTC+0)

What factors influence the conversion rate of Polygon to Sri Lankan Rupee?

Polygon to Sri Lankan Rupee is rising this week.
Polygon's current market price is Rs 220.34 per MATIC, with a total market cap of Rs 2,180,204,195,545.53 LKR based on a circulating supply of 9,894,740,000 MATIC. The trading volume of Polygon has changed by -39.13% (Rs -48,323,975,838.57 LKR) in the last 24 hours. Last trading day, MATIC's trading volume was Rs 123,511,443,647.61.
Market cap
$7.23B
24h volume
$249.49M
Circulating supply
9.89B MATIC

Conversion tables

The exchange rate of Polygon is decreasing.
1 MATIC is currently valued at Rs 220.34 LKR , which means buying 5 MATIC will cost Rs 1,101.7 LKR . Similarly, Rs1 LKR can be traded for 0.004538 MATIC, and Rs50 LKR can be converted to 0.2269 MATIC, excluding any platform or gas fees.
The exchange rate of 1 MATIC to Sri Lankan Rupee has changed by +1.25% in the last 7 days. In the last 24 hours, the rate has fluctuated by +8.46%, reaching a high of 221.73 LKR and a low of 200.2 LKR . One month ago, the value of 1 MATIC was Rs 294.92 LKR , which represents a -25.28% change from its current value. Over the last year, Polygon has changed by
-Rs
90.76LKR
, resulting in a change of -29.17% in its value.

MATIC to LKR

Amount
19:01 today
0.5 MATIC
Rs110.17
1 MATIC
Rs220.34
5 MATIC
Rs1,101.7
10 MATIC
Rs2,203.4
50 MATIC
Rs11,016.99
100 MATIC
Rs22,033.97
500 MATIC
Rs110,169.86
1000 MATIC
Rs220,339.72

LKR to MATIC

Amount19:01 today
0.5LKR0.002269  MATIC
1LKR0.004538  MATIC
5LKR0.02269  MATIC
10LKR0.04538  MATIC
50LKR0.2269  MATIC
100LKR0.4538  MATIC
500LKR2.27  MATIC
1000LKR4.54  MATIC
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Today vs. 24 hours ago

Amount19:01 today24 hours ago24h change
0.5 MATIC$0.3656$0.3370
+8.46%
1 MATIC$0.7311$0.6741
+8.46%
5 MATIC$3.66$3.37
+8.46%
10 MATIC$7.31$6.74
+8.46%
50 MATIC$36.56$33.7
+8.46%
100 MATIC$73.11$67.41
+8.46%
500 MATIC$365.57$337.04
+8.46%
1000 MATIC$731.14$674.08
+8.46%

Today vs. 1 month ago

Amount19:01 today1 month ago1M change
0.5 MATIC$0.3656$0.4893
-25.28%
1 MATIC$0.7311$0.9786
-25.28%
5 MATIC$3.66$4.89
-25.28%
10 MATIC$7.31$9.79
-25.28%
50 MATIC$36.56$48.93
-25.28%
100 MATIC$73.11$97.86
-25.28%
500 MATIC$365.57$489.31
-25.28%
1000 MATIC$731.14$978.62
-25.28%

Today vs. 1 year ago

Amount19:01 today1 year ago1Y change
0.5 MATIC$0.3656$0.5162
-29.17%
1 MATIC$0.7311$1.03
-29.17%
5 MATIC$3.66$5.16
-29.17%
10 MATIC$7.31$10.32
-29.17%
50 MATIC$36.56$51.62
-29.17%
100 MATIC$73.11$103.23
-29.17%
500 MATIC$365.57$516.15
-29.17%
1000 MATIC$731.14$1,032.31
-29.17%

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.