Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info Polygon

Polygon to Pakistani Rupee Converter and calculator

Convert 1Polygon (MATIC) to Pakistani Rupee (PKR) equals ₨ 204.35 | Bitget
MATIC
MATIC
swap
PKR
Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter offers real-time exchange rates, allowing for easy conversion of Polygon(MATIC) to Pakistani Rupee(PKR). This is the real-time data. The current conversion shows 1 MATIC at a value of 1 MATIC for 204.35 PKR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

PKR information

About the Pakistani Rupee (PKR)

What Is the Pakistani Rupee (PKR)?

The Pakistani Rupee, with the ISO code PKR, is the official currency of the Islamic Republic of Pakistan. It was officially adopted in 1949, taking over from the Indian Rupee post-partition. The currency is symbolized as Rs and is subdivided into 100 paise, although paise coins are no longer in active circulation. The Pakistani Rupee is the sole legal tender in Pakistan, and it is used for all transactions within the country.

The Pakistani Rupee is issued by the State Bank of Pakistan, which is the central bank of the country. The State Bank of Pakistan is responsible for the regulation and control of the currency, including its issuance, distribution, and monetary policy management. This role includes ensuring the stability of the currency, managing Pakistan's foreign exchange reserves, and overseeing the country's banking system

What Is the History of PKR?

The term "Rupee" is derived from the Sanskrit word "Rūpya," meaning a coin of silver. The Pakistani Rupee has its roots in the currency introduced by Sher Shah Suri in the 16th century. It was officially adopted in 1949, following the partition of British India and the creation of Pakistan. Before this, the currency in circulation was the Indian Rupee, issued and controlled by the Reserve Bank of India.

Notes and Coins of PKR

The first coins in Pakistan were introduced in 1948 in various denominations, ranging from 1 pice to 1 rupee. Over the years, the coinage has evolved, with the latest additions being the Rs. 5 and Rs. 10 coins. Banknotes have also seen significant changes, with the current series featuring denominations from Rs. 5 to Rs. 5,000. These notes are distinct in their color and size, with larger denominations being longer. All banknotes feature a portrait of Muhammad Ali Jinnah on the obverse.

Economic Significance and Exchange Rate

The Pakistani Rupee is a fiat currency, meaning its value isn't backed by physical commodities but by the government's declaration. Historically, the rupee was pegged to the British pound and later operated under a managed float system. This shift led to significant devaluation in the 1980s, impacting the import of raw materials and the broader economy.

In recent years, the PKR has faced challenges, including a sharp devaluation in 2021 due to political instability and economic pressures. However, as of late 2023, it has shown signs of recovery, becoming one of the best-performing currencies against the US dollar.

Do Pakistan and India use the same currency?

No, Pakistan and India do not use the same currency. Pakistan uses the Pakistani Rupee (PKR), while India uses the Indian Rupee (INR). Although both currencies share a common historical origin and are both named "rupee," they are distinct and separate currencies managed by their respective countries. The Pakistani Rupee is managed by the State Bank of Pakistan, and the Indian Rupee is managed by the Reserve Bank of India. The two currencies have different values and are not interchangeable.

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

MATIC to PKR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Polygon has changed +8.67% to PKR. Based on the trend and price charts, Polygon(MATIC) has changed +8.67% to PKR while Pakistani Rupee(PKR) has changed % to MATIC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₨203.97
0.0001% / 0.0004%vip-iconVIP
Binance
₨204.49
0.1000% / 0.1000%
Yes
Coinbase Exchange
₨204.38
0.1000% / 0.1000%
Yes
Kraken
₨204.19
0.1000% / 0.1000%
Yes
OKX
₨204.41
0.080% / 0.100%
Yes
Huobi
₨204.24
0.1000% / 0.1000%
Yes
Gate.io
₨204.47
0.1000% / 0.1000%
Yes
Bybit
₨203.94
0.1000% / 0.1000%
Yes
KuCoin
₨204.38
0.1000% / 0.1000%
Yes
Bitfinex
₨204.31
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 20:00:35(UTC+0)

What factors influence the conversion rate of Polygon to Pakistani Rupee?

Polygon to Pakistani Rupee is rising this week.
Polygon's current market price is ₨ 204.35 per MATIC, with a total market cap of ₨ 2,021,988,069,875.47 PKR based on a circulating supply of 9,894,740,000 MATIC. The trading volume of Polygon has changed by -38.07% (₨ -43,384,881,919.08 PKR) in the last 24 hours. Last trading day, MATIC's trading volume was ₨ 113,946,746,577.32.
Market cap
$7.28B
24h volume
$254.10M
Circulating supply
9.89B MATIC

Conversion tables

The exchange rate of Polygon is decreasing.
1 MATIC is currently valued at ₨ 204.35 PKR , which means buying 5 MATIC will cost ₨ 1,021.75 PKR . Similarly, ₨1 PKR can be traded for 0.004894 MATIC, and ₨50 PKR can be converted to 0.2447 MATIC, excluding any platform or gas fees.
The exchange rate of 1 MATIC to Pakistani Rupee has changed by +10.60% in the last 7 days. In the last 24 hours, the rate has fluctuated by +8.67%, reaching a high of 204.88 PKR and a low of 184.48 PKR . One month ago, the value of 1 MATIC was ₨ 274.38 PKR , which represents a -25.52% change from its current value. Over the last year, Polygon has changed by
-
77.09PKR
, resulting in a change of -27.39% in its value.

MATIC to PKR

Amount
20:02 today
0.5 MATIC
102.17
1 MATIC
204.35
5 MATIC
1,021.75
10 MATIC
2,043.5
50 MATIC
10,217.49
100 MATIC
20,434.98
500 MATIC
102,174.9
1000 MATIC
204,349.81

PKR to MATIC

Amount20:02 today
0.5PKR0.002447  MATIC
1PKR0.004894  MATIC
5PKR0.02447  MATIC
10PKR0.04894  MATIC
50PKR0.2447  MATIC
100PKR0.4894  MATIC
500PKR2.45  MATIC
1000PKR4.89  MATIC
share

Today vs. 24 hours ago

Amount20:02 today24 hours ago24h change
0.5 MATIC$0.3679$0.3386
+8.67%
1 MATIC$0.7359$0.6771
+8.67%
5 MATIC$3.68$3.39
+8.67%
10 MATIC$7.36$6.77
+8.67%
50 MATIC$36.79$33.86
+8.67%
100 MATIC$73.59$67.71
+8.67%
500 MATIC$367.94$338.57
+8.67%
1000 MATIC$735.88$677.15
+8.67%

Today vs. 1 month ago

Amount20:02 today1 month ago1M change
0.5 MATIC$0.3679$0.4940
-25.52%
1 MATIC$0.7359$0.9881
-25.52%
5 MATIC$3.68$4.94
-25.52%
10 MATIC$7.36$9.88
-25.52%
50 MATIC$36.79$49.4
-25.52%
100 MATIC$73.59$98.81
-25.52%
500 MATIC$367.94$494.03
-25.52%
1000 MATIC$735.88$988.05
-25.52%

Today vs. 1 year ago

Amount20:02 today1 year ago1Y change
0.5 MATIC$0.3679$0.5067
-27.39%
1 MATIC$0.7359$1.01
-27.39%
5 MATIC$3.68$5.07
-27.39%
10 MATIC$7.36$10.13
-27.39%
50 MATIC$36.79$50.67
-27.39%
100 MATIC$73.59$101.35
-27.39%
500 MATIC$367.94$506.75
-27.39%
1000 MATIC$735.88$1,013.49
-27.39%

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.