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base info THORChain

THORChain to Polish Złoty Converter and calculator

Convert 1THORChain (RUNE) to Polish Złoty (PLN) equals zł 19.76 | 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 THORChain currency pair is the RUNE to PLN, with for THORChain's currency code being RUNE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PLN.

RUNE to PLN conversion rate trend

1D7D1M3M1YAll
In the past 1D, THORChain has changed -5.78% to PLN. Based on the trend and price charts, THORChain(RUNE) has changed -5.78% to PLN while Polish Złoty(PLN) has changed % to RUNE in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
zł19.41
0.0001% / 0.0004%vip-iconVIP
Binance
zł19.36
0.1000% / 0.1000%
Yes
Huobi
zł19.34
0.1000% / 0.1000%
Yes
Gate.io
zł19.35
0.1000% / 0.1000%
Yes
Bybit
zł19.39
0.1000% / 0.1000%
Yes
KuCoin
zł19.36
0.1000% / 0.1000%
Yes
Last updated 2024/04/17 21:00:30(UTC+0)

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

THORChain to Polish Złoty is falling this week.
THORChain's current market price is zł 19.76 per RUNE, with a total market cap of zł 6,603,409,066.12 PLN based on a circulating supply of 334,259,460 RUNE. The trading volume of THORChain has changed by -10.07% (zł -155,042,945.42 PLN) in the last 24 hours. Last trading day, RUNE's trading volume was zł 1,539,575,447.28.
Market cap
$1.62B
24h volume
$339.08M
Circulating supply
334.26M RUNE

Conversion tables

The exchange rate of THORChain is decreasing.
1 RUNE is currently valued at zł 19.76 PLN , which means buying 5 RUNE will cost zł 98.78 PLN . Similarly, zł1 PLN can be traded for 0.05062 RUNE, and zł50 PLN can be converted to 2.53 RUNE, excluding any platform or gas fees.
The exchange rate of 1 RUNE to Polish Złoty has changed by -34.71% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.78%, reaching a high of 21.22 PLN and a low of 18.86 PLN . One month ago, the value of 1 RUNE was zł 33.9 PLN , which represents a -41.76% change from its current value. Over the last year, THORChain has changed by
+
0.5712PLN
, resulting in a change of +185.68% in its value.

RUNE to PLN

Amount
21:32 today
0.5 RUNE
9.88
1 RUNE
19.76
5 RUNE
98.78
10 RUNE
197.55
50 RUNE
987.77
100 RUNE
1,975.53
500 RUNE
9,877.67
1000 RUNE
19,755.34

PLN to RUNE

Amount21:32 today
0.5PLN0.02531  RUNE
1PLN0.05062  RUNE
5PLN0.2531  RUNE
10PLN0.5062  RUNE
50PLN2.53  RUNE
100PLN5.06  RUNE
500PLN25.31  RUNE
1000PLN50.62  RUNE
share

Today vs. 24 hours ago

Amount21:32 today24 hours ago24h change
0.5 RUNE$2.42$2.57
-5.78%
1 RUNE$4.84$5.13
-5.78%
5 RUNE$24.19$25.67
-5.78%
10 RUNE$48.38$51.35
-5.78%
50 RUNE$241.91$256.73
-5.78%
100 RUNE$483.82$513.46
-5.78%
500 RUNE$2,419.1$2,567.28
-5.78%
1000 RUNE$4,838.2$5,134.57
-5.78%

Today vs. 1 month ago

Amount21:32 today1 month ago1M change
0.5 RUNE$2.42$4.15
-41.76%
1 RUNE$4.84$8.3
-41.76%
5 RUNE$24.19$41.51
-41.76%
10 RUNE$48.38$83.02
-41.76%
50 RUNE$241.91$415.12
-41.76%
100 RUNE$483.82$830.25
-41.76%
500 RUNE$2,419.1$4,151.24
-41.76%
1000 RUNE$4,838.2$8,302.47
-41.76%

Today vs. 1 year ago

Amount21:32 today1 year ago1Y change
0.5 RUNE$2.42$0.8492
+185.68%
1 RUNE$4.84$1.7
+185.68%
5 RUNE$24.19$8.49
+185.68%
10 RUNE$48.38$16.98
+185.68%
50 RUNE$241.91$84.92
+185.68%
100 RUNE$483.82$169.83
+185.68%
500 RUNE$2,419.1$849.16
+185.68%
1000 RUNE$4,838.2$1,698.31
+185.68%

FAQ

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