Countries that use the PLN
Currency Exchange Rates for Polish Zloty? Convert GBP to PLN at todays exchange rate. See money transfer for Poland and historical to restrictions.
Compare Money Transfer Currencies Section - PLN
Nicknames for that currency if any?
The PLN (Polish currency) is called the Zoty (zloty is the recognized English word), which is divided into 100 groszy.
Name of Central Bank
The central bank is called National Bank of Poland. In Polish that would be Narodowy Bank Polski (NBP).
As of july 2017, the inflation rate of the PLN is 1.5%
Spelling and Capitalization
The zloty and all it's variations are written as stated before, without capitalization.
Use of the currency outside the country
The zloty is not used outside of the country. Most of the countries do not accept the currency since they feel it is substandard and it is not recognized. Other countries use the USD and Pounds for transactions.
Exchanging currency in the country
The primary option is the use of exchange houses or bureaus, which are called â€œkantorâ€ in Poland. These can be found all around the country in places like airports and banks.
We do not recommend the use of ATMs, as they have the lowest rates and they don't perform exchange of cash, instead you need a bank card. This makes them very uncomfortable and not very useful.
We recommend exchanging euros while in Poland, as the rates are more favourable, plus there's a lot of places in Poland that accept euros as payment, so they can be of great use while you're there.
Converting from GBP pounds to PLN
1 British pound = 4.75431433 zloty
What does GBP to PLN mean?
This conversion means that the PLN is less valuable than the GBP
What is the sign for the PLN?
The currency symbol is zÅ‚, and for the groszy it's gr.
Is PLN stable or undervalued? and what is the cause?
By showing an inflation rate of 1.5% in one year it can be said that the PLN isn't very stable.
What are the main currencies in use and why?
The main currencies used in Poland are the zloty and the three most used currencies in the world (USD, GBP and EUR).
Currency Information on Polish Zloty - PLN - Polish Zloty – zl
‘Zloty’ mean ‘golden’ in polish. The zloty is subdivided into 100 grosz (plural grosz). Coins are available in denominations of 1gr, 2gr, 5gr, 10gr, 20gr, 50gr, 1zł, 2zł, 5zł, and banknotes are issued in denominations of 10zł, 20zł, 50zł, 100zł, 200zł.
The zloty was redenominated in the early 1995 and 10,000 old zlotych was revalued at 1 new zloty. The currency has remained stable since revaluation.
Over a year ago we expanded our IT company and opened a new office in the UK. We have two offices in Europe now; we need to send money abroad very often, from Portugal to the UK and from the UK to Portugal. Knowing how to send money internationally in a safe way is therefore a crucial need for us on a weekly basis.
Comment written by Tiago Goncalves Director of an it Company.
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