Today's GBP-PLN commentary

At 5.0274, the current GBP-PLN exchange rate is currently very close to its average value in the past 14 days. The difference between the lowest and highest value of the GBP-PLN mid-market rate during the past two weeks is relatively small, a sign of low volatility.


GBP Profile

Name: British Pound

Symbol: £

Minor Unit: 1/100 penny

Central Bank: Bank of England

Rank in the most traded currencies: #4

PLN Profile

Name: Polish Zloty

Symbol:

Minor Unit: 1/100 Grosze/Groszey

Central Bank: National Bank of Poland

Country(ies): Poland



GBP Great British Pound Sterling is also known as the pound sterling, sterling, quid, and nicker. Its currency symbol is £ and it begins in increments of a penny/pence, going up in increments by pence and pound as follows - 2p, 5p, 10p, 20p, 50p and then £1, £2, 5, 10, 20, 50 and £100. Countries which use the GBP include the United Kingdom and Northern Ireland. Since the UK is located closer in proximity than some other countries in the Americas and Asia, transactions to exchange between the GBP and Polish Zloty or PLN may be more common.

Reasons to exchange the GBP for PLN include business travel or casual holidays. For those who have moved to the UK from Poland, being able to send money back home or put some money in an existing bank account in Poland may be attractive reasons to perform a currency exchange.

The PLN is used in Poland. It is also distributed in ratios of 1/100 meaning that 1 Grosze (similar to a cent denomination) is 1/100 of a Zloty. You can find amounts such as the 1gr, 2gr, 5gr, 10gr, 20gr, 50gr for lower denominations and then zł1, zł2, zł5, zł10, zł20, zł50, zł100, and zł200 for whole Zloty amounts.