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Polygon to Euro Converter and calculator

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Convert 1Polygon (MATIC) to Euro (EUR) equals € 0.1964 | Bitget
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Last updated as of 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 Euro(EUR). This is the real-time data. The current conversion shows 1 MATIC at a value of 1 MATIC for 0.20 EUR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

EUR information

About the Euro (EUR)

What Is the Euro (EUR)?

The Euro (currency symbol: EUR, code: 978) is the official currency of the Eurozone, a monetary union of 20 out of 27 European Union (EU) member countries. Known for its distinctive € symbol, the Euro is a major global currency, playing a pivotal role in international finance and trade. Introduced in 1999, it has since replaced the national currencies of its member countries, creating a unified economic and monetary system across much of Europe.

The Euro is issued by the European Central Bank (ECB) and the national central banks of the countries that are part of the Eurozone. The ECB, headquartered in Frankfurt, Germany, is the central authority responsible for the monetary policy of the Eurozone and works in conjunction with the national central banks of the member countries.

Euro Area Member Countries

The Eurozone, also known as the euro area, comprises Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. These countries have adopted the Euro as their sole legal tender, facilitating seamless economic transactions across borders.

What Is the History of EUR?

The Euro was established by the provisions in the 1992 Maastricht Treaty on European Union. Physical Euro banknotes and coins entered into circulation on January 1, 2002, marking a significant step in European economic integration. The currency was launched initially for electronic transfers and accounting purposes in 1999, replacing the European Currency Unit (ECU) at a 1:1 value.

Notes and Coins of EUR

Euro banknotes and coins, introduced on January 1, 2002, are the tangible representations of the Euro, the currency used across the Eurozone. The banknotes, available in seven denominations (€5, €10, €20, €50, €100, €200, and €500), showcase a range of architectural styles from various periods of European history, deliberately avoiding specific real-life monuments to maintain neutrality among member countries. The Euro coins, on the other hand, come in eight denominations (1, 2, 5, 10, 20, and 50 cents, and €1 and €2) and feature a common European side displaying the coin's value, and a national side with designs unique to the issuing country, often reflecting cultural and historical symbols. These coins are made from various alloys, including copper-covered steel and Nordic gold, and are legal tender across the Eurozone, irrespective of the country of issuance.

Is EUR the Most Used Currency in the World?

No, the Euro is not the most used currency globally; that title belongs to the United States Dollar (USD). The USD is the leading currency in terms of its use in international transactions, its role as the primary reserve currency held by central banks and financial institutions worldwide, and its dominance in the global financial markets.

However, the Euro is a close second and is indeed one of the world's most important currencies. It is the official currency of the Eurozone, which consists of a significant number of European countries. The Euro is the second-most widely held reserve currency and the second-most traded currency in the foreign exchange market after the USD.

What Is the Relationship Between EUR and USD?

The relationship between the Euro (EUR) and the United States Dollar (USD) is a cornerstone of the global financial landscape, primarily defined by the dynamics of their exchange rate, which is one of the most actively monitored and traded in the world. This rate is influenced by a myriad of factors, including the economic health and monetary policies of the Eurozone and the United States, as dictated by the European Central Bank and the Federal Reserve respectively. Key economic indicators, interest rate differentials, and political events significantly sway this relationship. Both currencies play crucial roles in international trade and investment, with fluctuations in trade balances and economic conditions in either region affecting their demand and value. While the USD often holds the status of a 'safe-haven' currency, the Euro also assumes this role within certain contexts, with their relative strengths shifting in response to global economic uncertainties. As major global reserve currencies, changes in central banks' reserve allocations can impact their respective values. Furthermore, the interdependency of the US and Eurozone economies means that developments in one can have substantial repercussions in the other, influencing the EUR/USD exchange rate.

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

MATIC to EUR conversion rate trend

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In the past 1D, Polygon has changed +5.05% to EUR. Based on the trend and price charts, Polygon(MATIC) has changed +5.05% to EUR while Euro(EUR) has changed % to MATIC in the last 24 hours.

MATIC to EUR market statistics

MATIC/EUR:
€ 0.1964
MATIC 24h volume:
€ 2,905,134.1
MATIC market cap:
€ 375,841,167.72
MATIC circulating supply:
1.91B MATIC

Current MATIC to EUR exchange rate

Polygon to Euro is falling this week.
Polygon's current market price is € 0.1964 per MATIC, with a total market cap of € 375,841,167.72 EUR based on a circulating supply of 1,913,783,700 MATIC. The trading volume of Polygon has changed by -7.11% (€ -222,435.91 EUR) in the last 24 hours. Last trading day, MATIC's trading volume was € 3,127,570.

MATIC to EUR Conversion tables

The exchange rate of Polygon is decreasing.
1 MATIC is currently valued at € 0.1964 EUR , which means buying 5 MATIC will cost € 0.9819 EUR . Similarly, €1 EUR can be traded for 5.09 MATIC, and €50 EUR can be converted to 254.6 MATIC, excluding any platform or gas fees.
The exchange rate of 1 MATIC to Euro has changed by -0.65% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.05%, reaching a high of 0.2004 EUR and a low of 0.1875 EUR . One month ago, the value of 1 MATIC was € 0.2892 EUR , which represents a -32.03% change from its current value. Over the last year, Polygon has changed by
-
0.6895EUR
, resulting in a change of -77.78% in its value.

MATIC to EUR

Amount
18:49 today
0.5 MATIC
0.09819
1 MATIC
0.1964
5 MATIC
0.9819
10 MATIC
1.96
50 MATIC
9.82
100 MATIC
19.64
500 MATIC
98.19
1000 MATIC
196.39

EUR to MATIC

Amount18:49 today
0.5EUR2.55  MATIC
1EUR5.09  MATIC
5EUR25.46  MATIC
10EUR50.92  MATIC
50EUR254.6  MATIC
100EUR509.2  MATIC
500EUR2,546  MATIC
1000EUR5,092  MATIC
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MATIC to EUR Today vs. 24 hours ago

Amount18:49 today24 hours ago24h change
0.5 MATIC€0.09819€0.09346
+5.05%
1 MATIC€0.1964€0.1869
+5.05%
5 MATIC€0.9819€0.9346
+5.05%
10 MATIC€1.96€1.87
+5.05%
50 MATIC€9.82€9.35
+5.05%
100 MATIC€19.64€18.69
+5.05%
500 MATIC€98.19€93.46
+5.05%
1000 MATIC€196.39€186.91
+5.05%

MATIC to EUR Today vs. 1 month ago

Amount18:49 today1 month ago1M change
0.5 MATIC€0.09819€0.1446
-32.03%
1 MATIC€0.1964€0.2892
-32.03%
5 MATIC€0.9819€1.45
-32.03%
10 MATIC€1.96€2.89
-32.03%
50 MATIC€9.82€14.46
-32.03%
100 MATIC€19.64€28.92
-32.03%
500 MATIC€98.19€144.6
-32.03%
1000 MATIC€196.39€289.19
-32.03%

MATIC to EUR Today vs. 1 year ago

Amount18:49 today1 year ago1Y change
0.5 MATIC€0.09819€0.4430
-77.78%
1 MATIC€0.1964€0.8859
-77.78%
5 MATIC€0.9819€4.43
-77.78%
10 MATIC€1.96€8.86
-77.78%
50 MATIC€9.82€44.3
-77.78%
100 MATIC€19.64€88.59
-77.78%
500 MATIC€98.19€442.96
-77.78%
1000 MATIC€196.39€885.92
-77.78%

How to convert MATIC to EUR

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Convert MATIC to EUR
Use a variety of payment options to buy Polygon on Bitget. We'll show you how.

Buy MATIC (or USDT) for EUR (Euro) offers

Bitget P2P trading does not currently support direct buying of MATIC with EUR. However, you can buy USDT in Bitget P2P trading first, and then buy MATIC with USDT via Bitget spot market.
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Sell MATIC (or USDT) for EUR (Euro) offers

Bitget P2P trading currently does not support direct selling of MATIC to EUR. However, you can first exchange MATIC for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
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What factors influence the conversion rate of MATIC to EUR?

There are many factors that affect the relationship between Polygon and Euro, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MATIC/EUR. When there is positive news in the market about the widespread adoption of MATIC or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MATIC/EUR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MATIC/EUR.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MATIC/EUR. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Polygon and adjust their investment strategies accordingly in the evolving market.

Polygon price prediction

What will the price of MATIC be in 2026?

Based on MATIC's historical price performance prediction model, the price of MATIC is projected to reach $0.2104 in 2026.

What will the price of MATIC be in 2031?

In 2031, the MATIC price is expected to change by +16.00%. By the end of 2031, the MATIC price is projected to reach $0.3689, with a cumulative ROI of +80.52%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Polygon and EUR.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Polygon and EUR. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Polygon in EUR, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.