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PHA to GBP Converter and calculator

PHA/GBP: 1 PHA = 0.08244 GBP. The price of converting 1 Phala Network (PHA) to Pound Sterling (GBP) is 0.08244 GBP today.
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PHA
GBP
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PHA to GBP real-time exchange rates, making it easy to convert Phala Network (PHA) to Pound Sterling (GBP). The conversion result is based on real-time data. The conversion result shows that 1 PHA is currently valued at 0.08 GBP. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PHA is currently valued at 0.08 GBP, which means buying 5 PHA would cost 0.41 GBP. Similarly, £1 GBP can be converted to 12.13 PHA, and £50 GBP can be converted to 60.65 PHA, excluding any platform or gas fees.

Network (PHA) has been listed in the Innovation, AI and DePin Zone. You can quickly sell or buy PHA. Spot Trading Link: PHA/USDT.

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Convert PHA to GBP

Convert GBP to PHA

Phala Network
Pound Sterling
In the table above, you'll find a comprehensive PHA to GBP converter that shows the value of Phala Network in Pound Sterling across commonly used conversion amounts. The list covers conversions from 1 PHA to GBP, all the way up to 10000 PHA, providing a clear view of their respective values.
Pound Sterling
Phala Network
10000 GBP
121,300.83 PHA
50000 GBP
606,504.14 PHA
100000 GBP
1,213,008.29 PHA
In the table above, you'll find a comprehensive GBP to PHA converter that shows the value of Pound Sterling in Phala Network across commonly used conversion amounts. The list covers conversions from 1 GBP to PHA, all the way up to 100000 GBP, providing a clear view of their respective values.

PHA to GBP chart

PHA/GBP: 1 PHA = 0.08244 GBP; 2025/04/28 23:13:12
In the past 1D, Phala Network has changed +2.05% to GBP. Based on the trend and price charts, Phala Network(PHA) has changed +2.05% to GBP while Pound Sterling(GBP) has changed % to PHA in the last 24 hours.
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PHA to GBP conversion data: Volatility and price changes of Phala Network in GBP

The highest Phala Network price in GBP over the past 7 days was 0.09052 GBP while the lowest Phala Network price in GBP over the past 7 days was 0.07245 GBP. The relative change between the highs and lows in Phala Network price in GBP over the last 7 days indicates a volatility of %. You can view additional volatility data and PHA to GBP prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.08419 GBP
0.09052 GBP
0.09052 GBP
0.1596 GBP
Low
0.07811 GBP
0.07245 GBP
0.05658 GBP
0.05658 GBP
Average
0 GBP
0 GBP
0 GBP
0 GBP
Volatility
%
%
%
%
Change
+2.05%
+10.96%
+3.89%
-40.59%

Phala Network information

PHA to GBP market statistics

PHA/GBP:
£0.08244
PHA 24h volume:
£10,752,645.62
PHA market cap:
£65,273,829.74
PHA circulating supply:
791.78M PHA

Current PHA to GBP exchange rate

Phala Network to Pound Sterling is rising this week.
Phala Network's current market price is £0.08244 per PHA, with a total market cap of £65,273,829.74 GBP based on a circulating supply of 791,776,960 PHA. The trading volume of Phala Network has changed by +4.90% (£502,102.36 GBP) in the last 24 hours. Last trading day, PHA's trading volume was £10,250,543.26.

More info about Phala Network on Bitget

Pound Sterling information

About the Pound Sterling (GBP)

What Is the Pound Sterling (GBP)?

The Pound Sterling, commonly known as the sterling or pound and abbreviated as GBP, is the national currency of the United Kingdom (including England, Scotland, Wales, and Northern Ireland), the Isle of Man, South Sandwich Islands, Gibraltar, South Georgia, and the British Antarctic Territory. It holds the distinction of being the oldest currency still in continuous use today. The symbol for the pound is £, and it is divided into 100 smaller units called pence.

GBP is the fourth most traded currency in the foreign exchange market, following the US dollar, the euro, and the Japanese yen. It is also part of the basket of currencies used by the International Monetary Fund (IMF) to calculate its special drawing rights. The Bank of England, the central bank of the UK, is responsible for issuing and regulating the pound. While banknotes are issued in England and Wales by the Bank of England, Scotland and Northern Ireland have their own banknotes, which are not governed by the Bank of England but are accepted throughout the UK.

What Is the History of GBP?

The term "pound sterling" originates from the Latin word "libra," denoting balance and weight. The pound coin was first introduced in 1489 during the reign of Henry VII. The Bank of England, established in 1694, began issuing pound notes shortly thereafter. These notes were initially handwritten. The pound operated in a complex system of shillings and pennies until 1971 when the decimal system was adopted. The UK allowed the pound to float freely in the currency market in 1971, letting market forces determine its value. Despite the introduction of the euro in 2002, the UK chose to retain the pound as its currency.

Notes and Coins of GBP

The pound sterling is available in various denominations. Banknotes are issued in £5, £10, £20, and £50 denominations, with some being printed on polymer for durability. Coins are minted in 1p, 2p, 5p, 10p, 20p, 50p, £1, and £2 denominations.

What Is a Quid?

"Quid" is a slang term commonly used in the United Kingdom to refer to the British pound sterling (GBP), the currency of the United Kingdom. Its exact origin is unclear, but the most accepted theory is that it derives from the Latin phrase "quid pro quo," meaning "something for something," often used in financial and legal contexts. Another less substantiated theory links it to the Royal Mint in Quidhampton, Wiltshire. Over time, "quid" has become synonymous with "pound" in everyday British vernacular, used in the same informal manner as "bucks" is for dollars in the United States. Notably, the term remains singular regardless of the amount, so one would say "twenty quid" instead of "twenty quids."

Why Is GBP Worth More Than USD?

The British Pound (GBP) often holds a higher value than the US Dollar (USD) due to a combination of historical, economic, and market factors, rather than a direct reflection of the respective economies' strength. Historically, the GBP was the dominant currency in foreign exchange, with £1 fetching more than $5 before World War I. As of January 2024, the GBP continued to exhibit strength, maintaining a value of over 1.25 USD. This resilience is evident even after significant events like the 2007–2009 financial crisis, where the GBP peaked at just over 2.00 USD but later stabilized to 1.40–1.45. The impact of Brexit in 2016 further influenced this dynamic, causing a sharp fall in the GBP from the 1.40–1.45 range to 1.20–1.25, and reaching a 30-year low of about $1.05 in September 2022. This trend reflects the relative economic conditions of the UK and the US, with the UK facing challenges from Brexit and the US economy showing improvement. The total circulation of GBP is also much lower than that of USD, contributing to its higher nominal value.

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

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How to convert PHA to GBP

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Bitget P2P trading does not currently support direct buying of PHA with GBP. However, you can buy USDT in Bitget P2P trading first, and then buy PHA with USDT via Bitget spot market.
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PHA to GBP Conversion tables

The exchange rate of Phala Network is increasing.
The exchange rate of 1 PHA to Pound Sterling has changed by +10.96% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.05%, reaching a high of 0.08419 GBP and a low of 0.07811 GBP . One month ago, the value of 1 PHA was £0.07936 GBP , which represents a +3.89% change from its current value. Over the last year, Phala Network has changed by
-£
0.06320GBP
, resulting in a change of -43.39% in its value.
24 hours ago1 month ago1 year ago
Amount23:13 today24 hours ago24h change
0.5 PHA£0.04122£0.04039
+2.05%
1 PHA£0.08244£0.08078
+2.05%
5 PHA£0.4122£0.4039
+2.05%
10 PHA£0.8244£0.8078
+2.05%
50 PHA£4.12£4.04
+2.05%
100 PHA£8.24£8.08
+2.05%
500 PHA£41.22£40.39
+2.05%
1000 PHA£82.44£80.78
+2.05%

PHA to GBP FAQ

How much is 1 Phala Network in GBP?
Right now, the price of 1 Phala Network (PHA) in Pound Sterling (GBP) is £0.08244.
How much PHA can I buy for 1 GBP?
Based on the current exchange rate, you can get 12.13 PHA for 1 GBP.
How do I calculate or convert PHA to GBP?
You can use our PHA to GBP calculator at the top of this page to convert any amount of PHA to GBP. We've also included quick-reference tables for the most popular conversions. For example, 5 GBP is equivalent to 60.65 PHA, while 5 PHA will cost around 0.4122GBP.
What is the highest price of PHA/GBP in history?
The all-time high price of 1 PHA in GBP is £1.05. It remains to be seen if the value of 1 PHA/GBP will exceed the current all-time high.
What is the price trend of Phala Network in GBP?
Over the past 7 days, the exchange rate of Phala Network (PHA) has gone up by 10.96%.   Over the last month, the exchange rate of Phala Network (PHA) has gone up by 3.89% against Pound Sterling (GBP).

What factors influence the conversion rate of PHA to GBP?

There are many factors that affect the relationship between Phala Network and Pound Sterling, 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 PHA/GBP. When there is positive news in the market about the widespread adoption of PHA or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PHA/GBP. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PHA/GBP.
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 PHA/GBP. 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 Phala Network and adjust their investment strategies accordingly in the evolving market.

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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.