Convert Peruvian Nuevo Sol to Euro
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Euro [EUR], or Convert Euro to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Euro
1 PEN = 4.17227629881553 EUR
Example: convert 15 PEN to EUR:
15 PEN = 15 × 4.17227629881553 EUR = 62.5841444822329 EUR
Peruvian Nuevo Sol to Euro Conversion Table
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.