Convert Peruvian Nuevo Sol to United States Dollar
Please provide values below to convert Peruvian Nuevo Sol [PEN] to United States Dollar [USD], or Convert United States Dollar to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to United States Dollar
1 PEN = 3.5577 USD
Example: convert 15 PEN to USD:
15 PEN = 15 × 3.5577 USD = 53.3655 USD
Peruvian Nuevo Sol to United States Dollar 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.
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.