Convert United States Dollar to Peruvian Nuevo Sol
Please provide values below to convert United States Dollar [USD] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to United States Dollar.
How to Convert United States Dollar to Peruvian Nuevo Sol
1 USD = 0.281080473339517 PEN
Example: convert 15 USD to PEN:
15 USD = 15 × 0.281080473339517 PEN = 4.21620710009276 PEN
United States Dollar to Peruvian Nuevo Sol Conversion Table
| United States Dollar | Peruvian Nuevo Sol |
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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.
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.