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base info Avalanche

Avalanche to Peruvian Sol Converter and calculator

Convert 1Avalanche (AVAX) to Peruvian Sol (PEN) equals S/. 132.91 | Bitget

PEN information

About the Peruvian Sol (PEN)

What Is the Peruvian Sol (PEN)?

The Peruvian Sol, with the currency symbol: S/ and the ISO 4217 code PEN, is the sole legal tender of Peru. It's subdivided into 100 céntimos. The Sol, a term derived from the Latin 'solidus' and also meaning 'sun' in Spanish, symbolizes continuity from Peru's historic currency and its rich cultural heritage.

The Peruvian Sol is issued by the Central Reserve Bank of Peru (Banco Central de Reserva del Perú). This institution is responsible for the country's monetary policy, including the issuance and regulation of the national currency. The Central Reserve Bank of Peru plays a crucial role in maintaining the stability of the Sol and overseeing the country's financial system.

What Is the History of PEN?

Before Peru's independence in 1821, the Spanish colonial real was the prevalent currency. The Inca Empire, which preceded Spanish rule, used a unique accounting system called quipu instead of physical currency. Post-independence, Peru introduced its version of the real in 1822. However, following the global economic downturn in 1929, Peru faced severe hyperinflation. In 1963, the government introduced the sol, replacing the real. However, due to political instability and economic mismanagement, the sol was replaced by the inti in the 1980s. The late 1980s saw massive hyperinflation, leading to the introduction of the Nuevo Sol in the 1990s by President Alberto Fujimori. This move stabilized the economy, leading to lower inflation and better economic stability. The Nuevo Sol was renamed simply as Sol in 2015..

Notes and Coins of PEN

The Peruvian Sol comprises various denominations in both notes and coins, reflecting a rich blend of cultural and historical significance. Notes are available in denominations of 10, 20, 50, 100, and 200 Soles, each distinctively designed with iconic Peruvian figures, cultural symbols, and landmarks. Coins, on the other hand, come in denominations of 1, 2, and 5 Soles, along with smaller céntimos coins of 5, 10, 20, and 50 céntimos.

Is PEN Pegged to USD?

No, the Peruvian Sol (PEN) is not pegged to the United States Dollar (USD). The Sol operates under a floating exchange rate system, where its value is determined by market forces such as supply and demand in the foreign exchange market. This is in contrast to a pegged exchange rate system, where a country's currency value is fixed or tied to another major currency like the USD. Peru's monetary policy, managed by the Central Reserve Bank of Peru, allows the Sol to fluctuate freely against the USD and other foreign currencies.

Is PEN a Stable Currency?

The Peruvian Sol is recognized as a stable currency, particularly in the context of Latin American economies. As of January 2024, it was hailed as the most stable currency in the region, exhibiting less intense daily fluctuations in its exchange rate compared to its peers. This stability is underscored by the Sol's modest devaluation against the US dollar, with only a 41 Sol cent decrease from November 2018 to November 2023. Contributing to this stability are Peru's strong economic fundamentals, including a trade balance surplus of nearly $15 billion and international reserves approximating $75 billion, equivalent to 28% of its Gross Domestic Product. These factors collectively underscore the Sol's resilience and reliability as a currency in the global market.

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

AVAX to PEN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Avalanche has changed +2.22% to PEN. Based on the trend and price charts, Avalanche(AVAX) has changed +2.22% to PEN while Peruvian Sol(PEN) has changed % to AVAX in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
S/.133.4
0.0001% / 0.0004%vip-iconVIP
Binance
S/.133.2
0.1000% / 0.1000%
Yes
Coinbase Exchange
S/.133.31
0.1000% / 0.1000%
Yes
Kraken
S/.133.43
0.1000% / 0.1000%
Yes
OKX
S/.133.21
0.080% / 0.100%
Yes
Huobi
S/.133.15
0.1000% / 0.1000%
Yes
Gate.io
S/.133.16
0.1000% / 0.1000%
Yes
Bybit
S/.133.34
0.1000% / 0.1000%
Yes
KuCoin
S/.133.19
0.1000% / 0.1000%
Yes
Bitfinex
S/.133.09
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 12:00:30(UTC+0)

What factors influence the conversion rate of Avalanche to Peruvian Sol?

Avalanche to Peruvian Sol is falling this week.
Avalanche's current market price is S/. 132.91 per AVAX, with a total market cap of S/. 50,240,254,692.1 PEN based on a circulating supply of 377,989,820 AVAX. The trading volume of Avalanche has changed by +0.21% (S/. 5,481,042.02 PEN) in the last 24 hours. Last trading day, AVAX's trading volume was S/. 2,573,259,162.12.
Market cap
$13.36B
24h volume
$685.53M
Circulating supply
377.99M AVAX

Conversion tables

The exchange rate of Avalanche is decreasing.
1 AVAX is currently valued at S/. 132.91 PEN , which means buying 5 AVAX will cost S/. 664.57 PEN . Similarly, S/.1 PEN can be traded for 0.007524 AVAX, and S/.50 PEN can be converted to 0.3762 AVAX, excluding any platform or gas fees.
The exchange rate of 1 AVAX to Peruvian Sol has changed by -22.77% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.22%, reaching a high of 135.38 PEN and a low of 120.41 PEN . One month ago, the value of 1 AVAX was S/. 204.21 PEN , which represents a -34.88% change from its current value. Over the last year, Avalanche has changed by
+S/.
24.73PEN
, resulting in a change of +88.08% in its value.

AVAX to PEN

Amount
12:18 today
0.5 AVAX
S/.66.46
1 AVAX
S/.132.91
5 AVAX
S/.664.57
10 AVAX
S/.1,329.14
50 AVAX
S/.6,645.72
100 AVAX
S/.13,291.43
500 AVAX
S/.66,457.16
1000 AVAX
S/.132,914.31

PEN to AVAX

Amount12:18 today
0.5PEN0.003762  AVAX
1PEN0.007524  AVAX
5PEN0.03762  AVAX
10PEN0.07524  AVAX
50PEN0.3762  AVAX
100PEN0.7524  AVAX
500PEN3.76  AVAX
1000PEN7.52  AVAX
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Today vs. 24 hours ago

Amount12:18 today24 hours ago24h change
0.5 AVAX$17.67$17.28
+2.22%
1 AVAX$35.33$34.56
+2.22%
5 AVAX$176.67$172.82
+2.22%
10 AVAX$353.34$345.63
+2.22%
50 AVAX$1,766.68$1,728.17
+2.22%
100 AVAX$3,533.36$3,456.35
+2.22%
500 AVAX$17,666.79$17,281.73
+2.22%
1000 AVAX$35,333.58$34,563.46
+2.22%

Today vs. 1 month ago

Amount12:18 today1 month ago1M change
0.5 AVAX$17.67$27.14
-34.88%
1 AVAX$35.33$54.29
-34.88%
5 AVAX$176.67$271.43
-34.88%
10 AVAX$353.34$542.87
-34.88%
50 AVAX$1,766.68$2,714.34
-34.88%
100 AVAX$3,533.36$5,428.69
-34.88%
500 AVAX$17,666.79$27,143.44
-34.88%
1000 AVAX$35,333.58$54,286.88
-34.88%

Today vs. 1 year ago

Amount12:18 today1 year ago1Y change
0.5 AVAX$17.67$9.38
+88.08%
1 AVAX$35.33$18.76
+88.08%
5 AVAX$176.67$93.8
+88.08%
10 AVAX$353.34$187.6
+88.08%
50 AVAX$1,766.68$938
+88.08%
100 AVAX$3,533.36$1,876
+88.08%
500 AVAX$17,666.79$9,379.98
+88.08%
1000 AVAX$35,333.58$18,759.96
+88.08%

FAQ

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