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base info Mantle

Mantle to Peruvian Sol Converter and calculator

Convert 1Mantle (MNT) to Peruvian Sol (PEN) equals S/. 4.19 | 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 Mantle currency pair is the MNT to PEN, with for Mantle's currency code being MNT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PEN.

MNT to PEN conversion rate trend

1D7D1M3M1YAll
In the past 1D, Mantle has changed -4.08% to PEN. Based on the trend and price charts, Mantle(MNT) has changed -4.08% to PEN while Peruvian Sol(PEN) has changed % to MNT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
S/.4.19
0.0001% / 0.0004%vip-iconVIP
Huobi
S/.4.11
0.1000% / 0.1000%
Yes
Gate.io
S/.4.11
0.1000% / 0.1000%
Yes
Bybit
S/.4.1
0.1000% / 0.1000%
Yes
KuCoin
S/.4.12
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 03:00:32(UTC+0)

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

Mantle to Peruvian Sol is falling this week.
Mantle's current market price is S/. 4.19 per MNT, with a total market cap of S/. 13,690,323,334.93 PEN based on a circulating supply of 3,264,441,600 MNT. The trading volume of Mantle has changed by -2.35% (S/. -7,792,662.28 PEN) in the last 24 hours. Last trading day, MNT's trading volume was S/. 331,644,987.97.
Market cap
$3.65B
24h volume
$86.42M
Circulating supply
3.26B MNT

Conversion tables

The exchange rate of Mantle is increasing.
1 MNT is currently valued at S/. 4.19 PEN , which means buying 5 MNT will cost S/. 20.97 PEN . Similarly, S/.1 PEN can be traded for 0.2384 MNT, and S/.50 PEN can be converted to 11.92 MNT, excluding any platform or gas fees.
The exchange rate of 1 MNT to Peruvian Sol has changed by -14.68% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.08%, reaching a high of 4.41 PEN and a low of 4.05 PEN . One month ago, the value of 1 MNT was S/. 3.06 PEN , which represents a +37.42% change from its current value. Over the last year, Mantle has changed by
+S/.
0.4167PEN
, resulting in a change of --% in its value.

MNT to PEN

Amount
03:24 am today
0.5 MNT
S/.2.1
1 MNT
S/.4.19
5 MNT
S/.20.97
10 MNT
S/.41.94
50 MNT
S/.209.69
100 MNT
S/.419.38
500 MNT
S/.2,096.89
1000 MNT
S/.4,193.77

PEN to MNT

Amount03:24 am today
0.5PEN0.1192  MNT
1PEN0.2384  MNT
5PEN1.19  MNT
10PEN2.38  MNT
50PEN11.92  MNT
100PEN23.84  MNT
500PEN119.22  MNT
1000PEN238.45  MNT
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Today vs. 24 hours ago

Amount03:24 am today24 hours ago24h change
0.5 MNT$0.5596$0.5832
-4.08%
1 MNT$1.12$1.17
-4.08%
5 MNT$5.6$5.83
-4.08%
10 MNT$11.19$11.66
-4.08%
50 MNT$55.96$58.32
-4.08%
100 MNT$111.91$116.64
-4.08%
500 MNT$559.56$583.19
-4.08%
1000 MNT$1,119.12$1,166.38
-4.08%

Today vs. 1 month ago

Amount03:24 am today1 month ago1M change
0.5 MNT$0.5596$0.4083
+37.42%
1 MNT$1.12$0.8165
+37.42%
5 MNT$5.6$4.08
+37.42%
10 MNT$11.19$8.17
+37.42%
50 MNT$55.96$40.83
+37.42%
100 MNT$111.91$81.65
+37.42%
500 MNT$559.56$408.27
+37.42%
1000 MNT$1,119.12$816.53
+37.42%

Today vs. 1 year ago

Amount03:24 am today1 year ago1Y change
0.5 MNT$0.5596$0.003961
--
1 MNT$1.12$0.007922
--
5 MNT$5.6$0.03961
--
10 MNT$11.19$0.07922
--
50 MNT$55.96$0.3961
--
100 MNT$111.91$0.7922
--
500 MNT$559.56$3.96
--
1000 MNT$1,119.12$7.92
--

FAQ

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.