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base info OKB

OKB to Peruvian Sol Converter and calculator

Convert 1OKB (OKB) to Peruvian Sol (PEN) equals S/. 218.13 | 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 OKB currency pair is the OKB to PEN, with for OKB's currency code being OKB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PEN.

OKB to PEN conversion rate trend

1D7D1M3M1YAll
In the past 1D, OKB has changed +7.27% to PEN. Based on the trend and price charts, OKB(OKB) has changed +7.27% to PEN while Peruvian Sol(PEN) has changed % to OKB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
S/.218.13
0.0001% / 0.0004%vip-iconVIP
OKX
S/.217.68
0.080% / 0.100%
Yes
Gate.io
S/.217.3
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 13:00:16(UTC+0)

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

OKB to Peruvian Sol is rising this week.
OKB's current market price is S/. 218.13 per OKB, with a total market cap of S/. 13,088,068,286.32 PEN based on a circulating supply of 60,000,000 OKB. The trading volume of OKB has changed by +411.24% (S/. 164,871,168.65 PEN) in the last 24 hours. Last trading day, OKB's trading volume was S/. 40,091,638.09.
Market cap
$3.52B
24h volume
$55.10M
Circulating supply
60.00M OKB

Conversion tables

The exchange rate of OKB is decreasing.
1 OKB is currently valued at S/. 218.13 PEN , which means buying 5 OKB will cost S/. 1,090.67 PEN . Similarly, S/.1 PEN can be traded for 0.004584 OKB, and S/.50 PEN can be converted to 0.2292 OKB, excluding any platform or gas fees.
The exchange rate of 1 OKB to Peruvian Sol has changed by +0.60% in the last 7 days. In the last 24 hours, the rate has fluctuated by +7.27%, reaching a high of 229.71 PEN and a low of 199.75 PEN . One month ago, the value of 1 OKB was S/. 236.09 PEN , which represents a -7.59% change from its current value. Over the last year, OKB has changed by
+S/.
2.3PEN
, resulting in a change of +14.89% in its value.

OKB to PEN

Amount
13:31 today
0.5 OKB
S/.109.07
1 OKB
S/.218.13
5 OKB
S/.1,090.67
10 OKB
S/.2,181.34
50 OKB
S/.10,906.72
100 OKB
S/.21,813.45
500 OKB
S/.109,067.24
1000 OKB
S/.218,134.48

PEN to OKB

Amount13:31 today
0.5PEN0.002292  OKB
1PEN0.004584  OKB
5PEN0.02292  OKB
10PEN0.04584  OKB
50PEN0.2292  OKB
100PEN0.4584  OKB
500PEN2.29  OKB
1000PEN4.58  OKB
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Today vs. 24 hours ago

Amount13:31 today24 hours ago24h change
0.5 OKB$29.32$27.33
+7.27%
1 OKB$58.64$54.66
+7.27%
5 OKB$293.22$273.3
+7.27%
10 OKB$586.43$546.59
+7.27%
50 OKB$2,932.15$2,732.96
+7.27%
100 OKB$5,864.3$5,465.92
+7.27%
500 OKB$29,321.52$27,329.6
+7.27%
1000 OKB$58,643.03$54,659.2
+7.27%

Today vs. 1 month ago

Amount13:31 today1 month ago1M change
0.5 OKB$29.32$31.73
-7.59%
1 OKB$58.64$63.47
-7.59%
5 OKB$293.22$317.35
-7.59%
10 OKB$586.43$634.7
-7.59%
50 OKB$2,932.15$3,173.5
-7.59%
100 OKB$5,864.3$6,347
-7.59%
500 OKB$29,321.52$31,734.99
-7.59%
1000 OKB$58,643.03$63,469.98
-7.59%

Today vs. 1 year ago

Amount13:31 today1 year ago1Y change
0.5 OKB$29.32$25.51
+14.89%
1 OKB$58.64$51.03
+14.89%
5 OKB$293.22$255.13
+14.89%
10 OKB$586.43$510.25
+14.89%
50 OKB$2,932.15$2,551.27
+14.89%
100 OKB$5,864.3$5,102.53
+14.89%
500 OKB$29,321.52$25,512.67
+14.89%
1000 OKB$58,643.03$51,025.34
+14.89%

FAQ

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