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base info Ondo

Ondo to Peruvian Sol Converter and calculator

Convert 1Ondo (ONDO) to Peruvian Sol (PEN) equals S/. 4.58 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Ondo(ONDO) to Peruvian Sol(PEN). This is the real-time data. The current conversion shows 1 ONDO at a value of 1 ONDO for 4.58 PEN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Ondo currency pair is the ONDO to PEN, with for Ondo's currency code being ONDO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PEN.

ONDO to PEN conversion rate trend

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In the past 1D, Ondo has changed +0.70% to PEN. Based on the trend and price charts, Ondo(ONDO) has changed +0.70% to PEN while Peruvian Sol(PEN) has changed % to ONDO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
S/.4.6
0.0001% / 0.0004%vip-iconVIP
Huobi
S/.4.6
0.1000% / 0.1000%
Yes
Gate.io
S/.4.6
0.1000% / 0.1000%
Yes
Bybit
S/.4.6
0.1000% / 0.1000%
Yes
KuCoin
S/.4.6
0.1000% / 0.1000%
Yes
Last updated 2024/05/29 12:00:21(UTC+0)

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

Ondo to Peruvian Sol is rising this week.
Ondo's current market price is S/. 4.58 per ONDO, with a total market cap of S/. 6,367,348,020.2 PEN based on a circulating supply of 1,389,759,900 ONDO. The trading volume of Ondo has changed by -9.75% (S/. -84,065,087.90 PEN) in the last 24 hours. Last trading day, ONDO's trading volume was S/. 862,551,050.18.
Market cap
$1.69B
24h volume
$207.16M
Circulating supply
1.39B ONDO

Conversion tables

The exchange rate of Ondo is increasing.
1 ONDO is currently valued at S/. 4.58 PEN , which means buying 5 ONDO will cost S/. 22.91 PEN . Similarly, S/.1 PEN can be traded for 0.2183 ONDO, and S/.50 PEN can be converted to 10.91 ONDO, excluding any platform or gas fees.
The exchange rate of 1 ONDO to Peruvian Sol has changed by +33.31% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.70%, reaching a high of 4.84 PEN and a low of 4.51 PEN . One month ago, the value of 1 ONDO was S/. 2.88 PEN , which represents a +59.33% change from its current value. Over the last year, Ondo has changed by
+S/.
0.8190PEN
, resulting in a change of --% in its value.

ONDO to PEN

Amount
12:07 today
0.5 ONDO
S/.2.29
1 ONDO
S/.4.58
5 ONDO
S/.22.91
10 ONDO
S/.45.82
50 ONDO
S/.229.08
100 ONDO
S/.458.16
500 ONDO
S/.2,290.81
1000 ONDO
S/.4,581.62

PEN to ONDO

Amount12:07 today
0.5PEN0.1091  ONDO
1PEN0.2183  ONDO
5PEN1.09  ONDO
10PEN2.18  ONDO
50PEN10.91  ONDO
100PEN21.83  ONDO
500PEN109.13  ONDO
1000PEN218.26  ONDO
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Today vs. 24 hours ago

Amount12:07 today24 hours ago24h change
0.5 ONDO$0.6096$0.6054
+0.70%
1 ONDO$1.22$1.21
+0.70%
5 ONDO$6.1$6.05
+0.70%
10 ONDO$12.19$12.11
+0.70%
50 ONDO$60.96$60.54
+0.70%
100 ONDO$121.92$121.07
+0.70%
500 ONDO$609.6$605.35
+0.70%
1000 ONDO$1,219.2$1,210.71
+0.70%

Today vs. 1 month ago

Amount12:07 today1 month ago1M change
0.5 ONDO$0.6096$0.3828
+59.33%
1 ONDO$1.22$0.7657
+59.33%
5 ONDO$6.1$3.83
+59.33%
10 ONDO$12.19$7.66
+59.33%
50 ONDO$60.96$38.28
+59.33%
100 ONDO$121.92$76.57
+59.33%
500 ONDO$609.6$382.84
+59.33%
1000 ONDO$1,219.2$765.67
+59.33%
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Today vs. 1 year ago

Amount12:07 today1 year ago1Y change
0.5 ONDO$0.6096$0.0006286
--
1 ONDO$1.22$0.001257
--
5 ONDO$6.1$0.006286
--
10 ONDO$12.19$0.01257
--
50 ONDO$60.96$0.06286
--
100 ONDO$121.92$0.1257
--
500 ONDO$609.6$0.6286
--
1000 ONDO$1,219.2$1.26
--

Ondo price prediction

What will the price of ONDO be in 2025?

Based on ONDO's historical price performance prediction model, the price of ONDO is projected to reach -- in 2025.

What will the price of ONDO be in 2030?

In 2030, the ONDO price is expected to rise by -18.00%. By the end of 2030, the ONDO price is projected to reach --, with a cumulative ROI of 0.00%.
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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Ondo and PEN.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Ondo and PEN. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Ondo in PEN, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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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.