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Pangolin to Peruvian Sol Converter and calculator

Convert 1Pangolin (PNG) to Peruvian Sol (PEN) equals S/. 2.13 | 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 Pangolin(PNG) to Peruvian Sol(PEN). This is the real-time data. The current conversion shows 1 PNG at a value of 1 PNG for 2.13 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 Pangolin currency pair is the PNG to PEN, with for Pangolin's currency code being PNG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PEN.

PNG to PEN conversion rate trend

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In the past 1D, Pangolin has changed -0.53% to PEN. Based on the trend and price charts, Pangolin(PNG) has changed -0.53% to PEN while Peruvian Sol(PEN) has changed % to PNG in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
S/.2.13
0.0001% / 0.0004%vip-iconVIP
Gate.io
S/.2.11
0.1000% / 0.1000%
Yes
Last updated 2024/05/22 14:00:15(UTC+0)

How to buy Pangolin

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Buy Pangolin (PNG)
Use a variety of payment options to buy Pangolin on Bitget. We'll show you how.

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

Pangolin to Peruvian Sol is rising this week.
Pangolin's current market price is S/. 2.13 per PNG, with a total market cap of S/. 465,423,263.39 PEN based on a circulating supply of 218,373,970 PNG. The trading volume of Pangolin has changed by +54.73% (S/. 4,172,943.37 PEN) in the last 24 hours. Last trading day, PNG's trading volume was S/. 7,625,115.12.
Market cap
$124.57M
24h volume
$3.16M
Circulating supply
218.37M PNG

Conversion tables

The exchange rate of Pangolin is increasing.
1 PNG is currently valued at S/. 2.13 PEN , which means buying 5 PNG will cost S/. 10.66 PEN . Similarly, S/.1 PEN can be traded for 0.4692 PNG, and S/.50 PEN can be converted to 23.46 PNG, excluding any platform or gas fees.
The exchange rate of 1 PNG to Peruvian Sol has changed by +6.63% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.53%, reaching a high of 2.31 PEN and a low of 2.1 PEN . One month ago, the value of 1 PNG was S/. 1.56 PEN , which represents a +36.36% change from its current value. Over the last year, Pangolin has changed by
+S/.
2.01PEN
, resulting in a change of +1703.55% in its value.

PNG to PEN

Amount
14:49 today
0.5 PNG
S/.1.07
1 PNG
S/.2.13
5 PNG
S/.10.66
10 PNG
S/.21.31
50 PNG
S/.106.57
100 PNG
S/.213.13
500 PNG
S/.1,065.66
1000 PNG
S/.2,131.31

PEN to PNG

Amount14:49 today
0.5PEN0.2346  PNG
1PEN0.4692  PNG
5PEN2.35  PNG
10PEN4.69  PNG
50PEN23.46  PNG
100PEN46.92  PNG
500PEN234.6  PNG
1000PEN469.19  PNG
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Today vs. 24 hours ago

Amount14:49 today24 hours ago24h change
0.5 PNG$0.2852$0.2868
-0.53%
1 PNG$0.5705$0.5735
-0.53%
5 PNG$2.85$2.87
-0.53%
10 PNG$5.7$5.74
-0.53%
50 PNG$28.52$28.68
-0.53%
100 PNG$57.05$57.35
-0.53%
500 PNG$285.23$286.77
-0.53%
1000 PNG$570.46$573.53
-0.53%

Today vs. 1 month ago

Amount14:49 today1 month ago1M change
0.5 PNG$0.2852$0.2092
+36.36%
1 PNG$0.5705$0.4184
+36.36%
5 PNG$2.85$2.09
+36.36%
10 PNG$5.7$4.18
+36.36%
50 PNG$28.52$20.92
+36.36%
100 PNG$57.05$41.84
+36.36%
500 PNG$285.23$209.18
+36.36%
1000 PNG$570.46$418.37
+36.36%
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Today vs. 1 year ago

Amount14:49 today1 year ago1Y change
0.5 PNG$0.2852$0.01583
+1703.55%
1 PNG$0.5705$0.03167
+1703.55%
5 PNG$2.85$0.1583
+1703.55%
10 PNG$5.7$0.3167
+1703.55%
50 PNG$28.52$1.58
+1703.55%
100 PNG$57.05$3.17
+1703.55%
500 PNG$285.23$15.83
+1703.55%
1000 PNG$570.46$31.67
+1703.55%

Pangolin price prediction

What will the price of PNG be in 2025?

Based on PNG's historical price performance prediction model, the price of PNG is projected to reach $0.6639 in 2025.

What will the price of PNG be in 2030?

In 2030, the PNG price is expected to rise by +8.00%. By the end of 2030, the PNG price is projected to reach $1.08, with a cumulative ROI of +89.63%.
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FAQ

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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.