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Speedy to Peruvian Sol Converter and calculator

Convert 1Speedy (SPEEDY) to Peruvian Sol (PEN) equals S/. 0.{5}8757 | Bitget
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 Speedy(SPEEDY) to Peruvian Sol(PEN). This is the real-time data. The current conversion shows 1 SPEEDY at a value of 1 SPEEDY for 0.00 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 Speedy currency pair is the SPEEDY to PEN, with for Speedy's currency code being SPEEDY. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PEN.

SPEEDY to PEN conversion rate trend

In the past 1D, Speedy has changed -8.55% to PEN. Based on the trend and price charts, Speedy(SPEEDY) has changed -8.55% to PEN while Peruvian Sol(PEN) has changed % to SPEEDY in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/05/24 02:12:32(UTC+0)

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

Speedy to Peruvian Sol is falling this week.
Speedy's current market price is S/. 0.{5}8757 per SPEEDY, with a total market cap of S/. 0 PEN based on a circulating supply of -- SPEEDY. The trading volume of Speedy has changed by -23.48% (S/. -299,061.54 PEN) in the last 24 hours. Last trading day, SPEEDY's trading volume was S/. 1,273,924.99.
Market cap
24h volume
Circulating supply

Conversion tables

The exchange rate of Speedy is decreasing.
1 SPEEDY is currently valued at S/. 0.{5}8757 PEN , which means buying 5 SPEEDY will cost S/. 0.{4}4378 PEN . Similarly, S/.1 PEN can be traded for 114,197.53 SPEEDY, and S/.50 PEN can be converted to 5,709,876.66 SPEEDY, excluding any platform or gas fees.
The exchange rate of 1 SPEEDY to Peruvian Sol has changed by -55.28% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.55%, reaching a high of 0.{5}9757 PEN and a low of 0.{5}8002 PEN . One month ago, the value of 1 SPEEDY was S/. 0.{4}3856 PEN , which represents a -77.29% change from its current value. Over the last year, Speedy has changed by
, resulting in a change of --% in its value.


02:12 am today


Amount02:12 am today
0.5PEN57,098.77  SPEEDY
1PEN114,197.53  SPEEDY
5PEN570,987.67  SPEEDY
10PEN1,141,975.33  SPEEDY
50PEN5,709,876.66  SPEEDY
100PEN11,419,753.31  SPEEDY
500PEN57,098,766.56  SPEEDY
1000PEN114,197,533.12  SPEEDY
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Today vs. 24 hours ago

Amount02:12 am today24 hours ago24h change
0.5 SPEEDY$0.{5}1172$0.{5}1281
1 SPEEDY$0.{5}2343$0.{5}2562
5 SPEEDY$0.{4}1172$0.{4}1281
10 SPEEDY$0.{4}2343$0.{4}2562
50 SPEEDY$0.0001172$0.0001281
100 SPEEDY$0.0002343$0.0002562
500 SPEEDY$0.001172$0.001281
1000 SPEEDY$0.002343$0.002562

Today vs. 1 month ago

Amount02:12 am today1 month ago1M change
0.5 SPEEDY$0.{5}1172$0.{5}5160
1 SPEEDY$0.{5}2343$0.{4}1032
5 SPEEDY$0.{4}1172$0.{4}5160
10 SPEEDY$0.{4}2343$0.0001032
50 SPEEDY$0.0001172$0.0005160
100 SPEEDY$0.0002343$0.001032
500 SPEEDY$0.001172$0.005160
1000 SPEEDY$0.002343$0.01032
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Today vs. 1 year ago

Amount02:12 am today1 year ago1Y change
0.5 SPEEDY$0.{5}1172$0.00
1 SPEEDY$0.{5}2343$0.00
5 SPEEDY$0.{4}1172$0.00
10 SPEEDY$0.{4}2343$0.00
50 SPEEDY$0.0001172$0.00
100 SPEEDY$0.0002343$0.00
500 SPEEDY$0.001172$0.00
1000 SPEEDY$0.002343$0.00

Speedy price prediction

What will the price of SPEEDY be in 2025?

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

What will the price of SPEEDY be in 2030?

In 2030, the SPEEDY price is expected to rise by -7.00%. By the end of 2030, the SPEEDY price is projected to reach --, with a cumulative ROI of 0.00%.
Buy Speedy for 1 PEN
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Buy Speedy for 1 PEN
A welcome pack worth 1000 USDT for new Bitgetters!
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Buy Speedy for 1 PEN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Speedy now


Buy Speedy for 1 PEN

A welcome pack worth 1000 USDT for new Bitgetters!

Buy Speedy now
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