Convert Peruvian Nuevo Sol to Canadian Dollar
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Canadian Dollar [CAD], or Convert Canadian Dollar to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Canadian Dollar
1 PEN = 2.61115596330275 CAD
Example: convert 15 PEN to CAD:
15 PEN = 15 × 2.61115596330275 CAD = 39.1673394495413 CAD
Peruvian Nuevo Sol to Canadian Dollar Conversion Table
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.