Convert Peruvian Nuevo Sol to Mexican Peso
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Mexican Peso [MXN], or Convert Mexican Peso to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Mexican Peso
1 PEN = 0.190820737816586 MXN
Example: convert 15 PEN to MXN:
15 PEN = 15 × 0.190820737816586 MXN = 2.8623110672488 MXN
Peruvian Nuevo Sol to Mexican Peso 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.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.