Convert Qatari Rial to Peruvian Nuevo Sol
Please provide values below to convert Qatari Rial [QAR] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Qatari Rial.
How to Convert Qatari Rial to Peruvian Nuevo Sol
1 QAR = 1.02313292295584 PEN
Example: convert 15 QAR to PEN:
15 QAR = 15 × 1.02313292295584 PEN = 15.3469938443376 PEN
Qatari Rial to Peruvian Nuevo Sol Conversion Table
| Qatari Rial | Peruvian Nuevo Sol |
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Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.
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.