Convert Brazilian Real to Peruvian Nuevo Sol
Please provide values below to convert Brazilian Real [BRL] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Brazilian Real.
How to Convert Brazilian Real to Peruvian Nuevo Sol
1 BRL = 1.56477499508109 PEN
Example: convert 15 BRL to PEN:
15 BRL = 15 × 1.56477499508109 PEN = 23.4716249262164 PEN
Brazilian Real to Peruvian Nuevo Sol Conversion Table
| Brazilian Real | Peruvian Nuevo Sol |
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Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.
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.