Convert Peruvian Nuevo Sol to Argentine Peso
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Argentine Peso [ARS], or Convert Argentine Peso to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Argentine Peso
1 PEN = 0.00280981226849475 ARS
Example: convert 15 PEN to ARS:
15 PEN = 15 × 0.00280981226849475 ARS = 0.0421471840274213 ARS
Peruvian Nuevo Sol to Argentine 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.
Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.