Convert Peruvian Nuevo Sol to Bermudan Dollar
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Bermudan Dollar
1 PEN = 3.5577 BMD
Example: convert 15 PEN to BMD:
15 PEN = 15 × 3.5577 BMD = 53.3655 BMD
Peruvian Nuevo Sol to Bermudan Dollar Conversion Table
| Peruvian Nuevo Sol | Bermudan Dollar |
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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.
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.