Convert Peruvian Nuevo Sol to Chinese Yuan (Offshore)
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Chinese Yuan (Offshore)
1 PEN = 0.49608737005368 CNH
Example: convert 15 PEN to CNH:
15 PEN = 15 × 0.49608737005368 CNH = 7.44131055080521 CNH
Peruvian Nuevo Sol to Chinese Yuan (Offshore) Conversion Table
| Peruvian Nuevo Sol | Chinese Yuan (Offshore) |
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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.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.