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OIN Finance to Peruvian Sol Converter and calculator

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Convert 1OIN Finance (OIN) to Peruvian Sol (PEN) equals S/. 0.01425 | Bitget
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Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of OIN Finance(OIN) to Peruvian Sol(PEN). This is the real-time data. The current conversion shows 1 OIN at a value of 1 OIN for 0.01 PEN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

PEN information

About the Peruvian Sol (PEN)

What Is the Peruvian Sol (PEN)?

The Peruvian Sol, with the currency symbol: S/ and the ISO 4217 code PEN, is the sole legal tender of Peru. It's subdivided into 100 céntimos. The Sol, a term derived from the Latin 'solidus' and also meaning 'sun' in Spanish, symbolizes continuity from Peru's historic currency and its rich cultural heritage.

The Peruvian Sol is issued by the Central Reserve Bank of Peru (Banco Central de Reserva del Perú). This institution is responsible for the country's monetary policy, including the issuance and regulation of the national currency. The Central Reserve Bank of Peru plays a crucial role in maintaining the stability of the Sol and overseeing the country's financial system.

What Is the History of PEN?

Before Peru's independence in 1821, the Spanish colonial real was the prevalent currency. The Inca Empire, which preceded Spanish rule, used a unique accounting system called quipu instead of physical currency. Post-independence, Peru introduced its version of the real in 1822. However, following the global economic downturn in 1929, Peru faced severe hyperinflation. In 1963, the government introduced the sol, replacing the real. However, due to political instability and economic mismanagement, the sol was replaced by the inti in the 1980s. The late 1980s saw massive hyperinflation, leading to the introduction of the Nuevo Sol in the 1990s by President Alberto Fujimori. This move stabilized the economy, leading to lower inflation and better economic stability. The Nuevo Sol was renamed simply as Sol in 2015..

Notes and Coins of PEN

The Peruvian Sol comprises various denominations in both notes and coins, reflecting a rich blend of cultural and historical significance. Notes are available in denominations of 10, 20, 50, 100, and 200 Soles, each distinctively designed with iconic Peruvian figures, cultural symbols, and landmarks. Coins, on the other hand, come in denominations of 1, 2, and 5 Soles, along with smaller céntimos coins of 5, 10, 20, and 50 céntimos.

Is PEN Pegged to USD?

No, the Peruvian Sol (PEN) is not pegged to the United States Dollar (USD). The Sol operates under a floating exchange rate system, where its value is determined by market forces such as supply and demand in the foreign exchange market. This is in contrast to a pegged exchange rate system, where a country's currency value is fixed or tied to another major currency like the USD. Peru's monetary policy, managed by the Central Reserve Bank of Peru, allows the Sol to fluctuate freely against the USD and other foreign currencies.

Is PEN a Stable Currency?

The Peruvian Sol is recognized as a stable currency, particularly in the context of Latin American economies. As of January 2024, it was hailed as the most stable currency in the region, exhibiting less intense daily fluctuations in its exchange rate compared to its peers. This stability is underscored by the Sol's modest devaluation against the US dollar, with only a 41 Sol cent decrease from November 2018 to November 2023. Contributing to this stability are Peru's strong economic fundamentals, including a trade balance surplus of nearly $15 billion and international reserves approximating $75 billion, equivalent to 28% of its Gross Domestic Product. These factors collectively underscore the Sol's resilience and reliability as a currency in the global market.

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Bitget crypto-to-fiat exchange data shows that the most popular OIN Finance currency pair is the OIN to PEN, with for OIN Finance's currency code being OIN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PEN.

OIN to PEN conversion rate trend

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In the past 1D, OIN Finance has changed -6.92% to PEN. Based on the trend and price charts, OIN Finance(OIN) has changed -6.92% to PEN while Peruvian Sol(PEN) has changed % to OIN in the last 24 hours.

OIN to PEN market statistics

OIN/PEN:
S/. 0.01425
OIN 24h volume:
S/. 3,534.2
OIN market cap:
S/. 469,415.65
OIN circulating supply:
32.95M OIN

Current OIN to PEN exchange rate

OIN Finance to Peruvian Sol is rising this week.
OIN Finance's current market price is S/. 0.01425 per OIN, with a total market cap of S/. 469,415.65 PEN based on a circulating supply of 32,950,760 OIN. The trading volume of OIN Finance has changed by +13806.77% (S/. 3,508.78 PEN) in the last 24 hours. Last trading day, OIN's trading volume was S/. 25.41.

OIN to PEN Conversion tables

The exchange rate of OIN Finance is decreasing.
1 OIN is currently valued at S/. 0.01425 PEN , which means buying 5 OIN will cost S/. 0.07123 PEN . Similarly, S/.1 PEN can be traded for 70.2 OIN, and S/.50 PEN can be converted to 3,509.76 OIN, excluding any platform or gas fees.
The exchange rate of 1 OIN to Peruvian Sol has changed by +26.76% in the last 7 days. In the last 24 hours, the rate has fluctuated by -6.92%, reaching a high of 0.01738 PEN and a low of 0.01414 PEN . One month ago, the value of 1 OIN was S/. 0.01447 PEN , which represents a -1.52% change from its current value. Over the last year, OIN Finance has changed by
-S/.
0.009679PEN
, resulting in a change of -40.46% in its value.

OIN to PEN

Amount
13:37 today
0.5 OIN
S/.0.007123
1 OIN
S/.0.01425
5 OIN
S/.0.07123
10 OIN
S/.0.1425
50 OIN
S/.0.7123
100 OIN
S/.1.42
500 OIN
S/.7.12
1000 OIN
S/.14.25

PEN to OIN

Amount13:37 today
0.5PEN35.1  OIN
1PEN70.2  OIN
5PEN350.98  OIN
10PEN701.95  OIN
50PEN3,509.76  OIN
100PEN7,019.53  OIN
500PEN35,097.64  OIN
1000PEN70,195.27  OIN
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OIN to PEN Today vs. 24 hours ago

Amount13:37 today24 hours ago24h change
0.5 OINS/.0.007123S/.0.007653
-6.92%
1 OINS/.0.01425S/.0.01531
-6.92%
5 OINS/.0.07123S/.0.07653
-6.92%
10 OINS/.0.1425S/.0.1531
-6.92%
50 OINS/.0.7123S/.0.7653
-6.92%
100 OINS/.1.42S/.1.53
-6.92%
500 OINS/.7.12S/.7.65
-6.92%
1000 OINS/.14.25S/.15.31
-6.92%

OIN to PEN Today vs. 1 month ago

Amount13:37 today1 month ago1M change
0.5 OINS/.0.007123S/.0.007233
-1.52%
1 OINS/.0.01425S/.0.01447
-1.52%
5 OINS/.0.07123S/.0.07233
-1.52%
10 OINS/.0.1425S/.0.1447
-1.52%
50 OINS/.0.7123S/.0.7233
-1.52%
100 OINS/.1.42S/.1.45
-1.52%
500 OINS/.7.12S/.7.23
-1.52%
1000 OINS/.14.25S/.14.47
-1.52%

OIN to PEN Today vs. 1 year ago

Amount13:37 today1 year ago1Y change
0.5 OINS/.0.007123S/.0.01196
-40.46%
1 OINS/.0.01425S/.0.02392
-40.46%
5 OINS/.0.07123S/.0.1196
-40.46%
10 OINS/.0.1425S/.0.2392
-40.46%
50 OINS/.0.7123S/.1.2
-40.46%
100 OINS/.1.42S/.2.39
-40.46%
500 OINS/.7.12S/.11.96
-40.46%
1000 OINS/.14.25S/.23.92
-40.46%

How to convert OIN to PEN

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Convert OIN to PEN
Use a variety of payment options to buy OIN Finance on Bitget. We'll show you how.

Buy OIN (or USDT) for PEN (Peruvian Sol) offers

Bitget P2P trading does not currently support direct buying of OIN with PEN. However, you can buy USDT in Bitget P2P trading first, and then buy OIN with USDT via Bitget spot market.
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Sell OIN (or USDT) for PEN (Peruvian Sol) offers

Bitget P2P trading currently does not support direct selling of OIN to PEN. However, you can first exchange OIN for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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High to low
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What factors influence the conversion rate of OIN to PEN?

There are many factors that affect the relationship between OIN Finance and Peruvian Sol, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of OIN/PEN. When there is positive news in the market about the widespread adoption of OIN or major technological breakthroughs, it tends to trigger market optimism and drive the rise of OIN/PEN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in OIN/PEN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of OIN/PEN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of OIN Finance and adjust their investment strategies accordingly in the evolving market.

OIN Finance price prediction

What will the price of OIN be in 2026?

Based on OIN's historical price performance prediction model, the price of OIN is projected to reach $0.005165 in 2026.

What will the price of OIN be in 2031?

In 2031, the OIN price is expected to change by +24.00%. By the end of 2031, the OIN price is projected to reach $0.01432, with a cumulative ROI of +225.37%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between OIN Finance and PEN.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as OIN Finance and PEN. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of OIN Finance in PEN, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.