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THE to PEN Converter and calculator

THE/PEN: 1 THE = 0.0004344 PEN. The price of converting 1 The Protocol (THE) to Peruvian Sol (PEN) is 0.0004344 PEN today.
THE
THE
PEN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides THE to PEN real-time exchange rates, making it easy to convert The Protocol (THE) to Peruvian Sol (PEN). The conversion result is based on real-time data. The conversion result shows that 1 THE is currently valued at 0.00 PEN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 THE is currently valued at 0.00 PEN, which means buying 5 THE would cost 0.00 PEN. Similarly, S/.1 PEN can be converted to 2,301.79 THE, and S/.50 PEN can be converted to 11,508.96 THE, excluding any platform or gas fees.

Convert THE to PEN

Convert PEN to THE

The Protocol
Peruvian Sol
In the table above, you'll find a comprehensive THE to PEN converter that shows the value of The Protocol in Peruvian Sol across commonly used conversion amounts. The list covers conversions from 1 THE to PEN, all the way up to 10000 THE, providing a clear view of their respective values.
Peruvian Sol
The Protocol
500 PEN
1,150,896.41 THE
1000 PEN
2,301,792.81 THE
2000 PEN
4,603,585.62 THE
5000 PEN
11,508,964.06 THE
10000 PEN
23,017,928.11 THE
50000 PEN
115,089,640.57 THE
100000 PEN
230,179,281.15 THE
In the table above, you'll find a comprehensive PEN to THE converter that shows the value of Peruvian Sol in The Protocol across commonly used conversion amounts. The list covers conversions from 1 PEN to THE, all the way up to 100000 PEN, providing a clear view of their respective values.

THE to PEN chart

THE/PEN: 1 THE = 0.0004344 PEN; 2025/04/27 07:14:49
In the past 1D, The Protocol has changed +5.18% to PEN. Based on the trend and price charts, The Protocol(THE) has changed +5.18% to PEN while Peruvian Sol(PEN) has changed % to THE in the last 24 hours.
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THE to PEN conversion data: Volatility and price changes of The Protocol in PEN

The highest The Protocol price in PEN over the past 7 days was 0.0004345 PEN while the lowest The Protocol price in PEN over the past 7 days was 0.0003666 PEN. The relative change between the highs and lows in The Protocol price in PEN over the last 7 days indicates a volatility of %. You can view additional volatility data and THE to PEN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.0004345 PEN
0.0004345 PEN
0.0007222 PEN
0.001250 PEN
Low
0.0004073 PEN
0.0003666 PEN
0.0003666 PEN
0.0002636 PEN
Average
0 PEN
0 PEN
0 PEN
0 PEN
Volatility
%
%
%
%
Change
+5.18%
+14.01%
-26.93%
-47.53%

The Protocol information

THE to PEN market statistics

THE/PEN:
S/.0.0004344
THE 24h volume:
S/.60,780.93
THE market cap:
--
THE circulating supply:
0 THE

Current THE to PEN exchange rate

The Protocol to Peruvian Sol is rising this week.
The Protocol's current market price is S/.0.0004344 per THE, with a total market cap of S/.0 PEN based on a circulating supply of -- THE. The trading volume of The Protocol has changed by -0.11% (S/.-69.55 PEN) in the last 24 hours. Last trading day, THE's trading volume was S/.60,850.48.

More info about The Protocol on Bitget

Peruvian Sol 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.

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

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How to convert THE to PEN

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THE to PEN Conversion tables

The exchange rate of The Protocol is decreasing.
The exchange rate of 1 THE to Peruvian Sol has changed by +14.01% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.18%, reaching a high of 0.0004345 PEN and a low of 0.0004073 PEN . One month ago, the value of 1 THE was S/.0.0005945 PEN , which represents a -26.93% change from its current value. Over the last year, The Protocol has changed by
-S/.
0.0008589PEN
, resulting in a change of -66.42% in its value.
24 hours ago1 month ago1 year ago
Amount07:14 am today24 hours ago24h change
0.5 THES/.0.0002172S/.0.0002065
+5.18%
1 THES/.0.0004344S/.0.0004131
+5.18%
5 THES/.0.002172S/.0.002065
+5.18%
10 THES/.0.004344S/.0.004131
+5.18%
50 THES/.0.02172S/.0.02065
+5.18%
100 THES/.0.04344S/.0.04131
+5.18%
500 THES/.0.2172S/.0.2065
+5.18%
1000 THES/.0.4344S/.0.4131
+5.18%

THE to PEN FAQ

How much is 1 The Protocol in PEN?
Right now, the price of 1 The Protocol (THE) in Peruvian Sol (PEN) is S/.0.0004344.
How much THE can I buy for 1 PEN?
Based on the current exchange rate, you can get 2,301.79 THE for 1 PEN.
How do I calculate or convert THE to PEN?
You can use our THE to PEN calculator at the top of this page to convert any amount of THE to PEN. We've also included quick-reference tables for the most popular conversions. For example, 5 PEN is equivalent to 11,508.96 THE, while 5 THE will cost around 0.002172PEN.
What is the highest price of THE/PEN in history?
The all-time high price of 1 THE in PEN is S/.0.1739. It remains to be seen if the value of 1 THE/PEN will exceed the current all-time high.
What is the price trend of The Protocol in PEN?
Over the past 7 days, the exchange rate of The Protocol (THE) has gone up by 14.01%.   Over the last month, the exchange rate of The Protocol (THE) has gone down by 26.93% against Peruvian Sol (PEN).

What factors influence the conversion rate of THE to PEN?

There are many factors that affect the relationship between The Protocol 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 THE/PEN. When there is positive news in the market about the widespread adoption of THE or major technological breakthroughs, it tends to trigger market optimism and drive the rise of THE/PEN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in THE/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.
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 THE/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 The Protocol and adjust their investment strategies accordingly in the evolving market.

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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.