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PalmPay to Peruvian Sol Converter and calculator

Convert 1PalmPay (PALM) to Peruvian Sol (PEN) equals S/. 0.1951 | Bitget
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Last updated as of 2025/03/09 07:01:46 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of PalmPay(PALM) to Peruvian Sol(PEN). This is the real-time data. The current conversion shows 1 PALM at a value of 1 PALM for 0.20 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 PalmPay currency pair is the PALM to PEN, with for PalmPay's currency code being PALM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PEN.

PALM to PEN conversion rate trend

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Live PalmPay (PALM) price chart
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In the past 1D, PalmPay has changed -9.92% to PEN. Based on the trend and price charts, PalmPay(PALM) has changed -9.92% to PEN while Peruvian Sol(PEN) has changed +11.01% to PALM in the last 24 hours.

How to convert PALM to PEN

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

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

Bitget P2P trading does not currently support direct buying of PALM with PEN. However, you can buy USDT in Bitget P2P trading first, and then buy PALM with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
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Sell PALM (or USDT) for PEN (Peruvian Sol) offers

Bitget P2P trading currently does not support direct selling of PALM to PEN. However, you can first exchange PALM for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of PALM to PEN?

PalmPay to Peruvian Sol is falling this week.
PalmPay's current market price is S/. 0.1951 per PALM, with a total market cap of S/. 0 PEN based on a circulating supply of -- PALM. The trading volume of PalmPay has changed by 0.00% (S/. 0 PEN) in the last 24 hours. Last trading day, PALM's trading volume was S/. 455.68.
PALM market cap
$0
PALM 24h volume
$124.57548382
PALM circulating supply
0 PALM

PALM to PEN Conversion tables

The exchange rate of PalmPay is decreasing.
1 PALM is currently valued at S/. 0.1951 PEN , which means buying 5 PALM will cost S/. 0.9753 PEN . Similarly, S/.1 PEN can be traded for 5.13 PALM, and S/.50 PEN can be converted to 256.34 PALM, excluding any platform or gas fees.
The exchange rate of 1 PALM to Peruvian Sol has changed by -15.44% in the last 7 days. In the last 24 hours, the rate has fluctuated by -9.92%, reaching a high of 0.2201 PEN and a low of 0.1841 PEN . One month ago, the value of 1 PALM was S/. 0.2237 PEN , which represents a -12.61% change from its current value. Over the last year, PalmPay has changed by
-S/.
1.03PEN
, resulting in a change of -83.88% in its value.

PALM to PEN

Amount
07:01 am today
0.5 PALM
S/.0.09753
1 PALM
S/.0.1951
5 PALM
S/.0.9753
10 PALM
S/.1.95
50 PALM
S/.9.75
100 PALM
S/.19.51
500 PALM
S/.97.53
1000 PALM
S/.195.05

PEN to PALM

Amount07:01 am today
0.5PEN2.56  PALM
1PEN5.13  PALM
5PEN25.63  PALM
10PEN51.27  PALM
50PEN256.34  PALM
100PEN512.68  PALM
500PEN2,563.42  PALM
1000PEN5,126.85  PALM

PALM to PEN Today vs. 24 hours ago

Amount07:01 am today24 hours ago24h change
0.5 PALM$0.02666$0.02965
-9.92%
1 PALM$0.05332$0.05929
-9.92%
5 PALM$0.2666$0.2965
-9.92%
10 PALM$0.5332$0.5929
-9.92%
50 PALM$2.67$2.96
-9.92%
100 PALM$5.33$5.93
-9.92%
500 PALM$26.66$29.65
-9.92%
1000 PALM$53.32$59.29
-9.92%

PALM to PEN Today vs. 1 month ago

Amount07:01 am today1 month ago1M change
0.5 PALM$0.02666$0.03057
-12.61%
1 PALM$0.05332$0.06115
-12.61%
5 PALM$0.2666$0.3057
-12.61%
10 PALM$0.5332$0.6115
-12.61%
50 PALM$2.67$3.06
-12.61%
100 PALM$5.33$6.11
-12.61%
500 PALM$26.66$30.57
-12.61%
1000 PALM$53.32$61.15
-12.61%

PALM to PEN Today vs. 1 year ago

Amount07:01 am today1 year ago1Y change
0.5 PALM$0.02666$0.1677
-83.88%
1 PALM$0.05332$0.3355
-83.88%
5 PALM$0.2666$1.68
-83.88%
10 PALM$0.5332$3.35
-83.88%
50 PALM$2.67$16.77
-83.88%
100 PALM$5.33$33.55
-83.88%
500 PALM$26.66$167.73
-83.88%
1000 PALM$53.32$335.46
-83.88%

PalmPay price prediction

What will the price of PALM be in 2026?

Based on PALM's historical price performance prediction model, the price of PALM is projected to reach $0.07816 in 2026.

What will the price of PALM be in 2031?

In 2031, the PALM price is expected to change by +36.00%. By the end of 2031, the PALM price is projected to reach $0.2007, with a cumulative ROI of +270.34%.

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