Culture and traditions

The Peruvian sol: history and value of the currency of Peru

The official currency of Peru is the sol and its monetary symbol is S /, while its ISO code or official abbreviation is PEN. In this article, we inform you of its equivalence with currencies of other countries. Also, we tell you the story of this currency and its evolution over time.

Below you have an index with all the points that we are going to deal with in this article.

Exchange rate

In the following list you will find the value of the currency of Peru compared to that of other currencies of America and Europe:

  • 1.00 PEN = 0.31 US dollars (USD)
  • 1.00 PEN = 3.08 Venezuelan Bolivars (FEV)
  • 1.00 PEN = 5.79 Mexican pesos (MSN)
  • 1.00 PEN = 0.29 euros (EUR)
  • 1.00 PEN = 4.74 Argentine pesos (ARS)
  • 1.00 PEN = 2.26 Guatemalan quetzales (GTQ)
  • 1.00 PEN = 202.05 Chilean pesos (CLP)
  • 1.00 PEN = 14.47 Dominican pesos (PDO)
  • 1.00 PEN = 878.70 Colombian pesos (COP)
  • 1.00 PEN = 1,763.14 Paraguayan Guarani (PYG)

Currency exchange

If you want to travel to Peru and need to get sol, in the country you will find exchange houses and banks in which to carry out this transaction. You can also get money at an ATM.

However, in your home country you can also get soles at any bank, although these usually apply a fee for performing this service.

Collection Coins

The Central Reserve Bank of Peru (BCRP) has designed four numismatic series formed by limited edition coins and, therefore, are collectible:

Wealth and Pride of Peru
A total of 26 coins launched between 2010 and 2016 in which the country’s cultural heritage is shown. The last was that of the Parabolic Arch of Tacna. It also highlights that of the Inca Huaytara Temple, as it was the winner of a prize for the best legal currency in course Other models are that of Kuntur Wasi, that of the Department of Piura and that of the Archaeological Complex of Tunanmarca.
Natural Resources of Peru
The three specimens are La Anchoveta, El Cacao and La Quinua.
Iberoamerican Series
they are representations that are related to other countries like Spain. Two examples are the Encounter of Two Worlds (1991) and the Olympic Games (2007).
450 years of the National Mint
composed of a current copy of 1 sol, one of silver that has a value of 106 soles and one of gold that initially costs 2,181 soles

In the following video you can see the first 17 models of the series ‘Wealth and Pride of Peru’:

History and current currency

The history of the currency of Peru begins in 1863. Over the years, there are several highlights that we find:

  • In 1863 the sol is created, the official currency of the country, known as silver sol.
  • In 1879 provisional cupronickel coins are made, as fractional coins were needed.
  • Between 1897 and 1930 it is replaced by the Peruvian gold pound.
  • In 1931 the sol returns, called at this time “Golden Sun”.
  • From 1935 the coins become brass. Subsequently, zinc and aluminum-bronze models are developed.
  • Between 1985 and 1990 the sol is replaced by the inti, but there is a great devaluation of the currency.
  • In 1991 the sol rises under the name of “new Sun”. In 2015 it returns to its original name.
Between 1875 and 1879, the 1 and 2 cent coins were called Fat because of the thickness they had, since they were made of copper.

Currently we find 5, 10, 20 and 50 cent coins, and 1, 2 and 5 soles. The currency of a sol is characterized in that it appears the logo of the Country Brand Peru.

As for the tickets, there are models of 10, 20, 50 and 100 soles. In 2011 its design was changed and the system was improved to detect if a ticket is true or it is a falsification.

User Questions

How many coins are in Peru?

One, because the sol is the only official currency of the country. However, in some establishments it is also possible to pay with US dollars.

What material is the Peruvian currency made of?

The 1 and 5 cent coins are made of brass and aluminum, those of 10 and 20 cents are brass, those of 50 cents and 1 sol of alpaca, and those of 2 and 5 soles of steel and brass, since they are bimetallic.

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Finally, we have selected the previous and next article of the block “Prepare the trip“so you can continue reading:

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