Convert Peruvian Nuevo Sol to Thai Baht
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Thai Baht [THB], or Convert Thai Baht to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Thai Baht
1 PEN = 0.110444360281381 THB
Example: convert 15 PEN to THB:
15 PEN = 15 × 0.110444360281381 THB = 1.65666540422071 THB
Peruvian Nuevo Sol to Thai Baht Conversion Table
| Peruvian Nuevo Sol | Thai Baht |
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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.
Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.