ARS to PEN

ARS - Argentine Peso ($)
PEN - Peruvian Sol (S/)
1 ARS1 PEN

Currency conversion rates from ARS to PEN

ARSPEN
1 ARS1 PEN
5 ARS5 PEN
10 ARS10 PEN
20 ARS20 PEN
50 ARS50 PEN
100 ARS100 PEN
250 ARS250 PEN
500 ARS500 PEN
1000 ARS1000 PEN
2000 ARS2000 PEN
5000 ARS5000 PEN
10000 ARS10000 PEN
PENARS
1 PEN1 ARS
5 PEN5 ARS
10 PEN10 ARS
20 PEN20 ARS
50 PEN50 ARS
100 PEN100 ARS
250 PEN250 ARS
500 PEN500 ARS
1000 PEN1000 ARS
2000 PEN2000 ARS
5000 PEN5000 ARS
10000 PEN10000 ARS

ARS - Argentine Peso ($)

Argentine Peso

The Argentine Peso (ARS) is the currency unit for Argentina. The Peso symbol is the same as the dollar sign ($). The Peso is subdivided into centavos; 1 Peso = 100 centavos. The previous currency of Argentina was also called the Peso; however, the currency evolved and fewer zeros are currently being used.

The Argentine Peso is the currency in Argentina (AR, ARG). The symbol for ARS can be written $. The Argentine Peso is divided into 100 centavos. The exchange rate for the Argentine Peso was last updated on May 24, 2019 from Yahoo Finance. The ARS conversion factor has 5 significant digits.

Economy

  • Before 1826, the Spanish silver eight-real coin was named the Peso. After Argentina became independent, the country started using new coin denominations: Escudos, Soles, and Reales. The coins were in circulation until 1881.
  • From 1881, to 1969 the silver and gold Pesos were introduced. The gold coin denominations were 2½ and 5 Pesos, the silver coins were 5, 10, 20, and 50 centavos, as well as 1 Peso, and the copper coins were 1 and 2 centavos.
  • From 1970 to 1983, the "Peso Ley" replaced the previous peso; 1 Peso Ley = 100 Pesos Nacionale.
  • From 1983 to 1991, the Peso was replaced by the previous currencies.
  • In 1992, the last Peso was introduced and is referred to by the international market as the Peso Convertible. A fixed exchange rate was established between the Central Bank of Argentina and the United States Dollar at a rate of 1 USD = 1 Peso. The agreement expired in 2001.
  • After 2001, the fixed agreement with the USA expired, and since 2002, the exchange rate has been fluctuating.

History

  • Argentina’s economy is rated as a higher middle economy.
  • The economy is sustained by the abundance of natural resources, a diverse industry base, and an export-focused agricultural program.
  • During the early twentieth century Argentina was considered the richest country in the southern hemisphere.
  • The top industries are appliances, electronics, textiles, beverages, furniture, printing, chemicals, pharmaceuticals, motor vehicles, and food processing.
  • Export products are soybeans, natural gas, aluminum, steel, refined fuel, machinery, vegetable products, and other industry products.
  • Import products are mainly capital goods, consumer durables for the automotive industry, freight vehicles, lubricants, and refined fuel.

More information about ARS - Argentine Peso ($)


PEN - Peruvian Sol (S/.)

Peruvian Sol

The Nuevo Sol is the currency of Peru. It is subdivided into one hundred centimos. The name is derived from Peru's historic currency; the Sol was used during the 19th century until 1985. The origin of the word was from the Latin word solidus, but the name is also related to the Spanish solar.

The Peruvian Nuevo Sol is the currency in Peru (PE, PER). The symbol for PEN can be written S. The Peruvian Nuevo Sol is divided into 100 centimos. The exchange rate for the Peruvian Nuevo Sol was last updated on May 22, 2019 from The International Monetary Fund. The PEN conversion factor has 6 significant digits.

Economy

  • Peru is a developing economy that is market-oriented, characterized by an increasing degree of overseas trade but also an excessive degree of inequality.
  • The financial system of Peru is the forty-second largest in the world.
  • Its economic system is diverse even though the merchandise exports is needed, the commerce and business are located in Lima however the agricultural exports was able to create progress in all of the regions.
  • From the past, the country's financial administration is tied to exports that give exhausting currency to finance imports and exterior debt payments.
  • Peru's essential exports are zinc, copper, gold, chemicals, textiles, prescribed drugs, equipment, manufactures, fish meal and companies; its main commerce companions are the China, United States, Brazil, Chile and European Union.

History

  • Peruvian Nuevo Sol is one of the crucial steady and reliable currencies and also being the currency that is least affected by the weak greenback world tendency at that time.
  • In 1980s, there was a dangerous state of economy and hyperinflation in the federal government and was therefore pressured to desert the inti that was introduced Nuevo Sol being the country’s new banknote.
  • Cash denominated within the appended unit have been brought in on October 1, 1991 adding the primary currency on November 13, 1991.
  • Since the brand-new foreign money was implementing, it has staggered to maintain up a secure alternate rate from 2.3 to 3.65 Nuevo Soles per Dollar.

More information about PEN - Peruvian Sol (S/.)