GBP to PEN
GBP - British Pound (£)
PEN - Peruvian Sol (S/)Currency conversion rates from GBP to PEN
| GBP | PEN |
| 1 GBP | 1 PEN |
| 5 GBP | 5 PEN |
| 10 GBP | 10 PEN |
| 20 GBP | 20 PEN |
| 50 GBP | 50 PEN |
| 100 GBP | 100 PEN |
| 250 GBP | 250 PEN |
| 500 GBP | 500 PEN |
| 1000 GBP | 1000 PEN |
| 2000 GBP | 2000 PEN |
| 5000 GBP | 5000 PEN |
| 10000 GBP | 10000 PEN |
| PEN | GBP |
| 1 PEN | 1 GBP |
| 5 PEN | 5 GBP |
| 10 PEN | 10 GBP |
| 20 PEN | 20 GBP |
| 50 PEN | 50 GBP |
| 100 PEN | 100 GBP |
| 250 PEN | 250 GBP |
| 500 PEN | 500 GBP |
| 1000 PEN | 1000 GBP |
| 2000 PEN | 2000 GBP |
| 5000 PEN | 5000 GBP |
| 10000 PEN | 10000 GBP |
GBP - British Pound (£)
The British pound is the currency of the United Kingdom. It is the fourth most traded currency, behind the US dollar, the Japanese yen, and the euro. It is also the third most held reserve currency in the world. The pound is the oldest currency still in existence today.
The official currency of the United Kingdom is the British Pound (GBP), which is used in Great Britain, British Overseas Territories, the South Sandwich Islands, and the British Antarctic Territory, as well as Tristan de Cunha. The Pound is divided into 100 pence. Another name used for the Pound is Sterling. The symbol for the Pound is £.
Pound Sterling is the currency in Channel Islands (Aldernay, Guernsey, Jersey, Sark), Isle of Man, and United Kingdom (England, Great Britain, Northern Ireland, Scotland, Wales, UK, GB, GBR). Pound Sterling is also known as the British Pound, the United Kingdom Pound, UKP, STG, the English Pound, British Pound Sterling, BPS, and Sterlings. Pound Sterling is divided into 100 pence. The exchange rate for Pound Sterling was last updated on Today from The International Monetary Fund. The GBP conversion factor has 6 significant digits.
Economy
- The United Kingdom is rated as the sixth-largest economy in the world.
- The main industries range from aerospace to financial services.
- Export products are beverages, tobacco, fuels, manufactured goods, chemicals, and food.
- Import products are foodstuffs, fuels, machinery, and manufactured goods.
- Unemployment is estimated at 7.6%.
History
- It is difficult to estimate when the Pound originated; but sources indicate that the Pound was already in circulation during the Anglo-Saxon period. During the medieval period the Tealby penny was circulated and was the standard unit used until the 20th century.
- In 1552, silver coinage was introduced made of sterling silver.
- In 1663, gold coinage was introduced. The silver coinage remained and was used for importing goods; gold was used for exporting goods. This made Britain a gold standard country.
- The first paper money was issued in 1694, after the Bank of England was established.
- In 1861, the gold standard was adopted again.
- In 1914, after the outbreak of World War I, the gold standard was abandoned and treasury notes became legal tender.
- In 1940, the Pound was pegged to the US Dollar and later became part of the Bretton Woods system.
- In 1971, the Pound was changed to a free-floating currency.
- In 1976, the country had a Sterling crisis.
- In 1988, the UK Treasury instituted a policy whereby movements of the British Pound "shadowed" those of the German Mark.
- In 1990, the UK became part of the European Exchange rate mechanism, but withdrew in 1992.
- The UK had the option to adopt the Euro in 1999, but declined.
More information about GBP - British Pound (£)
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.