PEN to AOA

PEN - Peruvian Sol (S/)
AOA - Angolan Kwanza (Kz)
1 PEN1 AOA

Currency conversion rates from PEN to AOA

PENAOA
1 PEN1 AOA
5 PEN5 AOA
10 PEN10 AOA
20 PEN20 AOA
50 PEN50 AOA
100 PEN100 AOA
250 PEN250 AOA
500 PEN500 AOA
1000 PEN1000 AOA
2000 PEN2000 AOA
5000 PEN5000 AOA
10000 PEN10000 AOA
AOAPEN
1 AOA1 PEN
5 AOA5 PEN
10 AOA10 PEN
20 AOA20 PEN
50 AOA50 PEN
100 AOA100 PEN
250 AOA250 PEN
500 AOA500 PEN
1000 AOA1000 PEN
2000 AOA2000 PEN
5000 AOA5000 PEN
10000 AOA10000 PEN

AOA - Angolan Kwanza (Kz)

Angolan Kwanza

The Angolan Kwanza (AOA) is the currency currently used in Angola. The Kwanza was introduced in 1999, replacing the "Kwanza Reajustado" (AOK).  AOA is subdivided into coin denominations of 100 centimos, and is denoted by the symbol Kz.

The Angolan Kwanza is the currency in Angola (AO, AGO). The symbol for AOA can be written Kz. The Angolan Kwanza is divided into 100 lwei. The exchange rate for the Angolan Kwanza was last updated on May 24, 2019 from Yahoo Finance. The AOA conversion factor has 5 significant digits.

Economy

  • Angola is rated as one of the fastest-growing economies in the world.
  • The Angolan GDP in 2010 had an average growth of 11.1%.
  • The country’s main resources are gas, oil, agriculture, and diamonds.
  • There is mismanagement and corruption in the oil industry, which prevents the economy from growing at a faster rate.
  • Angola imports vehicles, food, medicine, electrical equipment, machinery, and military goods.
  • Export goods are mainly petroleum, crude oil, fish, coffee, diamonds, cotton, and timber.
  • The current inflation rate is 13.1%.
  • A third of Angola’s population is reliant on agriculture. Although the country is showing substantial growth, it still has a great deal of poverty, due to the civil war that waged from the 1975 to 2002.

    History

    • From 1977 to 1990, the Kwanza (AOK) was in circulation at a rate of 1 Kwanza = 1 Escudo.
    • In 1990, the Novo Kwanza (AON) was introduced at a rate of 1 Novo Kwanza = 1 Kwanza.
    • From 1995 to 1999, the Kwanza Rejustado (AOR) was in circulation. 1 Kwanza Reajustado = 1,000 Novo Kwanzas.
    • Since 1999, the new Kwanza (AOA) has been in circulation. 1 Kwanza = 1,000,000 Kwanza Reajustado. The 50 and 10 centimo denominations are no longer in circulation.

      More information about AOA - Angolan Kwanza (Kz)


      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/.)