PEN to UYU

PEN - Peruvian Sol (S/)
UYU - Uruguayan Peso ($)
1 PEN1 UYU

Currency conversion rates from PEN to UYU

PENUYU
1 PEN1 UYU
5 PEN5 UYU
10 PEN10 UYU
20 PEN20 UYU
50 PEN50 UYU
100 PEN100 UYU
250 PEN250 UYU
500 PEN500 UYU
1000 PEN1000 UYU
2000 PEN2000 UYU
5000 PEN5000 UYU
10000 PEN10000 UYU
UYUPEN
1 UYU1 PEN
5 UYU5 PEN
10 UYU10 PEN
20 UYU20 PEN
50 UYU50 PEN
100 UYU100 PEN
250 UYU250 PEN
500 UYU500 PEN
1000 UYU1000 PEN
2000 UYU2000 PEN
5000 UYU5000 PEN
10000 UYU10000 PEN

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/.)


UYU - Uruguayan Peso ($U)

Uruguayan Peso

The Uruguayan Peso is the official currency of Uruguay. The name has been in use since the European settlement. The present currency was adopted in 1993 and is subdivided into 100 centésimos.

The Uruguayan peso is the currency in Uruguay (UY, URY). The symbol for UYU can be written $U. The Uruguayan peso is divided into 100 centesimos. The exchange rate for the Uruguayan peso was last updated on May 22, 2019 from The International Monetary Fund. The UYU conversion factor has 6 significant digits.

Economy

  • The economy of Uruguay is characterized by an export-oriented agricultural sector, a well-educated work force, and high levels of social spending.
  • In 1603, cattle were introduced in Uruguay before its independence by Hernando Arias de Saveedra, the Spanish Governor of Buenos Aires. In 2006, beef accounted for about 37% of Uruguayan exports.
  • Wool is a traditional product exported mainly to America, followed by the UK and India.
  • Conaprole, the National Cooperative of Milk Producers, was the main exporter of dairy products in Latin America in 2006.
  • Fine varieties of rice are produced in the eastern lowlands, close to Merin lake on the Uruguay-Brazil border.

History

  • In 1828, Uruguay's currency was based on the silver Peso of eight reales, commonly known as the Patacon, and the gold onza de oro, valued at 16 pesos silver. A large quantity of debased copper coin also circulated.
  • In October, 1828, lacking the means to implement a national coinage, Gen. Jose Rondeau’s provisional government permitted foreign silver and gold coin to circulate freely at their intrinsic value, but restricted and later (1829) prohibited the importing of copper coins and the circulation of Buenos Aires banknotes.
  • A key characteristic of the currency is its instability, which increased in the spring of 2002.
  • Uruguayans have become accustomed to the constant devaluation and instability of their currency, and have developed a fitting lingo – calling periods of Dollar appreciation atraso cambiario ("the exchange rate is running late").

More information about UYU - Uruguayan Peso ($U)