PEN to PYG Exchange Rate - Convert Peruvian Nuevo Sol to Paraguayan Guarani
PEN to PYG Exchange Rate - Convert Peruvian Nuevo Sol to Paraguayan Guarani
Converting from Peruvian Nuevo Sol (PEN) to Paraguayan Guarani (PYG)
What is Peruvian Nuevo Sol (PEN)
The Peruvian Nuevo Sol (PEN) is the official currency of Peru. It was introduced in 1991, replacing the previous currency, the "Inti," due to hyperinflation. The Nuevo Sol is subdivided into 100 céntimos. The symbol for the Nuevo Sol is S/.
The Banco Central de Reserva del Perú (Central Reserve Bank of Peru) is responsible for issuing and managing the currency. The value of the PEN can fluctuate based on economic factors, including inflation rates, trade balances, and foreign investment. In recent years, Peru's economy has shown stable growth, which positively affects the strength of the Nuevo Sol against other currencies.
In terms of usage, you will find the PEN mainly in paper bills of 10, 20, 50, 100, and 200 soles, as well as coins in denominations of 1, 5, 10, 20, and 50 céntimos, and 1, 2, and 5 soles. The currency is widely accepted across the country, so whether you're shopping, dining, or traveling, you will need the PEN for your transactions.
What is Paraguayan Guarani (PYG)
The Paraguayan Guarani (PYG) is the official currency of Paraguay. It was established in 1944 and is named after the indigenous Guarani people. The symbol for the Guarani is ₲, and it is divided into 100 céntimos. The Central Bank of Paraguay manages and regulates the currency.
The Guarani has experienced various changes over the years due to economic issues, including periods of high inflation. However, it remains an essential part of the Paraguayan economy. The physical currency includes different denominations: paper bills in values of 1, 5, 10, 20, 50, 100, 500, 1,000, 5,000, 10,000, 20,000, 50,000, and 100,000 guaraníes, and coins in smaller denominations.
When traveling to Paraguay, understanding the Guarani is crucial for daily transactions. Besides cash, some businesses may also accept US dollars, but it is always best to use local currency for better deals and convenience.
Converting PEN to PYG
If you need to convert PEN to PYG, it is important to check the current exchange rate, as it fluctuates frequently. The conversion can be calculated using the formula:
Amount in PYG = Amount in PEN × Exchange Rate (PEN to PYG)
For example, if you have 100 PEN and the exchange rate is 1 PEN = 1,500 PYG, the conversion would be:
Amount in PYG = 100 × 1500 = 150,000 PYG
When making a currency exchange, always check with local banks or money exchange services to get the best rates.
Peruvian Nuevo Sol to Paraguayan Guarani conversion table
PEN to PYG conversion table
| Peruvian Nuevo Sol (PEN) | Paraguayan Guarani (PYG) |
|---|---|
| 1 PEN | 2 179.20481234722 PYG |
| 2 PEN | 4 358.40962469443 PYG |
| 3 PEN | 6 537.61443704165 PYG |
| 4 PEN | 8 716.81924938886 PYG |
| 5 PEN | 10 896.02406173608 PYG |
| 6 PEN | 13 075.2288740833 PYG |
| 7 PEN | 15 254.43368643051 PYG |
| 8 PEN | 17 433.63849877773 PYG |
| 9 PEN | 19 612.84331112495 PYG |
| 10 PEN | 21 792.04812347216 PYG |
| 100 PEN | 217 920.48123472162 PYG |
| 200 PEN | 435 840.96246944323 PYG |
| 300 PEN | 653 761.44370416485 PYG |
| 400 PEN | 871 681.92493888646 PYG |
| 500 PEN | 1 089 602.40617360808 PYG |
| 600 PEN | 1 307 522.8874083297 PYG |
| 700 PEN | 1 525 443.36864305131 PYG |
| 800 PEN | 1 743 363.84987777293 PYG |
| 900 PEN | 1 961 284.33111249454 PYG |
| 1 000 PEN | 2 179 204.81234721616 PYG |
| 2 000 PEN | 4 358 409.62469443232 PYG |
| 5 000 PEN | 10 896 024.06173608079 PYG |
| 10 000 PEN | 21 792 048.12347216158 PYG |
| 20 000 PEN | 43 584 096.24694432317 PYG |
| 50 000 PEN | 108 960 240.61736080792 PYG |
| 100 000 PEN | 217 920 481.23472161584 PYG |