PEN to VES Exchange Rate - Convert Peruvian Nuevo Sol to Venezuelan bolívar soberano

Converting from Peruvian Nuevo Sol (PEN) to Venezuelan bolívar soberano (VES)

What is Peruvian Nuevo Sol (PEN)

The Peruvian Nuevo Sol, abbreviated as PEN, is the official currency of Peru. It was introduced in 1991, replacing the Peruvian intis at a rate of 1 nuevo sol for 1,000 intis. The symbol for the nuevo sol is S/.

The Peruvian economy is considered one of the fastest-growing in the region, largely due to its strong agricultural sector, increased mining activities, and a focus on export-oriented growth. As a result, the nuevo sol has remained relatively stable compared to other Latin American currencies.

The central bank of Peru, known as the Banco Central de Reserva del Perú (BCRP), manages the currency and implements monetary policy aimed at achieving economic stability. The nuevo sol is divided into 100 céntimos, which is the smaller denomination. Banknotes are available in various denominations, ranging from 10 to 200 soles, while coins come in 5, 10, 20, and 50 céntimos, as well as 1 and 5 soles.

What is Venezuelan bolívar soberano (VES)

The Venezuelan bolívar soberano, abbreviated as VES, is the current currency of Venezuela. It was introduced in August 2018, following an economic crisis that prompted a redenomination of the previous bolívar fuerte. The new bolívar soberano replaced the old currency at a conversion rate of 1 bolívar soberano for 100,000 bolívar fuertes.

The bolívar soberano is symbolized as Bs.S. and denominated in subunits called céntimos, with 100 céntimos making up one bolívar soberano. The value of the bolívar soberano has fluctuated significantly due to hyperinflation, political instability, and economic mismanagement. This has led to extreme devaluations and a continuously changing exchange rate.

Venezuela’s economy has faced significant challenges, including a decline in oil production, which is the country’s primary source of revenue. These economic difficulties have resulted in the bolívar soberano consistently losing value against other major currencies. To combat this hyperinflation, the Venezuelan government has attempted various measures, including the introduction of cryptocurrencies and foreign exchange controls.

Converting PEN to VES

When it comes to converting Peruvian Nuevo Sol (PEN) to Venezuelan bolívar soberano (VES), it is crucial to stay updated on the latest exchange rates, as they fluctuate frequently due to economic conditions. As of recent updates, the exchange rate reflects the immense difficulties that the bolívar soberano faces due to inflation.

To perform the conversion mathematically, if the exchange rate is represented as

RatePEN → VES

, you can calculate the amount in bolívares by using the formula:

Amount in VES = Amount in PEN × RatePEN → VES

It’s advisable to check trusted financial news sources or currency conversion websites to obtain current rates before making any transactions or investments.

Peruvian Nuevo Sol to Venezuelan bolívar soberano conversion table

PEN to VES conversion table

Peruvian Nuevo Sol (PEN)Venezuelan bolívar soberano (VES)
1 PEN27.42462989313 VES
2 PEN54.84925978626 VES
3 PEN82.2738896794 VES
4 PEN109.69851957253 VES
5 PEN137.12314946566 VES
6 PEN164.54777935879 VES
7 PEN191.97240925193 VES
8 PEN219.39703914506 VES
9 PEN246.82166903819 VES
10 PEN274.24629893132 VES
100 PEN2 742.46298931322 VES
200 PEN5 484.92597862643 VES
300 PEN8 227.38896793965 VES
400 PEN10 969.85195725287 VES
500 PEN13 712.31494656609 VES
600 PEN16 454.7779358793 VES
700 PEN19 197.24092519252 VES
800 PEN21 939.70391450574 VES
900 PEN24 682.16690381895 VES
1 000 PEN27 424.62989313217 VES
2 000 PEN54 849.25978626434 VES
5 000 PEN137 123.14946566085 VES
10 000 PEN274 246.2989313217 VES
20 000 PEN548 492.5978626434 VES
50 000 PEN1 371 231.49465660851 VES
100 000 PEN2 742 462.98931321701 VES
Last updated June 11, 2025 at 03:55 PM