SVC to PEN Exchange Rate - Convert El Salvador Colon to Peruvian Nuevo Sol
SVC to PEN Exchange Rate - Convert El Salvador Colon to Peruvian Nuevo Sol
Converting from El Salvador Colon (SVC) to Peruvian Nuevo Sol (PEN)
What is El Salvador Colon (SVC)
The El Salvador Colon (SVC) was the currency of El Salvador until it was replaced by the US Dollar (USD) in January 2001. The Colon was subdivided into 100 centavos, making it somewhat similar to other Latin American currencies. The name "Colon" is a tribute to Christopher Columbus, known as "Cristóbal Colón" in Spanish. During its time as a national currency, the Colon coexisted with the USD, which remains the legal tender in El Salvador today.
Although the Colon is no longer in circulation, it still holds historical significance for many Salvadorans. The transition from the Colon to the USD aimed to stabilize the economy, attract foreign investments, and simplify transactions. Even as the Colon is a historical currency, understanding its value can be useful for those interested in collecting currencies or studying the economic history of El Salvador.
What is Peruvian Nuevo Sol (PEN)
The Peruvian Nuevo Sol (PEN) is the official currency of Peru. Introduced in 1991, the Nuevo Sol replaced the previous currency, the Inti, at a rate of 1 nuevo sol to 1,000 intis. The term "nuevo" means "new," reflecting the change from the hyperinflated old currency to a more stable financial unit. The Nuevo Sol is subdivided into 100 céntimos, which facilitates small transactions.
The Peruvian Central Bank issues various denominations of the Nuevo Sol in both coins and banknotes. The currency is often praised for its stability, especially in comparison to other Latin American currencies. This stability has helped to attract tourists and investors to Peru, making it a key player in the region.
Converting SVC to PEN
Although the El Salvador Colon is no longer in use, understanding how to convert it to the Peruvian Nuevo Sol can be interesting from a historical perspective. Since the Colon is not a circulating currency, the conversion focuses on historical exchange rates rather than current rates.
To perform a hypothetical conversion, one would need access to historical data illustrating the SVC to USD conversion rates before the Colon's discontinuation. This would provide a relevant exchange rate for educational purposes. For a theoretical calculation, if you were to use a historical rate of 1 SVC equaling ＄0.14, and then 1 USD is approximately 3.80 PEN, the conversion would work as follows:
Value in PEN = Value in SVC × 0.14 × 3.80
This formula illustrates how you might approach conversion, even though the SVC is no longer an active currency. Understanding the context of these currencies enriches one's knowledge of Latin American economic history.
El Salvador Colon to Peruvian Nuevo Sol conversion table
SVC to PEN conversion table
| El Salvador Colon (SVC) | Peruvian Nuevo Sol (PEN) |
|---|---|
| 1 SVC | 0.41953520464 PEN |
| 2 SVC | 0.83907040928 PEN |
| 3 SVC | 1.25860561391 PEN |
| 4 SVC | 1.67814081855 PEN |
| 5 SVC | 2.09767602319 PEN |
| 6 SVC | 2.51721122783 PEN |
| 7 SVC | 2.93674643247 PEN |
| 8 SVC | 3.35628163711 PEN |
| 9 SVC | 3.77581684174 PEN |
| 10 SVC | 4.19535204638 PEN |
| 100 SVC | 41.95352046382 PEN |
| 200 SVC | 83.90704092765 PEN |
| 300 SVC | 125.86056139147 PEN |
| 400 SVC | 167.81408185529 PEN |
| 500 SVC | 209.76760231912 PEN |
| 600 SVC | 251.72112278294 PEN |
| 700 SVC | 293.67464324677 PEN |
| 800 SVC | 335.62816371059 PEN |
| 900 SVC | 377.58168417441 PEN |
| 1 000 SVC | 419.53520463824 PEN |
| 2 000 SVC | 839.07040927647 PEN |
| 5 000 SVC | 2 097.67602319118 PEN |
| 10 000 SVC | 4 195.35204638236 PEN |
| 20 000 SVC | 8 390.70409276472 PEN |
| 50 000 SVC | 20 976.76023191179 PEN |
| 100 000 SVC | 41 953.52046382358 PEN |