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 | 0.41288467546 PEN |
| 2 SVC | 0.82576935092 PEN |
| 3 SVC | 1.23865402639 PEN |
| 4 SVC | 1.65153870185 PEN |
| 5 SVC | 2.06442337731 PEN |
| 6 SVC | 2.47730805277 PEN |
| 7 SVC | 2.89019272824 PEN |
| 8 SVC | 3.3030774037 PEN |
| 9 SVC | 3.71596207916 PEN |
| 10 SVC | 4.12884675462 PEN |
| 100 SVC | 41.28846754624 PEN |
| 200 SVC | 82.57693509249 PEN |
| 300 SVC | 123.86540263873 PEN |
| 400 SVC | 165.15387018497 PEN |
| 500 SVC | 206.44233773122 PEN |
| 600 SVC | 247.73080527746 PEN |
| 700 SVC | 289.0192728237 PEN |
| 800 SVC | 330.30774036995 PEN |
| 900 SVC | 371.59620791619 PEN |
| 1 000 SVC | 412.88467546243 PEN |
| 2 000 SVC | 825.76935092487 PEN |
| 5 000 SVC | 2 064.42337731217 PEN |
| 10 000 SVC | 4 128.84675462434 PEN |
| 20 000 SVC | 8 257.69350924869 PEN |
| 50 000 SVC | 20 644.23377312171 PEN |
| 100 000 SVC | 41 288.46754624343 PEN |