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GEL to PEN Converter and calculator

GEL/PEN: 1 GEL = 0.1675 PEN. The price of converting 1 Gelato (GEL) to Peruvian Sol (PEN) is 0.1675 PEN today.
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PEN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides GEL to PEN real-time exchange rates, making it easy to convert Gelato (GEL) to Peruvian Sol (PEN). The conversion result is based on real-time data. The conversion result shows that 1 GEL is currently valued at 0.17 PEN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 GEL is currently valued at 0.17 PEN, which means buying 5 GEL would cost 0.84 PEN. Similarly, S/.1 PEN can be converted to 5.97 GEL, and S/.50 PEN can be converted to 29.84 GEL, excluding any platform or gas fees.

Convert GEL to PEN

Convert PEN to GEL

Gelato
Peruvian Sol
10000 GEL
1,675.33  PEN
In the table above, you'll find a comprehensive GEL to PEN converter that shows the value of Gelato in Peruvian Sol across commonly used conversion amounts. The list covers conversions from 1 GEL to PEN, all the way up to 10000 GEL, providing a clear view of their respective values.
Peruvian Sol
Gelato
10000 PEN
59,689.79 GEL
50000 PEN
298,448.96 GEL
100000 PEN
596,897.92 GEL
In the table above, you'll find a comprehensive PEN to GEL converter that shows the value of Peruvian Sol in Gelato across commonly used conversion amounts. The list covers conversions from 1 PEN to GEL, all the way up to 100000 PEN, providing a clear view of their respective values.

GEL to PEN chart

GEL/PEN: 1 GEL = 0.1675 PEN; 2025/04/26 16:54:00
In the past 1D, Gelato has changed -1.80% to PEN. Based on the trend and price charts, Gelato(GEL) has changed -1.80% to PEN while Peruvian Sol(PEN) has changed % to GEL in the last 24 hours.
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GEL to PEN conversion data: Volatility and price changes of Gelato in PEN

The highest Gelato price in PEN over the past 7 days was 0.1856 PEN while the lowest Gelato price in PEN over the past 7 days was 0.1486 PEN. The relative change between the highs and lows in Gelato price in PEN over the last 7 days indicates a volatility of %. You can view additional volatility data and GEL to PEN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.1757 PEN
0.1856 PEN
0.2327 PEN
0.6027 PEN
Low
0.1678 PEN
0.1486 PEN
0.1441 PEN
0.1441 PEN
Average
0 PEN
0 PEN
0 PEN
0 PEN
Volatility
%
%
%
%
Change
-1.80%
+7.58%
-27.47%
-70.91%

Gelato information

GEL to PEN market statistics

GEL/PEN:
S/.0.1675
GEL 24h volume:
S/.279,256.11
GEL market cap:
S/.41,559,627.47
GEL circulating supply:
248.07M GEL

Current GEL to PEN exchange rate

Gelato to Peruvian Sol is rising this week.
Gelato's current market price is S/.0.1675 per GEL, with a total market cap of S/.41,559,627.47 PEN based on a circulating supply of 248,068,540 GEL. The trading volume of Gelato has changed by +16.27% (S/.39,066.79 PEN) in the last 24 hours. Last trading day, GEL's trading volume was S/.240,189.32.

More info about Gelato on Bitget

Peruvian Sol information

About the Peruvian Sol (PEN)

What Is the Peruvian Sol (PEN)?

The Peruvian Sol, with the currency symbol: S/ and the ISO 4217 code PEN, is the sole legal tender of Peru. It's subdivided into 100 céntimos. The Sol, a term derived from the Latin 'solidus' and also meaning 'sun' in Spanish, symbolizes continuity from Peru's historic currency and its rich cultural heritage.

The Peruvian Sol is issued by the Central Reserve Bank of Peru (Banco Central de Reserva del Perú). This institution is responsible for the country's monetary policy, including the issuance and regulation of the national currency. The Central Reserve Bank of Peru plays a crucial role in maintaining the stability of the Sol and overseeing the country's financial system.

What Is the History of PEN?

Before Peru's independence in 1821, the Spanish colonial real was the prevalent currency. The Inca Empire, which preceded Spanish rule, used a unique accounting system called quipu instead of physical currency. Post-independence, Peru introduced its version of the real in 1822. However, following the global economic downturn in 1929, Peru faced severe hyperinflation. In 1963, the government introduced the sol, replacing the real. However, due to political instability and economic mismanagement, the sol was replaced by the inti in the 1980s. The late 1980s saw massive hyperinflation, leading to the introduction of the Nuevo Sol in the 1990s by President Alberto Fujimori. This move stabilized the economy, leading to lower inflation and better economic stability. The Nuevo Sol was renamed simply as Sol in 2015..

Notes and Coins of PEN

The Peruvian Sol comprises various denominations in both notes and coins, reflecting a rich blend of cultural and historical significance. Notes are available in denominations of 10, 20, 50, 100, and 200 Soles, each distinctively designed with iconic Peruvian figures, cultural symbols, and landmarks. Coins, on the other hand, come in denominations of 1, 2, and 5 Soles, along with smaller céntimos coins of 5, 10, 20, and 50 céntimos.

Is PEN Pegged to USD?

No, the Peruvian Sol (PEN) is not pegged to the United States Dollar (USD). The Sol operates under a floating exchange rate system, where its value is determined by market forces such as supply and demand in the foreign exchange market. This is in contrast to a pegged exchange rate system, where a country's currency value is fixed or tied to another major currency like the USD. Peru's monetary policy, managed by the Central Reserve Bank of Peru, allows the Sol to fluctuate freely against the USD and other foreign currencies.

Is PEN a Stable Currency?

The Peruvian Sol is recognized as a stable currency, particularly in the context of Latin American economies. As of January 2024, it was hailed as the most stable currency in the region, exhibiting less intense daily fluctuations in its exchange rate compared to its peers. This stability is underscored by the Sol's modest devaluation against the US dollar, with only a 41 Sol cent decrease from November 2018 to November 2023. Contributing to this stability are Peru's strong economic fundamentals, including a trade balance surplus of nearly $15 billion and international reserves approximating $75 billion, equivalent to 28% of its Gross Domestic Product. These factors collectively underscore the Sol's resilience and reliability as a currency in the global market.

Bitget crypto-to-fiat exchange data shows that the most popular Gelato currency pair is the GEL to PEN, with for Gelato's currency code being GEL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PEN.

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GEL to PEN Conversion tables

The exchange rate of Gelato is decreasing.
The exchange rate of 1 GEL to Peruvian Sol has changed by +7.58% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.80%, reaching a high of 0.1757 PEN and a low of 0.1678 PEN . One month ago, the value of 1 GEL was S/.0.2311 PEN , which represents a -27.47% change from its current value. Over the last year, Gelato has changed by
-S/.
1.2PEN
, resulting in a change of -87.72% in its value.
24 hours ago1 month ago1 year ago
Amount16:54 today24 hours ago24h change
0.5 GELS/.0.08377S/.0.08530
-1.80%
1 GELS/.0.1675S/.0.1706
-1.80%
5 GELS/.0.8377S/.0.8530
-1.80%
10 GELS/.1.68S/.1.71
-1.80%
50 GELS/.8.38S/.8.53
-1.80%
100 GELS/.16.75S/.17.06
-1.80%
500 GELS/.83.77S/.85.3
-1.80%
1000 GELS/.167.53S/.170.61
-1.80%

GEL to PEN FAQ

How much is 1 Gelato in PEN?
Right now, the price of 1 Gelato (GEL) in Peruvian Sol (PEN) is S/.0.1675.
How much GEL can I buy for 1 PEN?
Based on the current exchange rate, you can get 5.97 GEL for 1 PEN.
How do I calculate or convert GEL to PEN?
You can use our GEL to PEN calculator at the top of this page to convert any amount of GEL to PEN. We've also included quick-reference tables for the most popular conversions. For example, 5 PEN is equivalent to 29.84 GEL, while 5 GEL will cost around 0.8377PEN.
What is the highest price of GEL/PEN in history?
The all-time high price of 1 GEL in PEN is S/.15.65. It remains to be seen if the value of 1 GEL/PEN will exceed the current all-time high.
What is the price trend of Gelato in PEN?
Over the past 7 days, the exchange rate of Gelato (GEL) has gone up by 7.58%.   Over the last month, the exchange rate of Gelato (GEL) has gone down by 27.47% against Peruvian Sol (PEN).

What factors influence the conversion rate of GEL to PEN?

There are many factors that affect the relationship between Gelato and Peruvian Sol, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of GEL/PEN. When there is positive news in the market about the widespread adoption of GEL or major technological breakthroughs, it tends to trigger market optimism and drive the rise of GEL/PEN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in GEL/PEN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of GEL/PEN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Gelato and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.