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milestoneBased to Peruvian Sol Converter and calculator

Convert 1milestoneBased (MILE) to Peruvian Sol (PEN) equals S/. 0.3496 | Bitget
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Last updated 2024/12/18 18:20:17 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of milestoneBased(MILE) to Peruvian Sol(PEN). This is the real-time data. The current conversion shows 1 MILE at a value of 1 MILE for 0.35 PEN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

PEN 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.

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

MILE to PEN conversion rate trend

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Live milestoneBased (MILE) price chart
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In the past 1D, milestoneBased has changed +0.01% to PEN. Based on the trend and price charts, milestoneBased(MILE) has changed +0.01% to PEN while Peruvian Sol(PEN) has changed -0.01% to MILE in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
S/.0.3489
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/18 16:30:52(UTC+0)

How to buy milestoneBased

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Buy milestoneBased (MILE)
Use a variety of payment options to buy milestoneBased on Bitget. We'll show you how.

Buy MILE (or USDT) for PEN (Peruvian Sol) offers

Bitget P2P trading does not currently support direct buying of MILE with PEN. However, you can buy USDT in Bitget P2P trading first, and then buy MILE with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell MILE (or USDT) for PEN (Peruvian Sol) offers

Bitget P2P trading currently does not support direct selling of MILE to PEN. However, you can first exchange MILE for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
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What factors influence the conversion rate of milestoneBased to Peruvian Sol?

milestoneBased to Peruvian Sol is rising this week.
milestoneBased's current market price is S/. 0.3496 per MILE, with a total market cap of S/. 19,772,577.3 PEN based on a circulating supply of 56,555,784 MILE. The trading volume of milestoneBased has changed by -3.34% (S/. -1,941.37 PEN) in the last 24 hours. Last trading day, MILE's trading volume was S/. 58,178.74.
Market cap
$5.29M
24h volume
$15.05K
Circulating supply
56.56M MILE

Conversion tables

The exchange rate of milestoneBased is increasing.
1 MILE is currently valued at S/. 0.3496 PEN , which means buying 5 MILE will cost S/. 1.75 PEN . Similarly, S/.1 PEN can be traded for 2.86 MILE, and S/.50 PEN can be converted to 143.02 MILE, excluding any platform or gas fees.
The exchange rate of 1 MILE to Peruvian Sol has changed by +0.32% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.01%, reaching a high of 0.3500 PEN and a low of 0.3487 PEN . One month ago, the value of 1 MILE was S/. 0.2022 PEN , which represents a +72.98% change from its current value. Over the last year, milestoneBased has changed by
-S/.
0.3554PEN
, resulting in a change of -50.42% in its value.

MILE to PEN

Amount
18:20 today
0.5 MILE
S/.0.1748
1 MILE
S/.0.3496
5 MILE
S/.1.75
10 MILE
S/.3.5
50 MILE
S/.17.48
100 MILE
S/.34.96
500 MILE
S/.174.81
1000 MILE
S/.349.61

PEN to MILE

Amount18:20 today
0.5PEN1.43  MILE
1PEN2.86  MILE
5PEN14.3  MILE
10PEN28.6  MILE
50PEN143.02  MILE
100PEN286.03  MILE
500PEN1,430.16  MILE
1000PEN2,860.31  MILE

Today vs. 24 hours ago

Amount18:20 today24 hours ago24h change
0.5 MILE$0.04678$0.04678
+0.01%
1 MILE$0.09357$0.09356
+0.01%
5 MILE$0.4678$0.4678
+0.01%
10 MILE$0.9357$0.9356
+0.01%
50 MILE$4.68$4.68
+0.01%
100 MILE$9.36$9.36
+0.01%
500 MILE$46.78$46.78
+0.01%
1000 MILE$93.57$93.56
+0.01%

Today vs. 1 month ago

Amount18:20 today1 month ago1M change
0.5 MILE$0.04678$0.02705
+72.98%
1 MILE$0.09357$0.05410
+72.98%
5 MILE$0.4678$0.2705
+72.98%
10 MILE$0.9357$0.5410
+72.98%
50 MILE$4.68$2.71
+72.98%
100 MILE$9.36$5.41
+72.98%
500 MILE$46.78$27.05
+72.98%
1000 MILE$93.57$54.1
+72.98%

Today vs. 1 year ago

Amount18:20 today1 year ago1Y change
0.5 MILE$0.04678$0.09434
-50.42%
1 MILE$0.09357$0.1887
-50.42%
5 MILE$0.4678$0.9434
-50.42%
10 MILE$0.9357$1.89
-50.42%
50 MILE$4.68$9.43
-50.42%
100 MILE$9.36$18.87
-50.42%
500 MILE$46.78$94.34
-50.42%
1000 MILE$93.57$188.68
-50.42%

milestoneBased price prediction

What will the price of MILE be in 2025?

Based on MILE's historical price performance prediction model, the price of MILE is projected to reach $0.1564 in 2025.

What will the price of MILE be in 2030?

In 2030, the MILE price is expected to change by -5.00%. By the end of 2030, the MILE price is projected to reach $0.2449, with a cumulative ROI of +162.00%.

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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.