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OCTO to PEN Converter and calculator

OCTO/PEN: 1 OCTO = 0.8951 PEN. The price of converting 1 OctoFi (OCTO) to Peruvian Sol (PEN) is 0.8951 PEN today.
OCTO
OCTO
PEN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides OCTO to PEN real-time exchange rates, making it easy to convert OctoFi (OCTO) to Peruvian Sol (PEN). The conversion result is based on real-time data. The conversion result shows that 1 OCTO is currently valued at 0.90 PEN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 OCTO is currently valued at 0.90 PEN, which means buying 5 OCTO would cost 4.48 PEN. Similarly, S/.1 PEN can be converted to 1.12 OCTO, and S/.50 PEN can be converted to 5.59 OCTO, excluding any platform or gas fees.

Convert OCTO to PEN

Convert PEN to OCTO

OctoFi
Peruvian Sol
5000 OCTO
4,475.51  PEN
10000 OCTO
8,951.01  PEN
In the table above, you'll find a comprehensive OCTO to PEN converter that shows the value of OctoFi in Peruvian Sol across commonly used conversion amounts. The list covers conversions from 1 OCTO to PEN, all the way up to 10000 OCTO, providing a clear view of their respective values.
Peruvian Sol
OctoFi
10000 PEN
11,171.92 OCTO
50000 PEN
55,859.61 OCTO
100000 PEN
111,719.21 OCTO
In the table above, you'll find a comprehensive PEN to OCTO converter that shows the value of Peruvian Sol in OctoFi across commonly used conversion amounts. The list covers conversions from 1 PEN to OCTO, all the way up to 100000 PEN, providing a clear view of their respective values.

OCTO to PEN chart

OCTO/PEN: 1 OCTO = 0.8951 PEN; 2025/04/27 12:54:20
In the past 1D, OctoFi has changed -2.40% to PEN. Based on the trend and price charts, OctoFi(OCTO) has changed -2.40% to PEN while Peruvian Sol(PEN) has changed % to OCTO in the last 24 hours.
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OCTO to PEN conversion data: Volatility and price changes of OctoFi in PEN

The highest OctoFi price in PEN over the past 7 days was 0.9386 PEN while the lowest OctoFi price in PEN over the past 7 days was 0.8014 PEN. The relative change between the highs and lows in OctoFi price in PEN over the last 7 days indicates a volatility of %. You can view additional volatility data and OCTO 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
0.9366 PEN
0.9386 PEN
1.58 PEN
1.58 PEN
Low
0.8500 PEN
0.8014 PEN
0.7730 PEN
0.7730 PEN
Average
0 PEN
0 PEN
0 PEN
0 PEN
Volatility
%
%
%
%
Change
-2.40%
+11.09%
-26.34%
-38.88%

OctoFi information

OCTO to PEN market statistics

OCTO/PEN:
S/.0.8951
OCTO 24h volume:
--
OCTO market cap:
S/.714,248.84
OCTO circulating supply:
797.95K OCTO

Current OCTO to PEN exchange rate

OctoFi to Peruvian Sol is rising this week.
OctoFi's current market price is S/.0.8951 per OCTO, with a total market cap of S/.714,248.84 PEN based on a circulating supply of 797,953.2 OCTO. The trading volume of OctoFi has changed by 0.00% (S/.0 PEN) in the last 24 hours. Last trading day, OCTO's trading volume was S/.0.

More info about OctoFi 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 OctoFi currency pair is the OCTO to PEN, with for OctoFi's currency code being OCTO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PEN.

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How to convert OCTO to PEN

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OCTO to PEN Conversion tables

The exchange rate of OctoFi is decreasing.
The exchange rate of 1 OCTO to Peruvian Sol has changed by +11.09% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.40%, reaching a high of 0.9366 PEN and a low of 0.8500 PEN . One month ago, the value of 1 OCTO was S/.1.22 PEN , which represents a -26.34% change from its current value. Over the last year, OctoFi has changed by
-S/.
0.5832PEN
, resulting in a change of -39.45% in its value.
24 hours ago1 month ago1 year ago
Amount12:54 today24 hours ago24h change
0.5 OCTOS/.0.4476S/.0.4586
-2.40%
1 OCTOS/.0.8951S/.0.9172
-2.40%
5 OCTOS/.4.48S/.4.59
-2.40%
10 OCTOS/.8.95S/.9.17
-2.40%
50 OCTOS/.44.76S/.45.86
-2.40%
100 OCTOS/.89.51S/.91.72
-2.40%
500 OCTOS/.447.55S/.458.58
-2.40%
1000 OCTOS/.895.1S/.917.16
-2.40%

OCTO to PEN FAQ

How much is 1 OctoFi in PEN?
Right now, the price of 1 OctoFi (OCTO) in Peruvian Sol (PEN) is S/.0.8951.
How much OCTO can I buy for 1 PEN?
Based on the current exchange rate, you can get 1.12 OCTO for 1 PEN.
How do I calculate or convert OCTO to PEN?
You can use our OCTO to PEN calculator at the top of this page to convert any amount of OCTO to PEN. We've also included quick-reference tables for the most popular conversions. For example, 5 PEN is equivalent to 5.59 OCTO, while 5 OCTO will cost around 4.48PEN.
What is the highest price of OCTO/PEN in history?
The all-time high price of 1 OCTO in PEN is S/.470.04. It remains to be seen if the value of 1 OCTO/PEN will exceed the current all-time high.
What is the price trend of OctoFi in PEN?
Over the past 7 days, the exchange rate of OctoFi (OCTO) has gone up by 11.09%.   Over the last month, the exchange rate of OctoFi (OCTO) has gone down by 26.34% against Peruvian Sol (PEN).

What factors influence the conversion rate of OCTO to PEN?

There are many factors that affect the relationship between OctoFi 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 OCTO/PEN. When there is positive news in the market about the widespread adoption of OCTO or major technological breakthroughs, it tends to trigger market optimism and drive the rise of OCTO/PEN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in OCTO/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 OCTO/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 OctoFi 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.