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RETIK to PEN Converter and calculator

RETIK/PEN: 1 RETIK = 0.006704 PEN. The price of converting 1 Retik Finance (RETIK) to Peruvian Sol (PEN) is 0.006704 PEN today.
RETIK
RETIK
PEN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides RETIK to PEN real-time exchange rates, making it easy to convert Retik Finance (RETIK) to Peruvian Sol (PEN). The conversion result is based on real-time data. The conversion result shows that 1 RETIK is currently valued at 0.01 PEN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 RETIK is currently valued at 0.01 PEN, which means buying 5 RETIK would cost 0.03 PEN. Similarly, S/.1 PEN can be converted to 149.16 RETIK, and S/.50 PEN can be converted to 745.8 RETIK, excluding any platform or gas fees.

Convert RETIK to PEN

Convert PEN to RETIK

Retik Finance
Peruvian Sol
1 RETIK
0.006704  PEN
10 RETIK
0.06704  PEN
100 RETIK
0.6704  PEN
5000 RETIK
33.52  PEN
10000 RETIK
67.04  PEN
In the table above, you'll find a comprehensive RETIK to PEN converter that shows the value of Retik Finance in Peruvian Sol across commonly used conversion amounts. The list covers conversions from 1 RETIK to PEN, all the way up to 10000 RETIK, providing a clear view of their respective values.
Peruvian Sol
Retik Finance
100 PEN
14,916.09 RETIK
200 PEN
29,832.18 RETIK
500 PEN
74,580.44 RETIK
1000 PEN
149,160.89 RETIK
2000 PEN
298,321.78 RETIK
5000 PEN
745,804.45 RETIK
10000 PEN
1,491,608.9 RETIK
50000 PEN
7,458,044.48 RETIK
100000 PEN
14,916,088.96 RETIK
In the table above, you'll find a comprehensive PEN to RETIK converter that shows the value of Peruvian Sol in Retik Finance across commonly used conversion amounts. The list covers conversions from 1 PEN to RETIK, all the way up to 100000 PEN, providing a clear view of their respective values.

RETIK to PEN chart

RETIK/PEN: 1 RETIK = 0.006704 PEN; 2025/04/27 17:25:04
In the past 1D, Retik Finance has changed +1.76% to PEN. Based on the trend and price charts, Retik Finance(RETIK) has changed +1.76% to PEN while Peruvian Sol(PEN) has changed % to RETIK in the last 24 hours.
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RETIK to PEN conversion data: Volatility and price changes of Retik Finance in PEN

The highest Retik Finance price in PEN over the past 7 days was 0.008069 PEN while the lowest Retik Finance price in PEN over the past 7 days was 0.006485 PEN. The relative change between the highs and lows in Retik Finance price in PEN over the last 7 days indicates a volatility of %. You can view additional volatility data and RETIK 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
0.006773 PEN
0.008069 PEN
0.009088 PEN
0.01016 PEN
Low
0.006439 PEN
0.006485 PEN
0.006072 PEN
0.005240 PEN
Average
0 PEN
0 PEN
0 PEN
0 PEN
Volatility
%
%
%
%
Change
+1.76%
+3.34%
+11.37%
+18.69%

Retik Finance information

RETIK to PEN market statistics

RETIK/PEN:
S/.0.006704
RETIK 24h volume:
S/.300,307.02
RETIK market cap:
--
RETIK circulating supply:
0 RETIK

Current RETIK to PEN exchange rate

Retik Finance to Peruvian Sol is rising this week.
Retik Finance's current market price is S/.0.006704 per RETIK, with a total market cap of S/.0 PEN based on a circulating supply of -- RETIK. The trading volume of Retik Finance has changed by +3.64% (S/.10,556.76 PEN) in the last 24 hours. Last trading day, RETIK's trading volume was S/.289,750.26.

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

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How to convert RETIK to PEN

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RETIK to PEN Conversion tables

The exchange rate of Retik Finance is increasing.
The exchange rate of 1 RETIK to Peruvian Sol has changed by +3.34% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.76%, reaching a high of 0.006773 PEN and a low of 0.006439 PEN . One month ago, the value of 1 RETIK was S/.0.006020 PEN , which represents a +11.37% change from its current value. Over the last year, Retik Finance has changed by
-S/.
6.81PEN
, resulting in a change of -99.90% in its value.
24 hours ago1 month ago1 year ago
Amount17:25 today24 hours ago24h change
0.5 RETIKS/.0.003352S/.0.003294
+1.76%
1 RETIKS/.0.006704S/.0.006588
+1.76%
5 RETIKS/.0.03352S/.0.03294
+1.76%
10 RETIKS/.0.06704S/.0.06588
+1.76%
50 RETIKS/.0.3352S/.0.3294
+1.76%
100 RETIKS/.0.6704S/.0.6588
+1.76%
500 RETIKS/.3.35S/.3.29
+1.76%
1000 RETIKS/.6.7S/.6.59
+1.76%

RETIK to PEN FAQ

How much is 1 Retik Finance in PEN?
Right now, the price of 1 Retik Finance (RETIK) in Peruvian Sol (PEN) is S/.0.006704.
How much RETIK can I buy for 1 PEN?
Based on the current exchange rate, you can get 149.16 RETIK for 1 PEN.
How do I calculate or convert RETIK to PEN?
You can use our RETIK to PEN calculator at the top of this page to convert any amount of RETIK to PEN. We've also included quick-reference tables for the most popular conversions. For example, 5 PEN is equivalent to 745.8 RETIK, while 5 RETIK will cost around 0.03352PEN.
What is the highest price of RETIK/PEN in history?
The all-time high price of 1 RETIK in PEN is S/.11.31. It remains to be seen if the value of 1 RETIK/PEN will exceed the current all-time high.
What is the price trend of Retik Finance in PEN?
Over the past 7 days, the exchange rate of Retik Finance (RETIK) has gone up by 3.34%.   Over the last month, the exchange rate of Retik Finance (RETIK) has gone up by 11.37% against Peruvian Sol (PEN).

What factors influence the conversion rate of RETIK to PEN?

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