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Islamic Coin to Peruvian Sol Converter and calculator

Convert 1Islamic Coin (ISLM) to Peruvian Sol (PEN) equals S/. 0.2035 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Islamic Coin(ISLM) to Peruvian Sol(PEN). This is the real-time data. The current conversion shows 1 ISLM at a value of 1 ISLM for 0.20 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 Islamic Coin currency pair is the ISLM to PEN, with for Islamic Coin's currency code being ISLM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for PEN.

ISLM to PEN conversion rate trend

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In the past 1D, Islamic Coin has changed -2.42% to PEN. Based on the trend and price charts, Islamic Coin(ISLM) has changed -2.42% to PEN while Peruvian Sol(PEN) has changed % to ISLM in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
S/.0.2190
0.0200% / 0.0320%vip-iconVIP 7
Gate.io
S/.0.2053
0.1000% / 0.1000%
Yes
KuCoin
S/.0.2053
0.1000% / 0.1000%
Yes
Last updated 2024/12/23 00:00:22(UTC+0)

How to buy Islamic Coin

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Islamic Coin (ISLM)
Use a variety of payment options to buy Islamic Coin on Bitget. We'll show you how.

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

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

Bitget P2P trading currently does not support direct selling of ISLM to PEN. However, you can first exchange ISLM 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
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What factors influence the conversion rate of Islamic Coin to Peruvian Sol?

Islamic Coin to Peruvian Sol is falling this week.
Islamic Coin's current market price is S/. 0.2035 per ISLM, with a total market cap of S/. 302,191,315.27 PEN based on a circulating supply of 1,485,109,600 ISLM. The trading volume of Islamic Coin has changed by +17.00% (S/. 1,108,329.95 PEN) in the last 24 hours. Last trading day, ISLM's trading volume was S/. 6,520,431.76.
Market cap
$81.50M
24h volume
$2.06M
Circulating supply
1.49B ISLM

Conversion tables

The exchange rate of Islamic Coin is decreasing.
1 ISLM is currently valued at S/. 0.2035 PEN , which means buying 5 ISLM will cost S/. 1.02 PEN . Similarly, S/.1 PEN can be traded for 4.91 ISLM, and S/.50 PEN can be converted to 245.72 ISLM, excluding any platform or gas fees.
The exchange rate of 1 ISLM to Peruvian Sol has changed by -4.90% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.42%, reaching a high of 0.2098 PEN and a low of 0.2023 PEN . One month ago, the value of 1 ISLM was S/. 0.2637 PEN , which represents a -22.82% change from its current value. Over the last year, Islamic Coin has changed by
-S/.
0.2792PEN
, resulting in a change of -57.83% in its value.

ISLM to PEN

Amount
08:10 am today
0.5 ISLM
S/.0.1017
1 ISLM
S/.0.2035
5 ISLM
S/.1.02
10 ISLM
S/.2.03
50 ISLM
S/.10.17
100 ISLM
S/.20.35
500 ISLM
S/.101.74
1000 ISLM
S/.203.48

PEN to ISLM

Amount08:10 am today
0.5PEN2.46  ISLM
1PEN4.91  ISLM
5PEN24.57  ISLM
10PEN49.14  ISLM
50PEN245.72  ISLM
100PEN491.45  ISLM
500PEN2,457.23  ISLM
1000PEN4,914.47  ISLM

Today vs. 24 hours ago

Amount08:10 am today24 hours ago24h change
0.5 ISLM$0.02744$0.02812
-2.42%
1 ISLM$0.05488$0.05624
-2.42%
5 ISLM$0.2744$0.2812
-2.42%
10 ISLM$0.5488$0.5624
-2.42%
50 ISLM$2.74$2.81
-2.42%
100 ISLM$5.49$5.62
-2.42%
500 ISLM$27.44$28.12
-2.42%
1000 ISLM$54.88$56.24
-2.42%

Today vs. 1 month ago

Amount08:10 am today1 month ago1M change
0.5 ISLM$0.02744$0.03556
-22.82%
1 ISLM$0.05488$0.07111
-22.82%
5 ISLM$0.2744$0.3556
-22.82%
10 ISLM$0.5488$0.7111
-22.82%
50 ISLM$2.74$3.56
-22.82%
100 ISLM$5.49$7.11
-22.82%
500 ISLM$27.44$35.56
-22.82%
1000 ISLM$54.88$71.11
-22.82%

Today vs. 1 year ago

Amount08:10 am today1 year ago1Y change
0.5 ISLM$0.02744$0.06509
-57.83%
1 ISLM$0.05488$0.1302
-57.83%
5 ISLM$0.2744$0.6509
-57.83%
10 ISLM$0.5488$1.3
-57.83%
50 ISLM$2.74$6.51
-57.83%
100 ISLM$5.49$13.02
-57.83%
500 ISLM$27.44$65.09
-57.83%
1000 ISLM$54.88$130.18
-57.83%

Islamic Coin price prediction

What will the price of ISLM be in 2025?

Based on ISLM's historical price performance prediction model, the price of ISLM is projected to reach $0.1052 in 2025.

What will the price of ISLM be in 2030?

In 2030, the ISLM price is expected to change by +9.00%. By the end of 2030, the ISLM price is projected to reach $0.1961, with a cumulative ROI of +249.39%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Islamic Coin and PEN.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Islamic Coin and PEN. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Islamic Coin in PEN, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.