Us Dollar To Peruvian Sol Exchange Rate History
The Peruvian Sol
The Peruvian Sol is the official currency of Peru, and it has been in use since 1991. The Sol is divided into 100 cents, and it is abbreviated as PEN. The currency features the image of the Inca leader, Tupac Amaru II, on the front side of its banknotes. Peru is a country located in South America, and it is known for its rich history and diverse culture.
The US Dollar
The US dollar is the official currency of the United States, and it is one of the most widely used currencies in the world. The dollar is divided into 100 cents, and it is abbreviated as USD. The currency features the image of various US presidents on the front side of its banknotes. The United States is a country located in North America, and it is known for its economic and military power.
Exchange Rate History
The exchange rate between the US dollar and the Peruvian Sol has been subject to fluctuations over time. In the early 1990s, the exchange rate was approximately 1 USD to 2.8 PEN. By the end of the decade, the exchange rate had risen to 1 USD to 3.5 PEN. In the early 2000s, the exchange rate remained stable at around 1 USD to 3.5 PEN.
In 2002, the exchange rate began to rise, and by 2003, it had reached 1 USD to 3.6 PEN. In 2004, the exchange rate continued to rise, and it reached 1 USD to 3.8 PEN. By the end of the decade, the exchange rate had risen to 1 USD to 2.8 PEN.
In the early 2010s, the exchange rate remained relatively stable, with an average of 1 USD to 2.7 PEN. By 2015, the exchange rate had risen to 1 USD to 3.2 PEN. In 2016, the exchange rate remained relatively stable, with an average of 1 USD to 3.4 PEN.
In 2017, the exchange rate began to rise, and it reached 1 USD to 3.5 PEN. By 2018, the exchange rate had risen to 1 USD to 3.9 PEN. In 2019, the exchange rate remained relatively stable, with an average of 1 USD to 3.3 PEN.
Factors Affecting the Exchange Rate
The exchange rate between the US dollar and the Peruvian Sol is affected by a variety of factors. Some of these factors include:
- Economic growth
- Inflation
- Interest rates
- Political stability
- International trade
- Foreign investment
Changes in any of these factors can lead to fluctuations in the exchange rate between the two currencies.
Conclusion
The exchange rate between the US dollar and the Peruvian Sol has fluctuated over time, and it is subject to a variety of factors. While the exchange rate has remained relatively stable in recent years, it is important to keep an eye on economic and political developments that could affect the exchange rate in the future.