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IND to PEN Converter and calculator

IND/PEN: 1 IND = 0.009882 PEN. The price of converting 1 Indorse Token (IND) to Peruvian Sol (PEN) is 0.009882 PEN today.
IND
IND
PEN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides IND to PEN real-time exchange rates, making it easy to convert Indorse Token (IND) to Peruvian Sol (PEN). The conversion result is based on real-time data. The conversion result shows that 1 IND is currently valued at 0.01 PEN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 IND is currently valued at 0.01 PEN, which means buying 5 IND would cost 0.05 PEN. Similarly, S/.1 PEN can be converted to 101.19 IND, and S/.50 PEN can be converted to 505.95 IND, excluding any platform or gas fees.

Convert IND to PEN

Convert PEN to IND

Indorse Token
Peruvian Sol
In the table above, you'll find a comprehensive IND to PEN converter that shows the value of Indorse Token in Peruvian Sol across commonly used conversion amounts. The list covers conversions from 1 IND to PEN, all the way up to 10000 IND, providing a clear view of their respective values.
Peruvian Sol
Indorse Token
1000 PEN
101,190.71 IND
2000 PEN
202,381.42 IND
5000 PEN
505,953.56 IND
10000 PEN
1,011,907.11 IND
50000 PEN
5,059,535.55 IND
100000 PEN
10,119,071.11 IND
In the table above, you'll find a comprehensive PEN to IND converter that shows the value of Peruvian Sol in Indorse Token across commonly used conversion amounts. The list covers conversions from 1 PEN to IND, all the way up to 100000 PEN, providing a clear view of their respective values.

IND to PEN chart

IND/PEN: 1 IND = 0.009882 PEN; 2025/04/27 08:25:34
In the past 1D, Indorse Token has changed -0.00% to PEN. Based on the trend and price charts, Indorse Token(IND) has changed -0.00% to PEN while Peruvian Sol(PEN) has changed % to IND in the last 24 hours.
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IND to PEN conversion data: Volatility and price changes of Indorse Token in PEN

The highest Indorse Token price in PEN over the past 7 days was 0.009882 PEN while the lowest Indorse Token price in PEN over the past 7 days was 0.009882 PEN. The relative change between the highs and lows in Indorse Token price in PEN over the last 7 days indicates a volatility of %. You can view additional volatility data and IND 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
0.009882 PEN
0.009882 PEN
0.009882 PEN
0.009882 PEN
Low
0.009882 PEN
0.009882 PEN
0.009882 PEN
0.009882 PEN
Average
0 PEN
0 PEN
0 PEN
0 PEN
Volatility
%
%
%
%
Change
-0.00%
-0.00%
-0.00%
-0.00%

Indorse Token information

IND to PEN market statistics

IND/PEN:
S/.0.009882
IND 24h volume:
--
IND market cap:
--
IND circulating supply:
0 IND

Current IND to PEN exchange rate

Indorse Token to Peruvian Sol is falling this week.
Indorse Token's current market price is S/.0.009882 per IND, with a total market cap of S/.0 PEN based on a circulating supply of -- IND. The trading volume of Indorse Token has changed by 0.00% (S/.0 PEN) in the last 24 hours. Last trading day, IND's trading volume was S/.0.

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

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How to convert IND to PEN

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IND to PEN Conversion tables

The exchange rate of Indorse Token is decreasing.
The exchange rate of 1 IND to Peruvian Sol has changed by -0.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.00%, reaching a high of 0.009882 PEN and a low of 0.009882 PEN . One month ago, the value of 1 IND was S/.0.009882 PEN , which represents a -0.00% change from its current value. Over the last year, Indorse Token has changed by
+S/.
0.002771PEN
, resulting in a change of +38.96% in its value.
24 hours ago1 month ago1 year ago
Amount08:25 am today24 hours ago24h change
0.5 INDS/.0.004941S/.0.004941
-0.00%
1 INDS/.0.009882S/.0.009882
-0.00%
5 INDS/.0.04941S/.0.04941
-0.00%
10 INDS/.0.09882S/.0.09882
-0.00%
50 INDS/.0.4941S/.0.4941
-0.00%
100 INDS/.0.9882S/.0.9882
-0.00%
500 INDS/.4.94S/.4.94
-0.00%
1000 INDS/.9.88S/.9.88
-0.00%

IND to PEN FAQ

How much is 1 Indorse Token in PEN?
Right now, the price of 1 Indorse Token (IND) in Peruvian Sol (PEN) is S/.0.009882.
How much IND can I buy for 1 PEN?
Based on the current exchange rate, you can get 101.19 IND for 1 PEN.
How do I calculate or convert IND to PEN?
You can use our IND to PEN calculator at the top of this page to convert any amount of IND to PEN. We've also included quick-reference tables for the most popular conversions. For example, 5 PEN is equivalent to 505.95 IND, while 5 IND will cost around 0.04941PEN.
What is the highest price of IND/PEN in history?
The all-time high price of 1 IND in PEN is S/.2.08. It remains to be seen if the value of 1 IND/PEN will exceed the current all-time high.
What is the price trend of Indorse Token in PEN?
Over the past 7 days, the exchange rate of Indorse Token (IND) has gone down by 0.00%.   Over the last month, the exchange rate of Indorse Token (IND) has gone down by 0.00% against Peruvian Sol (PEN).

What factors influence the conversion rate of IND to PEN?

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