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SQR to PEN Converter and calculator

SQR/PEN: 1 SQR = 0.02867 PEN. The price of converting 1 Magic Square (SQR) to Peruvian Sol (PEN) is 0.02867 PEN today.
SQR
SQR
PEN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides SQR to PEN real-time exchange rates, making it easy to convert Magic Square (SQR) to Peruvian Sol (PEN). The conversion result is based on real-time data. The conversion result shows that 1 SQR is currently valued at 0.03 PEN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 SQR is currently valued at 0.03 PEN, which means buying 5 SQR would cost 0.14 PEN. Similarly, S/.1 PEN can be converted to 34.88 SQR, and S/.50 PEN can be converted to 174.41 SQR, excluding any platform or gas fees.

Convert SQR to PEN

Convert PEN to SQR

Magic Square
Peruvian Sol
10000 SQR
286.69  PEN
In the table above, you'll find a comprehensive SQR to PEN converter that shows the value of Magic Square in Peruvian Sol across commonly used conversion amounts. The list covers conversions from 1 SQR to PEN, all the way up to 10000 SQR, providing a clear view of their respective values.
Peruvian Sol
Magic Square
5000 PEN
174,406.06 SQR
10000 PEN
348,812.11 SQR
50000 PEN
1,744,060.56 SQR
100000 PEN
3,488,121.12 SQR
In the table above, you'll find a comprehensive PEN to SQR converter that shows the value of Peruvian Sol in Magic Square across commonly used conversion amounts. The list covers conversions from 1 PEN to SQR, all the way up to 100000 PEN, providing a clear view of their respective values.

SQR to PEN chart

SQR/PEN: 1 SQR = 0.02867 PEN; 2025/04/28 11:26:06
In the past 1D, Magic Square has changed -0.84% to PEN. Based on the trend and price charts, Magic Square(SQR) has changed -0.84% to PEN while Peruvian Sol(PEN) has changed % to SQR in the last 24 hours.
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SQR to PEN conversion data: Volatility and price changes of Magic Square in PEN

The highest Magic Square price in PEN over the past 7 days was 0.03078 PEN while the lowest Magic Square price in PEN over the past 7 days was 0.02453 PEN. The relative change between the highs and lows in Magic Square price in PEN over the last 7 days indicates a volatility of %. You can view additional volatility data and SQR 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
0.02928 PEN
0.03078 PEN
0.03884 PEN
0.07748 PEN
Low
0.02832 PEN
0.02453 PEN
0.02360 PEN
0.02360 PEN
Average
0 PEN
0 PEN
0 PEN
0 PEN
Volatility
%
%
%
%
Change
-0.84%
+16.09%
-14.58%
-61.89%

Magic Square information

SQR to PEN market statistics

SQR/PEN:
S/.0.02867
SQR 24h volume:
S/.216,108.05
SQR market cap:
S/.5,875,542.83
SQR circulating supply:
204.95M SQR

Current SQR to PEN exchange rate

Magic Square to Peruvian Sol is rising this week.
Magic Square's current market price is S/.0.02867 per SQR, with a total market cap of S/.5,875,542.83 PEN based on a circulating supply of 204,946,060 SQR. The trading volume of Magic Square has changed by -5.48% (S/.-12,520.86 PEN) in the last 24 hours. Last trading day, SQR's trading volume was S/.228,628.91.

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

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How to convert SQR to PEN

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SQR to PEN Conversion tables

The exchange rate of Magic Square is decreasing.
The exchange rate of 1 SQR to Peruvian Sol has changed by +16.09% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.84%, reaching a high of 0.02928 PEN and a low of 0.02832 PEN . One month ago, the value of 1 SQR was S/.0.03356 PEN , which represents a -14.58% change from its current value. Over the last year, Magic Square has changed by
-S/.
1.47PEN
, resulting in a change of -98.09% in its value.
24 hours ago1 month ago1 year ago
Amount11:26 am today24 hours ago24h change
0.5 SQRS/.0.01433S/.0.01446
-0.84%
1 SQRS/.0.02867S/.0.02891
-0.84%
5 SQRS/.0.1433S/.0.1446
-0.84%
10 SQRS/.0.2867S/.0.2891
-0.84%
50 SQRS/.1.43S/.1.45
-0.84%
100 SQRS/.2.87S/.2.89
-0.84%
500 SQRS/.14.33S/.14.46
-0.84%
1000 SQRS/.28.67S/.28.91
-0.84%

SQR to PEN FAQ

How much is 1 Magic Square in PEN?
Right now, the price of 1 Magic Square (SQR) in Peruvian Sol (PEN) is S/.0.02867.
How much SQR can I buy for 1 PEN?
Based on the current exchange rate, you can get 34.88 SQR for 1 PEN.
How do I calculate or convert SQR to PEN?
You can use our SQR to PEN calculator at the top of this page to convert any amount of SQR to PEN. We've also included quick-reference tables for the most popular conversions. For example, 5 PEN is equivalent to 174.41 SQR, while 5 SQR will cost around 0.1433PEN.
What is the highest price of SQR/PEN in history?
The all-time high price of 1 SQR in PEN is S/.2.87. It remains to be seen if the value of 1 SQR/PEN will exceed the current all-time high.
What is the price trend of Magic Square in PEN?
Over the past 7 days, the exchange rate of Magic Square (SQR) has gone up by 16.09%.   Over the last month, the exchange rate of Magic Square (SQR) has gone down by 14.58% against Peruvian Sol (PEN).

What factors influence the conversion rate of SQR to PEN?

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