Convert Nicaraguan Cordoba to Peruvian Sol
Convert Nicaraguan Cordoba (NIO) to Peruvian Sol (PEN) using daily updated exchange rates.
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Exchange Rate
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About Nicaraguan Cordoba
The Nicaraguan Cordoba (NIO) is the official currency of Nicaragua, named after Francisco Hernandez de Cordoba, the Spanish conquistador who founded several of Nicaragua's major colonial cities. The current gold cordoba was introduced in 1991 following a period of hyperinflation under the Nicaraguan Revolution government, replacing the old cordoba at a rate of 5 million to 1. The Banco Central de Nicaragua manages monetary policy with a crawling peg exchange rate that depreciates against the US Dollar at a controlled rate of approximately 3% per year.
About Peruvian Sol
The Peruvian Sol (PEN) - formally the "nuevo sol" (new sun) - was introduced in 1991 as part of a sweeping economic stabilisation programme that ended hyperinflation, which had reached 7,000% annually under the previous inti currency. The name "sol" is the Spanish word for "sun" and reflects the ancient Inca sun deity Inti. The Banco Central de Reserva del Peru manages monetary policy with a managed float. Peru is one of South America's strongest economies and the world's second largest copper producer, as well as a major producer of gold, zinc, and silver.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).