Convert Thai Baht to Peruvian Nuevo Sol
Please provide values below to convert Thai Baht [THB] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Thai Baht.
How to Convert Thai Baht to Peruvian Nuevo Sol
1 THB = 9.05433285549653 PEN
Example: convert 15 THB to PEN:
15 THB = 15 × 9.05433285549653 PEN = 135.814992832448 PEN
Thai Baht to Peruvian Nuevo Sol Conversion Table
| Thai Baht | Peruvian Nuevo Sol |
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Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.
Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.