Convert Malaysian Ringgit to Peruvian Nuevo Sol
Please provide values below to convert Malaysian Ringgit [MYR] to Peruvian Nuevo Sol [PEN], or Convert Peruvian Nuevo Sol to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Peruvian Nuevo Sol
1 MYR = 1.18936391488883 PEN
Example: convert 15 MYR to PEN:
15 MYR = 15 × 1.18936391488883 PEN = 17.8404587233325 PEN
Malaysian Ringgit to Peruvian Nuevo Sol Conversion Table
| Malaysian Ringgit | Peruvian Nuevo Sol |
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.