Peru, officially known as Republic of Peru is a country in South America. Peru has an upper middle income economy. Peru is one of the world’s fastest growing economy. Peruvians expats sent over $ 2.72 billion to Peru in year 2015 from United States, South America, Europe, Japan, Australia and Canada.
Currency of Peru is known as Peruvian Sol or Peruvian Nuevo Sol (PEN) but it also accepts remittances in US Dollar (USD). Therefore, while sending money to Peru, one must compare the money transfer services available for both the currency options.
You can quickly explore and compare money transfer services to send remittances to Peru on ExchangeRateIQ. This unified platform will help you get the best value for your money transfer by helping you find the best remittance provider in terms of exchange rate, fees, transfer time. You can even check reviews and ongoing offers of money transfer services. This will surely save you time and money for money transfer to Peru. <
Current Exchange Rate(Mid Market) :- 3.318 PEN/USD
is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.