PEN

DEFINITION of 'PEN'

In currencies, this is the abbreviation for the Peruvian Nuevo Sol.

BREAKING DOWN 'PEN'

The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.

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    Foreign exchange, or Forex, is the conversion of one country's currency into that of another. In a free economy, a country's ... Read Answer >>
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