Cuban peso colombian peso exchange rate history (CUP COP) August 2023

Cuban peso colombian peso history for August 2023. The highest quote for this month is 173.14 (04/08/2023) and the lowest 172.01 (04/08/2023). The difference between high and low is 0.65.

CUP COP average rate for August 2023 is 169.4476, the change between 01/08/2023 and 31/08/2023 is -4.87 %.

01 August 2023	1 CUP = 162.8 COP
02 August 2023	1 CUP = 165.5 COP
03 August 2023	1 CUP = 168.4 COP
04 August 2023	1 CUP = 171.8 COP
07 August 2023	1 CUP = 171.7 COP
08 August 2023	1 CUP = 168.1 COP
09 August 2023	1 CUP = 169.0 COP
10 August 2023	1 CUP = 169.0 COP
11 August 2023	1 CUP = 166.3 COP
12 August 2023	1 CUP = 165.5 COP
14 August 2023	1 CUP = 164.7 COP
15 August 2023	1 CUP = 168.4 COP
16 August 2023	1 CUP = 170.8 COP
17 August 2023	1 CUP = 171.9 COP
18 August 2023	1 CUP = 170.8 COP
20 August 2023	1 CUP = 171.5 COP
21 August 2023	1 CUP = 172.2 COP
22 August 2023	1 CUP = 169.5 COP
23 August 2023	1 CUP = 171.5 COP
24 August 2023	1 CUP = 170.7 COP
25 August 2023	1 CUP = 170.2 COP
28 August 2023	1 CUP = 171.8 COP
29 August 2023	1 CUP = 171.9 COP
30 August 2023	1 CUP = 171.4 COP
31 August 2023	1 CUP = 170.8 COP

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to high inflation.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.

Historic Cuban peso Colombian Peso