Historic Cuban peso Guatemalan quetzal

Cuban peso guatemalan quetzal history for March 2024. The highest quote for this month is 0.32574 (03/03/2024) and the lowest 0.32574 (03/03/2024). The difference between high and low is 0.

CUP GTQ average rate for March 2024 is 0.3203, the change between 01/03/2024 and 31/03/2024 is -2.31 %.

01 March 20241 CUP = 0.3179 GTQ
03 March 20241 CUP = 0.3257 GTQ
04 March 20241 CUP = 0.3181 GTQ
05 March 20241 CUP = 0.3182 GTQ
06 March 20241 CUP = 0.3181 GTQ
07 March 20241 CUP = 0.3181 GTQ
08 March 20241 CUP = 0.3181 GTQ
10 March 20241 CUP = 0.3254 GTQ
11 March 20241 CUP = 0.3182 GTQ
12 March 20241 CUP = 0.3252 GTQ

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).

14/09/2020: Centenary of the Quetzal

The Guatemalan Quetzal celebrated its centenary, marking 100 years as the national currency of Guatemala.

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.

30/05/2011: New banknotes

New banknotes were introduced to incorporate modern security features and commemorate the 20th anniversary of Quetzal's reintroduction.

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.

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.

09/02/1987: Quetzal devaluation

The Quetzal was devalued by 66% as part of an economic stabilization plan.

13/09/1967: Decree Law 17-67

Decree Law 17-67 was enacted, establishing a fixed exchange rate between the Quetzal and the US dollar.

01/01/1961: Nationalization of Banks

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

08/04/1951: Monetary Reform

Guatemala underwent a monetary reform, with the introduction of the Quetzal as the sole currency.

25/06/1946: The Quetzalé bill

The Quetzalé bill, equivalent to 1,000 Quetzales, was introduced to combat hyperinflation.

22/06/1925: Introduction of the Quetzal

The Guatemalan Quetzal was introduced as the official currency, replacing the Guatemalan peso.