Cuban peso new zealand dollar exchange rate history (CUP NZD) October 2023

Cuban peso new zealand dollar history for October 2023. The highest quote for this month is 0.072149 (26/10/2023) and the lowest 0.071633 (28/10/2023). The difference between high and low is 0.72.

CUP NZD average rate for October 2023 is 0.07068, the change between 01/10/2023 and 31/10/2023 is -2.91 %.

01 October 2023	1 CUP = 0.0695 NZD
02 October 2023	1 CUP = 0.0694 NZD
03 October 2023	1 CUP = 0.0702 NZD
04 October 2023	1 CUP = 0.0705 NZD
05 October 2023	1 CUP = 0.0706 NZD
06 October 2023	1 CUP = 0.0701 NZD
07 October 2023	1 CUP = 0.0695 NZD
08 October 2023	1 CUP = 0.0695 NZD
09 October 2023	1 CUP = 0.0702 NZD
10 October 2023	1 CUP = 0.0692 NZD
11 October 2023	1 CUP = 0.0690 NZD
12 October 2023	1 CUP = 0.0693 NZD
13 October 2023	1 CUP = 0.0704 NZD
16 October 2023	1 CUP = 0.0706 NZD
17 October 2023	1 CUP = 0.0707 NZD
18 October 2023	1 CUP = 0.0709 NZD
19 October 2023	1 CUP = 0.0713 NZD
20 October 2023	1 CUP = 0.0714 NZD
21 October 2023	1 CUP = 0.0715 NZD
22 October 2023	1 CUP = 0.0715 NZD
23 October 2023	1 CUP = 0.0717 NZD
24 October 2023	1 CUP = 0.0713 NZD
25 October 2023	1 CUP = 0.0713 NZD
26 October 2023	1 CUP = 0.0720 NZD
27 October 2023	1 CUP = 0.0716 NZD
28 October 2023	1 CUP = 0.0716 NZD
29 October 2023	1 CUP = 0.0716 NZD
30 October 2023	1 CUP = 0.0720 NZD
31 October 2023	1 CUP = 0.0715 NZD

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).

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

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.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

01/01/1961: Nationalization of Banks

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

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.

Historic Cuban peso New Zealand Dollar