Historic Cuban peso Swiss franc

Cuban peso swiss franc history for December 2023. The highest quote for this month is 0.036752 (08/12/2023) and the lowest 0.036646 (11/12/2023). The difference between high and low is 0.29.

CUP CHF average rate for December 2023 is 0.03604, the change between 01/12/2023 and 31/12/2023 is +3.93 %.

01 December 20231 CUP = 0.0365 CHF
02 December 20231 CUP = 0.0362 CHF
03 December 20231 CUP = 0.0362 CHF
04 December 20231 CUP = 0.0362 CHF
05 December 20231 CUP = 0.0364 CHF
06 December 20231 CUP = 0.0365 CHF
07 December 20231 CUP = 0.0364 CHF
08 December 20231 CUP = 0.0365 CHF
10 December 20231 CUP = 0.0367 CHF
11 December 20231 CUP = 0.0366 CHF
12 December 20231 CUP = 0.0366 CHF
13 December 20231 CUP = 0.0365 CHF
14 December 20231 CUP = 0.0363 CHF
15 December 20231 CUP = 0.0362 CHF
18 December 20231 CUP = 0.0361 CHF
19 December 20231 CUP = 0.0362 CHF
20 December 20231 CUP = 0.0359 CHF
21 December 20231 CUP = 0.0360 CHF
22 December 20231 CUP = 0.0357 CHF
23 December 20231 CUP = 0.0356 CHF
24 December 20231 CUP = 0.0356 CHF
25 December 20231 CUP = 0.0356 CHF
26 December 20231 CUP = 0.0357 CHF
27 December 20231 CUP = 0.0355 CHF
28 December 20231 CUP = 0.0351 CHF
29 December 20231 CUP = 0.0350 CHF
31 December 20231 CUP = 0.0350 CHF

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).

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

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.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

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.

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

01/01/1961: Nationalization of Banks

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

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.
CUP CHF July 2023
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