Cuban peso united states dollar exchange rate history (CUP USD) October 2023

Cuban peso united states dollar history for October 2023. The highest quote for this month is 0.041771 (17/10/2023) and the lowest 0.042033 (24/10/2023). The difference between high and low is -0.63.

CUP USD average rate for October 2023 is 0.04172, the change between 01/10/2023 and 31/10/2023 is -0.19 %.

01 October 2023	1 CUP = 0.0417 USD
03 October 2023	1 CUP = 0.0417 USD
04 October 2023	1 CUP = 0.0417 USD
06 October 2023	1 CUP = 0.0418 USD
07 October 2023	1 CUP = 0.0417 USD
08 October 2023	1 CUP = 0.0417 USD
09 October 2023	1 CUP = 0.0419 USD
10 October 2023	1 CUP = 0.0417 USD
11 October 2023	1 CUP = 0.0417 USD
13 October 2023	1 CUP = 0.0417 USD
16 October 2023	1 CUP = 0.0417 USD
17 October 2023	1 CUP = 0.0417 USD
18 October 2023	1 CUP = 0.0418 USD
19 October 2023	1 CUP = 0.0417 USD
20 October 2023	1 CUP = 0.0417 USD
21 October 2023	1 CUP = 0.0417 USD
22 October 2023	1 CUP = 0.0417 USD
23 October 2023	1 CUP = 0.0418 USD
24 October 2023	1 CUP = 0.0417 USD
25 October 2023	1 CUP = 0.0417 USD
26 October 2023	1 CUP = 0.0417 USD
27 October 2023	1 CUP = 0.0417 USD
28 October 2023	1 CUP = 0.0417 USD
29 October 2023	1 CUP = 0.0417 USD
30 October 2023	1 CUP = 0.0418 USD
31 October 2023	1 CUP = 0.0417 USD

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).

20/12/2013: 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.

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.

01/01/1961: Nationalization of Banks

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