Historic South African rand Cuban peso

South African rand cuban peso history for December 2023. The highest quote for this month is 1.3128 (30/12/2023) and the lowest 1.3363 (25/12/2023). The difference between high and low is -1.79.

ZAR CUP average rate for December 2023 is 1.29205, the change between 01/12/2023 and 31/12/2023 is -3.16 %.

01 December 20231 ZAR = 1.273 CUP
02 December 20231 ZAR = 1.288 CUP
03 December 20231 ZAR = 1.288 CUP
04 December 20231 ZAR = 1.291 CUP
05 December 20231 ZAR = 1.276 CUP
06 December 20231 ZAR = 1.265 CUP
07 December 20231 ZAR = 1.266 CUP
08 December 20231 ZAR = 1.276 CUP
10 December 20231 ZAR = 1.265 CUP
11 December 20231 ZAR = 1.270 CUP
12 December 20231 ZAR = 1.258 CUP
13 December 20231 ZAR = 1.267 CUP
14 December 20231 ZAR = 1.285 CUP
15 December 20231 ZAR = 1.309 CUP
16 December 20231 ZAR = 1.308 CUP
17 December 20231 ZAR = 1.308 CUP
18 December 20231 ZAR = 1.318 CUP
19 December 20231 ZAR = 1.290 CUP
20 December 20231 ZAR = 1.307 CUP
21 December 20231 ZAR = 1.313 CUP
22 December 20231 ZAR = 1.320 CUP
23 December 20231 ZAR = 1.301 CUP
24 December 20231 ZAR = 1.301 CUP
25 December 20231 ZAR = 1.300 CUP
26 December 20231 ZAR = 1.301 CUP
27 December 20231 ZAR = 1.288 CUP
28 December 20231 ZAR = 1.307 CUP
29 December 20231 ZAR = 1.298 CUP
30 December 20231 ZAR = 1.313 CUP
31 December 20231 ZAR = 1.313 CUP

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).

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

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.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.
ZAR CUP July 2023
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