Historic South African rand Cuban peso

South African rand cuban peso history for February 2024. The highest quote for this month is 1.2805 (01/02/2024) and the lowest 1.2908 (01/02/2024). The difference between high and low is -0.8.

ZAR CUP average rate for February 2024 is 1.26384, the change between 01/02/2024 and 29/02/2024 is +3.35 %.

01 February 20241 ZAR = 1.286 CUP
02 February 20241 ZAR = 1.291 CUP
03 February 20241 ZAR = 1.270 CUP
04 February 20241 ZAR = 1.271 CUP
05 February 20241 ZAR = 1.281 CUP
06 February 20241 ZAR = 1.260 CUP
07 February 20241 ZAR = 1.275 CUP
08 February 20241 ZAR = 1.269 CUP
09 February 20241 ZAR = 1.265 CUP
10 February 20241 ZAR = 1.262 CUP
11 February 20241 ZAR = 1.260 CUP
12 February 20241 ZAR = 1.262 CUP
13 February 20241 ZAR = 1.268 CUP
14 February 20241 ZAR = 1.257 CUP
15 February 20241 ZAR = 1.260 CUP
16 February 20241 ZAR = 1.265 CUP
17 February 20241 ZAR = 1.274 CUP
18 February 20241 ZAR = 1.274 CUP
19 February 20241 ZAR = 1.274 CUP
20 February 20241 ZAR = 1.266 CUP
21 February 20241 ZAR = 1.268 CUP
22 February 20241 ZAR = 1.269 CUP
23 February 20241 ZAR = 1.252 CUP
24 February 20241 ZAR = 1.245 CUP
25 February 20241 ZAR = 1.243 CUP
26 February 20241 ZAR = 1.241 CUP
27 February 20241 ZAR = 1.248 CUP
28 February 20241 ZAR = 1.257 CUP
29 February 20241 ZAR = 1.243 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
ZAR CUP August 2023
ZAR CUP September 2023
ZAR CUP October 2023
ZAR CUP November 2023
ZAR CUP December 2023
ZAR CUP January 2024
ZAR CUP February 2024
ZAR CUP March 2024
ZAR CUP April 2024
ZAR CUP May 2024
ZAR CUP June 2024
ZAR CUP July 2024