Historic Australian dollar Cuban peso

Australian dollar cuban peso history for October 2023. The highest quote for this month is 15.436 (01/10/2023) and the lowest 15.463 (02/10/2023). The difference between high and low is -0.17.

AUD CUP average rate for October 2023 is 15.23476, the change between 01/10/2023 and 31/10/2023 is +1.18 %.

01 October 20231 AUD = 15.44 CUP
02 October 20231 AUD = 15.46 CUP
03 October 20231 AUD = 15.26 CUP
04 October 20231 AUD = 15.13 CUP
05 October 20231 AUD = 15.16 CUP
06 October 20231 AUD = 15.23 CUP
07 October 20231 AUD = 15.33 CUP
08 October 20231 AUD = 15.33 CUP
09 October 20231 AUD = 15.21 CUP
10 October 20231 AUD = 15.39 CUP
11 October 20231 AUD = 15.43 CUP
12 October 20231 AUD = 15.39 CUP
13 October 20231 AUD = 15.14 CUP
16 October 20231 AUD = 15.14 CUP
17 October 20231 AUD = 15.20 CUP
18 October 20231 AUD = 15.23 CUP
19 October 20231 AUD = 15.18 CUP
20 October 20231 AUD = 15.16 CUP
21 October 20231 AUD = 15.16 CUP
22 October 20231 AUD = 15.16 CUP
23 October 20231 AUD = 15.12 CUP
24 October 20231 AUD = 15.18 CUP
25 October 20231 AUD = 15.25 CUP
26 October 20231 AUD = 15.09 CUP
27 October 20231 AUD = 15.19 CUP
28 October 20231 AUD = 15.21 CUP
29 October 20231 AUD = 15.21 CUP
30 October 20231 AUD = 15.16 CUP
31 October 20231 AUD = 15.26 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).

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

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.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

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.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

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.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

01/01/1961: Nationalization of Banks

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