Brazilian Real cuban peso exchange rate history (BRL CUP) December 2023

Brazilian Real cuban peso history for December 2023. The highest quote for this month is 4.9597 (29/12/2023) and the lowest 5.0064 (28/12/2023). The difference between high and low is -0.94.

BRL CUP average rate for December 2023 is 4.90131, the change between 01/12/2023 and 31/12/2023 is -1.56 %.

01 December 2023	1 BRL = 4.870 CUP
02 December 2023	1 BRL = 4.927 CUP
03 December 2023	1 BRL = 4.918 CUP
04 December 2023	1 BRL = 4.894 CUP
05 December 2023	1 BRL = 4.852 CUP
06 December 2023	1 BRL = 4.864 CUP
07 December 2023	1 BRL = 4.898 CUP
08 December 2023	1 BRL = 4.886 CUP
09 December 2023	1 BRL = 4.872 CUP
10 December 2023	1 BRL = 4.872 CUP
11 December 2023	1 BRL = 4.907 CUP
12 December 2023	1 BRL = 4.860 CUP
13 December 2023	1 BRL = 4.829 CUP
14 December 2023	1 BRL = 4.875 CUP
15 December 2023	1 BRL = 4.876 CUP
16 December 2023	1 BRL = 4.858 CUP
17 December 2023	1 BRL = 4.858 CUP
18 December 2023	1 BRL = 4.899 CUP
19 December 2023	1 BRL = 4.896 CUP
20 December 2023	1 BRL = 4.922 CUP
21 December 2023	1 BRL = 4.878 CUP
22 December 2023	1 BRL = 4.909 CUP
23 December 2023	1 BRL = 4.947 CUP
24 December 2023	1 BRL = 4.947 CUP
25 December 2023	1 BRL = 4.928 CUP
26 December 2023	1 BRL = 4.928 CUP
27 December 2023	1 BRL = 4.989 CUP
28 December 2023	1 BRL = 4.967 CUP
29 December 2023	1 BRL = 4.968 CUP
31 December 2023	1 BRL = 4.946 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).

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

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.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

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.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

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.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

01/01/1961: Nationalization of Banks

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

Historic Brazilian Real Cuban peso