Colombian Peso cuban peso exchange rate history (COP CUP) October 2023

Colombian Peso cuban peso history for October 2023. The highest quote for this month is 0.00589 (01/10/2023) and the lowest 0.00594 (30/10/2023). The difference between high and low is -0.85.

COP CUP average rate for October 2023 is 0.0057, the change between 01/10/2023 and 31/10/2023 is -0.17 %.

01 October 2023	1 COP = 0.0059 CUP
02 October 2023	1 COP = 0.0059 CUP
03 October 2023	1 COP = 0.0058 CUP
04 October 2023	1 COP = 0.0057 CUP
05 October 2023	1 COP = 0.0056 CUP
06 October 2023	1 COP = 0.0055 CUP
07 October 2023	1 COP = 0.0056 CUP
09 October 2023	1 COP = 0.0055 CUP
10 October 2023	1 COP = 0.0056 CUP
11 October 2023	1 COP = 0.0057 CUP
12 October 2023	1 COP = 0.0057 CUP
13 October 2023	1 COP = 0.0056 CUP
16 October 2023	1 COP = 0.0057 CUP
17 October 2023	1 COP = 0.0057 CUP
18 October 2023	1 COP = 0.0057 CUP
19 October 2023	1 COP = 0.0056 CUP
20 October 2023	1 COP = 0.0056 CUP
21 October 2023	1 COP = 0.0057 CUP
22 October 2023	1 COP = 0.0057 CUP
23 October 2023	1 COP = 0.0057 CUP
24 October 2023	1 COP = 0.0057 CUP
25 October 2023	1 COP = 0.0057 CUP
26 October 2023	1 COP = 0.0057 CUP
27 October 2023	1 COP = 0.0058 CUP
28 October 2023	1 COP = 0.0059 CUP
29 October 2023	1 COP = 0.0059 CUP
30 October 2023	1 COP = 0.0059 CUP
31 October 2023	1 COP = 0.0059 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).

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

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.

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

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.

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to high inflation.

01/01/1961: Nationalization of Banks

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

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.

Historic Colombian Peso Cuban peso