Cuban peso brazilian real exchange rate history (CUP BRL) October 2023

Cuban peso brazilian real history for October 2023. The highest quote for this month is 0.21751 (06/10/2023) and the lowest 0.21492 (09/10/2023). The difference between high and low is 1.19.

CUP BRL average rate for October 2023 is 0.21091, the change between 01/10/2023 and 31/10/2023 is -0.47 %.

01 October 2023	1 CUP = 0.2097 BRL
02 October 2023	1 CUP = 0.2099 BRL
03 October 2023	1 CUP = 0.2110 BRL
04 October 2023	1 CUP = 0.2154 BRL
05 October 2023	1 CUP = 0.2153 BRL
06 October 2023	1 CUP = 0.2161 BRL
07 October 2023	1 CUP = 0.2144 BRL
09 October 2023	1 CUP = 0.2156 BRL
10 October 2023	1 CUP = 0.2143 BRL
11 October 2023	1 CUP = 0.2106 BRL
12 October 2023	1 CUP = 0.2106 BRL
13 October 2023	1 CUP = 0.2105 BRL
16 October 2023	1 CUP = 0.2105 BRL
17 October 2023	1 CUP = 0.2101 BRL
18 October 2023	1 CUP = 0.2104 BRL
19 October 2023	1 CUP = 0.2109 BRL
20 October 2023	1 CUP = 0.2113 BRL
21 October 2023	1 CUP = 0.2096 BRL
22 October 2023	1 CUP = 0.2097 BRL
23 October 2023	1 CUP = 0.2103 BRL
24 October 2023	1 CUP = 0.2092 BRL
25 October 2023	1 CUP = 0.2082 BRL
26 October 2023	1 CUP = 0.2084 BRL
27 October 2023	1 CUP = 0.2079 BRL
28 October 2023	1 CUP = 0.2090 BRL
29 October 2023	1 CUP = 0.2089 BRL
30 October 2023	1 CUP = 0.2070 BRL
31 October 2023	1 CUP = 0.2107 BRL

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 Cuban peso Brazilian Real