Historic Cuban peso Colombian Peso

Cuban peso colombian peso history for January 2024. The highest quote for this month is 165.95 (17/01/2024) and the lowest 164.65 (17/01/2024). The difference between high and low is 0.78.

CUP COP average rate for January 2024 is 162.95481, the change between 01/01/2024 and 31/01/2024 is -2.38 %.

01 January 20241 CUP = 159.7 COP
02 January 20241 CUP = 161.5 COP
03 January 20241 CUP = 162.1 COP
04 January 20241 CUP = 162.7 COP
05 January 20241 CUP = 163.8 COP
06 January 20241 CUP = 161.9 COP
07 January 20241 CUP = 161.9 COP
08 January 20241 CUP = 162.1 COP
09 January 20241 CUP = 162.1 COP
10 January 20241 CUP = 164.3 COP
11 January 20241 CUP = 164.2 COP
12 January 20241 CUP = 163.4 COP
14 January 20241 CUP = 163.1 COP
15 January 20241 CUP = 161.6 COP
16 January 20241 CUP = 163.2 COP
17 January 20241 CUP = 164.5 COP
18 January 20241 CUP = 165.1 COP
19 January 20241 CUP = 163.5 COP
22 January 20241 CUP = 161.6 COP
23 January 20241 CUP = 162.8 COP
24 January 20241 CUP = 165.1 COP
25 January 20241 CUP = 163.3 COP
26 January 20241 CUP = 164.2 COP
28 January 20241 CUP = 162.6 COP
29 January 20241 CUP = 162.3 COP
30 January 20241 CUP = 163.9 COP
31 January 20241 CUP = 163.5 COP

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.
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