Cuban peso south korean won exchange rate history (CUP KRW) December 2023

Cuban peso south korean won history for December 2023. The highest quote for this month is 55.292 (07/12/2023) and the lowest 54.873 (11/12/2023). The difference between high and low is 0.76.

CUP KRW average rate for December 2023 is 54.17214, the change between 01/12/2023 and 31/12/2023 is +1.95 %.

01 December 2023	1 CUP = 54.08 KRW
02 December 2023	1 CUP = 53.88 KRW
03 December 2023	1 CUP = 53.91 KRW
04 December 2023	1 CUP = 54.16 KRW
05 December 2023	1 CUP = 54.53 KRW
06 December 2023	1 CUP = 54.79 KRW
07 December 2023	1 CUP = 54.73 KRW
08 December 2023	1 CUP = 54.72 KRW
09 December 2023	1 CUP = 54.45 KRW
10 December 2023	1 CUP = 54.85 KRW
11 December 2023	1 CUP = 54.83 KRW
12 December 2023	1 CUP = 54.75 KRW
13 December 2023	1 CUP = 54.65 KRW
14 December 2023	1 CUP = 53.89 KRW
15 December 2023	1 CUP = 53.91 KRW
16 December 2023	1 CUP = 54.18 KRW
17 December 2023	1 CUP = 54.18 KRW
18 December 2023	1 CUP = 52.96 KRW
19 December 2023	1 CUP = 54.36 KRW
20 December 2023	1 CUP = 54.18 KRW
21 December 2023	1 CUP = 54.10 KRW
22 December 2023	1 CUP = 53.90 KRW
23 December 2023	1 CUP = 54.04 KRW
24 December 2023	1 CUP = 54.05 KRW
25 December 2023	1 CUP = 54.06 KRW
26 December 2023	1 CUP = 53.94 KRW
27 December 2023	1 CUP = 53.88 KRW
28 December 2023	1 CUP = 54.01 KRW
29 December 2023	1 CUP = 53.03 KRW

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).

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.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

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.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

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.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

01/01/1961: Nationalization of Banks

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

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.

Historic Cuban peso South Korean Won