Historic Cuban peso South Korean Won

Cuban peso south korean won history for January 2024. The highest quote for this month is 56.238 (17/01/2024) and the lowest 55.779 (18/01/2024). The difference between high and low is 0.82.

CUP KRW average rate for January 2024 is 55.12382, the change between 01/01/2024 and 31/01/2024 is -2.77 %.

01 January 20241 CUP = 53.86 KRW
02 January 20241 CUP = 53.81 KRW
03 January 20241 CUP = 54.53 KRW
04 January 20241 CUP = 54.68 KRW
05 January 20241 CUP = 54.70 KRW
06 January 20241 CUP = 54.81 KRW
07 January 20241 CUP = 54.76 KRW
08 January 20241 CUP = 54.93 KRW
09 January 20241 CUP = 54.75 KRW
10 January 20241 CUP = 55.07 KRW
11 January 20241 CUP = 54.96 KRW
12 January 20241 CUP = 54.72 KRW
13 January 20241 CUP = 54.74 KRW
14 January 20241 CUP = 54.72 KRW
15 January 20241 CUP = 54.84 KRW
16 January 20241 CUP = 55.10 KRW
17 January 20241 CUP = 55.73 KRW
18 January 20241 CUP = 56.07 KRW
19 January 20241 CUP = 55.80 KRW
22 January 20241 CUP = 55.66 KRW
23 January 20241 CUP = 55.86 KRW
24 January 20241 CUP = 55.79 KRW
25 January 20241 CUP = 55.49 KRW
26 January 20241 CUP = 55.71 KRW
28 January 20241 CUP = 55.70 KRW
29 January 20241 CUP = 55.71 KRW
30 January 20241 CUP = 55.64 KRW
31 January 20241 CUP = 55.35 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.
CUP KRW July 2023
CUP KRW August 2023
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CUP KRW December 2023
CUP KRW January 2024
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CUP KRW June 2024
CUP KRW July 2024