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

Cuban peso south korean won history for October 2023. The highest quote for this month is 56.865 (04/10/2023) and the lowest 56.517 (19/10/2023). The difference between high and low is 0.61.

CUP KRW average rate for October 2023 is 56.29886, the change between 01/10/2023 and 31/10/2023 is +0.09 %.

01 October 2023	1 CUP = 56.33 KRW
02 October 2023	1 CUP = 56.28 KRW
03 October 2023	1 CUP = 56.46 KRW
04 October 2023	1 CUP = 56.68 KRW
05 October 2023	1 CUP = 56.42 KRW
06 October 2023	1 CUP = 56.31 KRW
07 October 2023	1 CUP = 56.03 KRW
09 October 2023	1 CUP = 56.29 KRW
10 October 2023	1 CUP = 56.20 KRW
11 October 2023	1 CUP = 55.95 KRW
12 October 2023	1 CUP = 55.82 KRW
13 October 2023	1 CUP = 56.25 KRW
16 October 2023	1 CUP = 56.38 KRW
17 October 2023	1 CUP = 56.21 KRW
18 October 2023	1 CUP = 56.52 KRW
19 October 2023	1 CUP = 56.51 KRW
20 October 2023	1 CUP = 56.60 KRW
21 October 2023	1 CUP = 56.22 KRW
22 October 2023	1 CUP = 56.22 KRW
23 October 2023	1 CUP = 56.39 KRW
24 October 2023	1 CUP = 55.69 KRW
25 October 2023	1 CUP = 56.05 KRW
26 October 2023	1 CUP = 56.43 KRW
27 October 2023	1 CUP = 56.32 KRW
28 October 2023	1 CUP = 56.46 KRW
29 October 2023	1 CUP = 56.46 KRW
30 October 2023	1 CUP = 56.66 KRW
31 October 2023	1 CUP = 56.28 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