Historic Cuban peso South African rand

Cuban peso south african rand history for January 2024. The highest quote for this month is 0.80121 (22/01/2024) and the lowest 0.79329 (22/01/2024). The difference between high and low is 0.99.

CUP ZAR average rate for January 2024 is 0.78186, the change between 01/01/2024 and 31/01/2024 is -3 %.

01 January 20241 CUP = 0.7606 ZAR
02 January 20241 CUP = 0.7612 ZAR
03 January 20241 CUP = 0.7738 ZAR
04 January 20241 CUP = 0.7797 ZAR
05 January 20241 CUP = 0.7796 ZAR
06 January 20241 CUP = 0.7781 ZAR
07 January 20241 CUP = 0.7781 ZAR
08 January 20241 CUP = 0.7810 ZAR
09 January 20241 CUP = 0.7748 ZAR
10 January 20241 CUP = 0.7778 ZAR
11 January 20241 CUP = 0.7773 ZAR
12 January 20241 CUP = 0.7777 ZAR
13 January 20241 CUP = 0.7752 ZAR
14 January 20241 CUP = 0.7752 ZAR
15 January 20241 CUP = 0.7773 ZAR
16 January 20241 CUP = 0.7787 ZAR
17 January 20241 CUP = 0.7897 ZAR
18 January 20241 CUP = 0.7959 ZAR
19 January 20241 CUP = 0.7893 ZAR
20 January 20241 CUP = 0.7920 ZAR
21 January 20241 CUP = 0.7921 ZAR
22 January 20241 CUP = 0.7936 ZAR
23 January 20241 CUP = 0.8009 ZAR
24 January 20241 CUP = 0.7893 ZAR
25 January 20241 CUP = 0.7877 ZAR
26 January 20241 CUP = 0.7872 ZAR
27 January 20241 CUP = 0.7824 ZAR
28 January 20241 CUP = 0.7825 ZAR
29 January 20241 CUP = 0.7817 ZAR
30 January 20241 CUP = 0.7838 ZAR
31 January 20241 CUP = 0.7835 ZAR

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).

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

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.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.
CUP ZAR January 2024
CUP ZAR February 2024
CUP ZAR March 2024
CUP ZAR April 2024
CUP ZAR May 2024
CUP ZAR June 2024
CUP ZAR July 2024
CUP ZAR August 2024
CUP ZAR September 2024
CUP ZAR October 2024
CUP ZAR November 2024
CUP ZAR December 2024
CUP ZAR January 2025