Historic Guatemalan quetzal Cuban peso

Guatemalan quetzal cuban peso history for November 2023. The highest quote for this month is 3.1449 (22/11/2023) and the lowest 3.1386 (10/11/2023). The difference between high and low is 0.2.

GTQ CUP average rate for November 2023 is 3.12464, the change between 01/11/2023 and 30/11/2023 is -0.11 %.

01 November 20231 GTQ = 3.133 CUP
02 November 20231 GTQ = 3.134 CUP
03 November 20231 GTQ = 3.135 CUP
06 November 20231 GTQ = 3.133 CUP
07 November 20231 GTQ = 3.132 CUP
08 November 20231 GTQ = 3.137 CUP
09 November 20231 GTQ = 3.137 CUP
10 November 20231 GTQ = 3.138 CUP
12 November 20231 GTQ = 3.067 CUP
13 November 20231 GTQ = 3.139 CUP
14 November 20231 GTQ = 3.137 CUP
15 November 20231 GTQ = 3.138 CUP
16 November 20231 GTQ = 3.138 CUP
17 November 20231 GTQ = 3.136 CUP
18 November 20231 GTQ = 3.066 CUP
19 November 20231 GTQ = 3.066 CUP
20 November 20231 GTQ = 3.135 CUP
21 November 20231 GTQ = 3.133 CUP
22 November 20231 GTQ = 3.135 CUP
23 November 20231 GTQ = 3.136 CUP
24 November 20231 GTQ = 3.135 CUP
26 November 20231 GTQ = 3.066 CUP
27 November 20231 GTQ = 3.133 CUP
28 November 20231 GTQ = 3.133 CUP
29 November 20231 GTQ = 3.134 CUP
30 November 20231 GTQ = 3.136 CUP

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).

14/09/2020: Centenary of the Quetzal

The Guatemalan Quetzal celebrated its centenary, marking 100 years as the national currency of Guatemala.

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.

30/05/2011: New banknotes

New banknotes were introduced to incorporate modern security features and commemorate the 20th anniversary of Quetzal's reintroduction.

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.

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.

09/02/1987: Quetzal devaluation

The Quetzal was devalued by 66% as part of an economic stabilization plan.

13/09/1967: Decree Law 17-67

Decree Law 17-67 was enacted, establishing a fixed exchange rate between the Quetzal and the US dollar.

01/01/1961: Nationalization of Banks

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

08/04/1951: Monetary Reform

Guatemala underwent a monetary reform, with the introduction of the Quetzal as the sole currency.

25/06/1946: The Quetzalé bill

The Quetzalé bill, equivalent to 1,000 Quetzales, was introduced to combat hyperinflation.

22/06/1925: Introduction of the Quetzal

The Guatemalan Quetzal was introduced as the official currency, replacing the Guatemalan peso.