Kazakhstani tenge cuban peso exchange rate history (KZT CUP) October 2023

Kazakhstani tenge cuban peso history for October 2023. The highest quote for this month is 0.051227 (31/10/2023) and the lowest 0.051312 (31/10/2023). The difference between high and low is -0.17.

KZT CUP average rate for October 2023 is 0.05054, the change between 01/10/2023 and 31/10/2023 is -1.68 %.

01 October 2023	1 KZT = 0.0503 CUP
02 October 2023	1 KZT = 0.0505 CUP
03 October 2023	1 KZT = 0.0505 CUP
04 October 2023	1 KZT = 0.0506 CUP
05 October 2023	1 KZT = 0.0505 CUP
06 October 2023	1 KZT = 0.0504 CUP
07 October 2023	1 KZT = 0.0503 CUP
09 October 2023	1 KZT = 0.0505 CUP
10 October 2023	1 KZT = 0.0504 CUP
11 October 2023	1 KZT = 0.0505 CUP
12 October 2023	1 KZT = 0.0505 CUP
13 October 2023	1 KZT = 0.0506 CUP
16 October 2023	1 KZT = 0.0506 CUP
17 October 2023	1 KZT = 0.0505 CUP
18 October 2023	1 KZT = 0.0504 CUP
19 October 2023	1 KZT = 0.0503 CUP
20 October 2023	1 KZT = 0.0502 CUP
21 October 2023	1 KZT = 0.0502 CUP
22 October 2023	1 KZT = 0.0502 CUP
23 October 2023	1 KZT = 0.0503 CUP
24 October 2023	1 KZT = 0.0505 CUP
25 October 2023	1 KZT = 0.0506 CUP
26 October 2023	1 KZT = 0.0506 CUP
27 October 2023	1 KZT = 0.0508 CUP
28 October 2023	1 KZT = 0.0510 CUP
29 October 2023	1 KZT = 0.0510 CUP
30 October 2023	1 KZT = 0.0513 CUP
31 October 2023	1 KZT = 0.0511 CUP

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

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).

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.

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.

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.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

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.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.

01/01/1961: Nationalization of Banks

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

Historic Kazakhstani tenge Cuban peso