Historic South Korean Won Cuban peso

South Korean Won cuban peso history for December 2023. The highest quote for this month is 0.018549 (02/12/2023) and the lowest 0.019035 (29/12/2023). The difference between high and low is -2.62.

KRW CUP average rate for December 2023 is 0.01846, the change between 01/12/2023 and 31/12/2023 is -1.98 %.

01 December 20231 KRW = 0.0185 CUP
02 December 20231 KRW = 0.0186 CUP
03 December 20231 KRW = 0.0185 CUP
04 December 20231 KRW = 0.0185 CUP
05 December 20231 KRW = 0.0183 CUP
06 December 20231 KRW = 0.0183 CUP
07 December 20231 KRW = 0.0183 CUP
08 December 20231 KRW = 0.0183 CUP
09 December 20231 KRW = 0.0184 CUP
10 December 20231 KRW = 0.0182 CUP
11 December 20231 KRW = 0.0182 CUP
12 December 20231 KRW = 0.0183 CUP
13 December 20231 KRW = 0.0183 CUP
14 December 20231 KRW = 0.0186 CUP
15 December 20231 KRW = 0.0185 CUP
16 December 20231 KRW = 0.0185 CUP
17 December 20231 KRW = 0.0185 CUP
18 December 20231 KRW = 0.0189 CUP
19 December 20231 KRW = 0.0184 CUP
20 December 20231 KRW = 0.0185 CUP
21 December 20231 KRW = 0.0185 CUP
22 December 20231 KRW = 0.0186 CUP
23 December 20231 KRW = 0.0185 CUP
24 December 20231 KRW = 0.0185 CUP
25 December 20231 KRW = 0.0185 CUP
26 December 20231 KRW = 0.0185 CUP
27 December 20231 KRW = 0.0186 CUP
28 December 20231 KRW = 0.0185 CUP
29 December 20231 KRW = 0.0189 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).

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.
KRW CUP July 2023
KRW CUP August 2023
KRW CUP September 2023
KRW CUP October 2023
KRW CUP November 2023
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KRW CUP June 2024
KRW CUP July 2024