Historic South Korean Won Cuban peso

South Korean Won cuban peso history for February 2024. The highest quote for this month is 0.018098 (05/02/2024) and the lowest 0.018537 (09/02/2024). The difference between high and low is -2.43.

KRW CUP average rate for February 2024 is 0.01801, the change between 01/02/2024 and 29/02/2024 is -0.01 %.

01 February 20241 KRW = 0.0179 CUP
02 February 20241 KRW = 0.0180 CUP
03 February 20241 KRW = 0.0179 CUP
04 February 20241 KRW = 0.0179 CUP
05 February 20241 KRW = 0.0181 CUP
06 February 20241 KRW = 0.0180 CUP
07 February 20241 KRW = 0.0181 CUP
08 February 20241 KRW = 0.0181 CUP
09 February 20241 KRW = 0.0180 CUP
10 February 20241 KRW = 0.0181 CUP
12 February 20241 KRW = 0.0180 CUP
13 February 20241 KRW = 0.0180 CUP
14 February 20241 KRW = 0.0179 CUP
15 February 20241 KRW = 0.0181 CUP
16 February 20241 KRW = 0.0180 CUP
17 February 20241 KRW = 0.0180 CUP
18 February 20241 KRW = 0.0180 CUP
19 February 20241 KRW = 0.0180 CUP
20 February 20241 KRW = 0.0180 CUP
21 February 20241 KRW = 0.0180 CUP
22 February 20241 KRW = 0.0180 CUP
23 February 20241 KRW = 0.0181 CUP
24 February 20241 KRW = 0.0180 CUP
25 February 20241 KRW = 0.0180 CUP
26 February 20241 KRW = 0.0180 CUP
27 February 20241 KRW = 0.0180 CUP
28 February 20241 KRW = 0.0180 CUP
29 February 20241 KRW = 0.0179 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
KRW CUP December 2023
KRW CUP January 2024
KRW CUP February 2024
KRW CUP March 2024
KRW CUP April 2024
KRW CUP May 2024
KRW CUP June 2024
KRW CUP July 2024