Historic South Korean Won Cuban peso

South Korean Won cuban peso history for October 2023. The highest quote for this month is 0.017861 (11/10/2023) and the lowest 0.017947 (12/10/2023). The difference between high and low is -0.48.

KRW CUP average rate for October 2023 is 0.01776, the change between 01/10/2023 and 31/10/2023 is -0.09 %.

01 October 20231 KRW = 0.0178 CUP
02 October 20231 KRW = 0.0178 CUP
03 October 20231 KRW = 0.0177 CUP
04 October 20231 KRW = 0.0176 CUP
05 October 20231 KRW = 0.0177 CUP
06 October 20231 KRW = 0.0178 CUP
07 October 20231 KRW = 0.0178 CUP
09 October 20231 KRW = 0.0178 CUP
10 October 20231 KRW = 0.0178 CUP
11 October 20231 KRW = 0.0179 CUP
12 October 20231 KRW = 0.0179 CUP
13 October 20231 KRW = 0.0178 CUP
16 October 20231 KRW = 0.0177 CUP
17 October 20231 KRW = 0.0178 CUP
18 October 20231 KRW = 0.0177 CUP
19 October 20231 KRW = 0.0177 CUP
20 October 20231 KRW = 0.0177 CUP
21 October 20231 KRW = 0.0178 CUP
22 October 20231 KRW = 0.0178 CUP
23 October 20231 KRW = 0.0177 CUP
24 October 20231 KRW = 0.0180 CUP
25 October 20231 KRW = 0.0178 CUP
26 October 20231 KRW = 0.0177 CUP
27 October 20231 KRW = 0.0178 CUP
28 October 20231 KRW = 0.0177 CUP
29 October 20231 KRW = 0.0177 CUP
30 October 20231 KRW = 0.0176 CUP
31 October 20231 KRW = 0.0178 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