Historic South African rand Cuban peso

South African rand cuban peso history for January 2024. The highest quote for this month is 1.3111 (01/01/2024) and the lowest 1.3159 (01/01/2024). The difference between high and low is -0.37.

ZAR CUP average rate for January 2024 is 1.27915, the change between 01/01/2024 and 31/01/2024 is +2.91 %.

01 January 20241 ZAR = 1.315 CUP
02 January 20241 ZAR = 1.314 CUP
03 January 20241 ZAR = 1.292 CUP
04 January 20241 ZAR = 1.283 CUP
05 January 20241 ZAR = 1.283 CUP
06 January 20241 ZAR = 1.285 CUP
07 January 20241 ZAR = 1.285 CUP
08 January 20241 ZAR = 1.280 CUP
09 January 20241 ZAR = 1.291 CUP
10 January 20241 ZAR = 1.286 CUP
11 January 20241 ZAR = 1.287 CUP
12 January 20241 ZAR = 1.286 CUP
13 January 20241 ZAR = 1.290 CUP
14 January 20241 ZAR = 1.290 CUP
15 January 20241 ZAR = 1.287 CUP
16 January 20241 ZAR = 1.284 CUP
17 January 20241 ZAR = 1.266 CUP
18 January 20241 ZAR = 1.256 CUP
19 January 20241 ZAR = 1.267 CUP
20 January 20241 ZAR = 1.263 CUP
21 January 20241 ZAR = 1.262 CUP
22 January 20241 ZAR = 1.260 CUP
23 January 20241 ZAR = 1.249 CUP
24 January 20241 ZAR = 1.267 CUP
25 January 20241 ZAR = 1.270 CUP
26 January 20241 ZAR = 1.270 CUP
27 January 20241 ZAR = 1.278 CUP
28 January 20241 ZAR = 1.278 CUP
29 January 20241 ZAR = 1.279 CUP
30 January 20241 ZAR = 1.276 CUP
31 January 20241 ZAR = 1.276 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).

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

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.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.
ZAR CUP January 2024
ZAR CUP February 2024
ZAR CUP March 2024
ZAR CUP April 2024
ZAR CUP May 2024
ZAR CUP June 2024
ZAR CUP July 2024
ZAR CUP August 2024
ZAR CUP September 2024
ZAR CUP October 2024
ZAR CUP November 2024
ZAR CUP December 2024
ZAR CUP January 2025