Convert Swiss Franc to Cuban Peso
Please provide values below to convert Swiss Franc [CHF] to Cuban Peso [CUP], or Convert Cuban Peso to Swiss Franc.
How to Convert Swiss Franc to Cuban Peso
1 CHF = 0.0331208333333333 CUP
Example: convert 15 CHF to CUP:
15 CHF = 15 × 0.0331208333333333 CUP = 0.4968125 CUP
Swiss Franc to Cuban Peso Conversion Table
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Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency globally.
Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.