Convert Euro to Cuban Peso
Please provide values below to convert Euro [EUR] to Cuban Peso [CUP], or Convert Cuban Peso to Euro.
How to Convert Euro to Cuban Peso
1 EUR = 0.0355291666666667 CUP
Example: convert 15 EUR to CUP:
15 EUR = 15 × 0.0355291666666667 CUP = 0.5329375 CUP
Euro to Cuban Peso Conversion Table
| Euro | Cuban Peso |
|---|
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.
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.