Convert Mexican Peso to Cuban Convertible Peso
Please provide values below to convert Mexican Peso [MXN] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Mexican Peso.
How to Convert Mexican Peso to Cuban Convertible Peso
1 MXN = 18.6442 CUC
Example: convert 15 MXN to CUC:
15 MXN = 15 × 18.6442 CUC = 279.663 CUC
Mexican Peso to Cuban Convertible Peso Conversion Table
| Mexican Peso | Cuban Convertible Peso |
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Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.
Cuban Convertible Peso
The Cuban Convertible Peso (CUC) was a currency used in Cuba, primarily for tourism and foreign transactions, pegged to the US dollar.
History/Origin
Introduced in 1994 to replace the peso convertible, the CUC was used alongside the Cuban peso (CUP). It facilitated foreign trade and tourism. The CUC was phased out starting in 2020 as part of Cuba's monetary unification efforts, with its value being absorbed into the CUP.
Current Use
The CUC is no longer in circulation as of 2021. Cuba has transitioned to a single currency system using the Cuban peso (CUP), and the CUC is considered obsolete.