Convert Philippine Peso to Cuban Peso
Please provide values below to convert Philippine Peso [PHP] to Cuban Peso [CUP], or Convert Cuban Peso to Philippine Peso.
How to Convert Philippine Peso to Cuban Peso
1 PHP = 2.37259583333333 CUP
Example: convert 15 PHP to CUP:
15 PHP = 15 × 2.37259583333333 CUP = 35.5889375 CUP
Philippine Peso to Cuban Peso Conversion Table
| Philippine Peso | Cuban Peso |
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Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets 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.