Convert Swiss Franc to Cuban Convertible Peso
Please provide values below to convert Swiss Franc [CHF] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Swiss Franc.
How to Convert Swiss Franc to Cuban Convertible Peso
1 CHF = 0.7949 CUC
Example: convert 15 CHF to CUC:
15 CHF = 15 × 0.7949 CUC = 11.9235 CUC
Swiss Franc to Cuban Convertible Peso Conversion Table
| Swiss Franc | Cuban Convertible Peso |
|---|
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 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.