Convert Cuban Convertible Peso to Canadian Dollar
Please provide values below to convert Cuban Convertible Peso [CUC] to Canadian Dollar [CAD], or Convert Canadian Dollar to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Canadian Dollar
1 CUC = 0.73394495412844 CAD
Example: convert 15 CUC to CAD:
15 CUC = 15 × 0.73394495412844 CAD = 11.0091743119266 CAD
Cuban Convertible Peso to Canadian Dollar Conversion Table
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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.
Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.