Convert Cuban Convertible Peso to Thai Baht
Please provide values below to convert Cuban Convertible Peso [CUC] to Thai Baht [THB], or Convert Thai Baht to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Thai Baht
1 CUC = 0.0310437530655706 THB
Example: convert 15 CUC to THB:
15 CUC = 15 × 0.0310437530655706 THB = 0.465656295983559 THB
Cuban Convertible Peso to Thai Baht 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.
Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.