Convert Cuban Peso to Macanese Pataca
Please provide values below to convert Cuban Peso [CUP] to Macanese Pataca [MOP], or Convert Macanese Pataca to Cuban Peso.
How to Convert Cuban Peso to Macanese Pataca
1 CUP = 2.96823983377857 MOP
Example: convert 15 CUP to MOP:
15 CUP = 15 × 2.96823983377857 MOP = 44.5235975066785 MOP
Cuban Peso to Macanese Pataca Conversion Table
| Cuban Peso | Macanese Pataca |
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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.
Macanese Pataca
The Macanese Pataca (MOP) is the official currency of Macau, used for everyday transactions and financial dealings within the region.
History/Origin
Introduced in 1999, the Pataca replaced the Macau pataca, and has since been pegged to the Hong Kong dollar at a fixed rate, reflecting Macau's economic ties with Hong Kong and China.
Current Use
The Pataca remains the primary currency in Macau, widely used for commerce, banking, and tourism-related transactions.