Convert Macanese Pataca to Cuban Convertible Peso
Please provide values below to convert Macanese Pataca [MOP] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Macanese Pataca.
How to Convert Macanese Pataca to Cuban Convertible Peso
1 MOP = 8.0856 CUC
Example: convert 15 MOP to CUC:
15 MOP = 15 × 8.0856 CUC = 121.284 CUC
Macanese Pataca to Cuban Convertible Peso Conversion Table
| Macanese Pataca | Cuban Convertible Peso |
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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.
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.