Convert Mexican Peso to Cuban Peso
Please provide values below to convert Mexican Peso [MXN] to Cuban Peso [CUP], or Convert Cuban Peso to Mexican Peso.
How to Convert Mexican Peso to Cuban Peso
1 MXN = 0.776841666666667 CUP
Example: convert 15 MXN to CUP:
15 MXN = 15 × 0.776841666666667 CUP = 11.652625 CUP
Mexican Peso to Cuban Peso Conversion Table
| Mexican Peso | Cuban Peso |
|---|
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.
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.