Convert Cuban Convertible Peso to Cayman Islands Dollar
Please provide values below to convert Cuban Convertible Peso [CUC] to Cayman Islands Dollar [KYD], or Convert Cayman Islands Dollar to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Cayman Islands Dollar
1 CUC = 1.20004800192008 KYD
Example: convert 15 CUC to KYD:
15 CUC = 15 × 1.20004800192008 KYD = 18.0007200288012 KYD
Cuban Convertible Peso to Cayman Islands Dollar Conversion Table
| Cuban Convertible Peso | Cayman Islands Dollar |
|---|
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.
Cayman Islands Dollar
The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, used for all monetary transactions within the territory.
History/Origin
Introduced in 1972, the Cayman Islands Dollar replaced the Jamaican dollar at par, establishing a stable local currency for the financial sector and tourism industry.
Current Use
The KYD is widely used in the Cayman Islands for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate of 1 KYD = 1.20 USD.