Convert Cuban Convertible Peso to Philippine Peso
Please provide values below to convert Cuban Convertible Peso [CUC] to Philippine Peso [PHP], or Convert Philippine Peso to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Philippine Peso
1 CUC = 0.0175616369553039 PHP
Example: convert 15 CUC to PHP:
15 CUC = 15 × 0.0175616369553039 PHP = 0.263424554329558 PHP
Cuban Convertible Peso to Philippine Peso Conversion Table
| Cuban Convertible Peso | Philippine Peso |
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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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.