Convert Macanese Pataca to Cuban Peso
Please provide values below to convert Macanese Pataca [MOP] to Cuban Peso [CUP], or Convert Cuban Peso to Macanese Pataca.
How to Convert Macanese Pataca to Cuban Peso
1 MOP = 0.3369 CUP
Example: convert 15 MOP to CUP:
15 MOP = 15 × 0.3369 CUP = 5.0535 CUP
Macanese Pataca to Cuban Peso Conversion Table
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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 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.