Convert Chinese Yuan (Offshore) to Cuban Peso
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Cuban Peso [CUP], or Convert Cuban Peso to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Cuban Peso
1 CNH = 0.298813291666667 CUP
Example: convert 15 CNH to CUP:
15 CNH = 15 × 0.298813291666667 CUP = 4.482199375 CUP
Chinese Yuan (Offshore) to Cuban Peso Conversion Table
| Chinese Yuan (Offshore) | Cuban Peso |
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Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.
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.