Convert Cuban Peso to Australian Dollar
Please provide values below to convert Cuban Peso [CUP] to Australian Dollar [AUD], or Convert Australian Dollar to Cuban Peso.
How to Convert Cuban Peso to Australian Dollar
1 CUP = 15.6944807742611 AUD
Example: convert 15 CUP to AUD:
15 CUP = 15 × 15.6944807742611 AUD = 235.417211613916 AUD
Cuban Peso to Australian Dollar Conversion Table
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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.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.