Convert Hong Kong Dollar to Cuban Peso
Please provide values below to convert Hong Kong Dollar [HKD] to Cuban Peso [CUP], or Convert Cuban Peso to Hong Kong Dollar.
How to Convert Hong Kong Dollar to Cuban Peso
1 HKD = 0.327075 CUP
Example: convert 15 HKD to CUP:
15 HKD = 15 × 0.327075 CUP = 4.906125 CUP
Hong Kong Dollar to Cuban Peso Conversion Table
| Hong Kong Dollar | Cuban Peso |
|---|
Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.
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.