Convert South Korean Won to Cuban Convertible Peso
Please provide values below to convert South Korean Won [KRW] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to South Korean Won.
How to Convert South Korean Won to Cuban Convertible Peso
1 KRW = 1382.5712 CUC
Example: convert 15 KRW to CUC:
15 KRW = 15 × 1382.5712 CUC = 20738.568 CUC
South Korean Won to Cuban Convertible Peso Conversion Table
| South Korean Won | Cuban Convertible Peso |
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South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.
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.