Convert South Korean Won to Cuban Peso
Please provide values below to convert South Korean Won [KRW] to Cuban Peso [CUP], or Convert Cuban Peso to South Korean Won.
How to Convert South Korean Won to Cuban Peso
1 KRW = 57.6071333333333 CUP
Example: convert 15 KRW to CUP:
15 KRW = 15 × 57.6071333333333 CUP = 864.107 CUP
South Korean Won to Cuban Peso Conversion Table
| South Korean Won | Cuban 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 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.