Convert Salvadoran Colón to Cuban Peso
Please provide values below to convert Salvadoran Colón [SVC] to Cuban Peso [CUP], or Convert Cuban Peso to Salvadoran Colón.
How to Convert Salvadoran Colón to Cuban Peso
1 SVC = 0.364139791666667 CUP
Example: convert 15 SVC to CUP:
15 SVC = 15 × 0.364139791666667 CUP = 5.462096875 CUP
Salvadoran Colón to Cuban Peso Conversion Table
| Salvadoran Colón | Cuban Peso |
|---|
Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.
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.