Convert Cuban Peso to New Zealand Dollar
Please provide values below to convert Cuban Peso [CUP] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Cuban Peso.
How to Convert Cuban Peso to New Zealand Dollar
1 CUP = 14.3798681845416 NZD
Example: convert 15 CUP to NZD:
15 CUP = 15 × 14.3798681845416 NZD = 215.698022768125 NZD
Cuban Peso to New Zealand Dollar Conversion Table
| Cuban Peso | New Zealand Dollar |
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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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.