Convert Malaysian Ringgit to Cuban Convertible Peso
Please provide values below to convert Malaysian Ringgit [MYR] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Cuban Convertible Peso
1 MYR = 4.2314 CUC
Example: convert 15 MYR to CUC:
15 MYR = 15 × 4.2314 CUC = 63.471 CUC
Malaysian Ringgit to Cuban Convertible Peso Conversion Table
| Malaysian Ringgit | Cuban Convertible Peso |
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.