Convert Saint Helena Pound to Cuban Convertible Peso
Please provide values below to convert Saint Helena Pound [SHP] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Saint Helena Pound.
How to Convert Saint Helena Pound to Cuban Convertible Peso
1 SHP = 0.7403 CUC
Example: convert 15 SHP to CUC:
15 SHP = 15 × 0.7403 CUC = 11.1045 CUC
Saint Helena Pound to Cuban Convertible Peso Conversion Table
| Saint Helena Pound | Cuban Convertible Peso |
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.