Convert Cuban Convertible Peso to Mexican Peso
Please provide values below to convert Cuban Convertible Peso [CUC] to Mexican Peso [MXN], or Convert Mexican Peso to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Mexican Peso
1 CUC = 0.053635983308482 MXN
Example: convert 15 CUC to MXN:
15 CUC = 15 × 0.053635983308482 MXN = 0.80453974962723 MXN
Cuban Convertible Peso to Mexican Peso Conversion Table
| Cuban Convertible Peso | Mexican Peso |
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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.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.