Convert New Taiwan Dollar to Cuban Convertible Peso
Please provide values below to convert New Taiwan Dollar [TWD] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Cuban Convertible Peso
1 TWD = 29.365 CUC
Example: convert 15 TWD to CUC:
15 TWD = 15 × 29.365 CUC = 440.475 CUC
New Taiwan Dollar to Cuban Convertible Peso Conversion Table
| New Taiwan Dollar | Cuban Convertible Peso |
|---|
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.