Convert Cuban Convertible Peso to New Zealand Dollar
Please provide values below to convert Cuban Convertible Peso [CUC] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to New Zealand Dollar
1 CUC = 0.599161174355902 NZD
Example: convert 15 CUC to NZD:
15 CUC = 15 × 0.599161174355902 NZD = 8.98741761533853 NZD
Cuban Convertible Peso to New Zealand Dollar Conversion Table
| Cuban Convertible Peso | New Zealand Dollar |
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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.
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.