Convert Cuban Peso to New Taiwan Dollar
Please provide values below to convert Cuban Peso [CUP] to New Taiwan Dollar [TWD], or Convert New Taiwan Dollar to Cuban Peso.
How to Convert Cuban Peso to New Taiwan Dollar
1 CUP = 0.817299506214882 TWD
Example: convert 15 CUP to TWD:
15 CUP = 15 × 0.817299506214882 TWD = 12.2594925932232 TWD
Cuban Peso to New Taiwan Dollar Conversion Table
| Cuban Peso | New Taiwan Dollar |
|---|
Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.
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.