Convert Philippine Peso to Cuban Convertible Peso
Please provide values below to convert Philippine Peso [PHP] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Philippine Peso.
How to Convert Philippine Peso to Cuban Convertible Peso
1 PHP = 56.9423 CUC
Example: convert 15 PHP to CUC:
15 PHP = 15 × 56.9423 CUC = 854.1345 CUC
Philippine Peso to Cuban Convertible Peso Conversion Table
| Philippine Peso | Cuban Convertible Peso |
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Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.
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.