Convert Saint Helena Pound to Cuban Peso
Please provide values below to convert Saint Helena Pound [SHP] to Cuban Peso [CUP], or Convert Cuban Peso to Saint Helena Pound.
How to Convert Saint Helena Pound to Cuban Peso
1 SHP = 0.0308458333333333 CUP
Example: convert 15 SHP to CUP:
15 SHP = 15 × 0.0308458333333333 CUP = 0.4626875 CUP
Saint Helena Pound to Cuban Peso Conversion Table
Saint Helena Pound | Cuban Peso |
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.