Convert New Zealand Dollar to Cuban Peso
Please provide values below to convert New Zealand Dollar [NZD] to Cuban Peso [CUP], or Convert Cuban Peso to New Zealand Dollar.
How to Convert New Zealand Dollar to Cuban Peso
1 NZD = 0.0695416666666667 CUP
Example: convert 15 NZD to CUP:
15 NZD = 15 × 0.0695416666666667 CUP = 1.043125 CUP
New Zealand Dollar to Cuban Peso Conversion Table
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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.
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.