Convert Paraguayan Guarani to Cuban Peso
Please provide values below to convert Paraguayan Guarani [PYG] to Cuban Peso [CUP], or Convert Cuban Peso to Paraguayan Guarani.
How to Convert Paraguayan Guarani to Cuban Peso
1 PYG = 321.338754166667 CUP
Example: convert 15 PYG to CUP:
15 PYG = 15 × 321.338754166667 CUP = 4820.0813125 CUP
Paraguayan Guarani to Cuban Peso Conversion Table
| Paraguayan Guarani | Cuban Peso |
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Paraguayan Guarani
The Paraguayan Guarani (PYG) is the official currency of Paraguay, used for all monetary transactions within the country.
History/Origin
The Guarani was introduced in 1943, replacing the peso at a rate of 1 Guarani = 1 peso, and has undergone various redenominations and reforms since then to stabilize the economy.
Current Use
Today, the Guarani remains the national currency of Paraguay, widely used in everyday commerce, banking, and financial transactions across the country.
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.