Australian Dollar to Cuban convertible peso — exchange rate

The Australian dollar (symbol: $ ,code: AUD, number 036) is the currency of the Commonwealth of Australia. It is used not only on the territory of Australia, but also on the adjacent islands: Cocos Islands, Norfolk, and Christmas Islands. $ is identified as AUD or by the classic dollar sign on the global financial market.

One AUD is 100 cents. It has come into action in 1966, replacing the Australian pound. Since the late 80s, banknotes have been being made from special flexible plastic instead of paper. It makes money last longer in humid Australian climate. Interestingly, all banknotes have the same height, but are different in length. On the notes you can find portraits of historical and political figures, important buildings and objects. Australia also regularly issues commemorative coins worth 50 cents.

The Cuban convertible peso ($) is one of the two currencies used in Cuba. For ease and conversion operations, people use the name CUC. The name has become a reason for an unofficial name of the currency.

It is often called cuc. One peso can be exchanged for 100 centavos. The convertible peso was introduced in Cuba in 1994 to allow for an easier payment process for tourists and diplomats within the country. The introduction of the convertible peso as a second currency has led to an increase in fraud directed at foreign citizens. Since 2013, Cuba has started to gradually decrease the use of this currency, turning to the regular Cuban peso.