Euro to Cuban convertible peso — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Cuba

Currency Code, Symbol: CUC, CUC$

Denominations of coins in circulation: 5¢, 10¢, 25¢, 50¢, $1

Denominations of banknotes in circulation: $1, $3, $5, $10, $20, $50, $100

History: 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.Read More