Mexican Peso to Cuban Peso — exchange rate

Country of Circulation: Mexico

Currency Code, Symbol: MXN, $

Denominations of coins in circulation: 50¢, $1, $2, $5, $10, $20

Denominations of banknotes in circulation: $20, $50, $100, $200, $500

History: The Mexican peso (symbol: $, code: MXN, number: 484 ) is the official currency of Mexico. Its notes and coins are not used in other countries. A widespread international name for the currency used on the exchange market and in exchange offices is MXN.Mexican peso can be subdivided into centavos. Every MXN has 100 centavos. The currency first appeared in 1993 and replaced the Mexican reals. Up until 1999 the currency had been called the new Mexican peso. As soon as this currency appeared, it became a catalyzer for a large-scale financial crisis. Real had gone through inflation before, but the consequences of the 1992 crisis become fatal for the old monetary unit.Read More

Country of Circulation: Cuba

Currency Code, Symbol: CUP, ₱

Denominations of coins in circulation: 20¢, $1, $3, $5

Denominations of banknotes in circulation: $1, $3, $5, $10, $20, $50, $100, $200, $500

History: The Cuban peso ($MN) is the national currency of Cuba used along with the convertible peso. Traditional abbreviation is CUP. One peso can be exchanged for 100 small coins – centavos.The currency was issued in 1857. Before that, the country used the Spanish real for payment. In tourism, the country still uses another currency, which is the convertible Cuban peso. However, recently it has become possible to pay with American dollars in shops and hotels. The government is planning to completely remove the convertible currency and to leave CUP only.Read More