Convert Cuban Peso to Paraguayan Guarani
Please provide values below to convert Cuban Peso [CUP] to Paraguayan Guarani [PYG], or Convert Paraguayan Guarani to Cuban Peso.
How to Convert Cuban Peso to Paraguayan Guarani
1 CUP = 0.00311198069648747 PYG
Example: convert 15 CUP to PYG:
15 CUP = 15 × 0.00311198069648747 PYG = 0.0466797104473121 PYG
Cuban Peso to Paraguayan Guarani Conversion Table
| Cuban Peso | Paraguayan Guarani |
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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.
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.