Cuban Peso

The Cuban Peso remained unchanged at 1 in April from 1 in March of 2014. Cuban Peso averaged 3.87 from 1994 until 2014, reaching an all time high of 23 in May of 1997 and a record low of 0.92 in January of 2001. The USDCUC spot exchange rate specifies how much one currency is currently worth in terms of the other. While the USDCUC spot exchange rate is quoted and exchanged in the same day, the USDCUC forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Cuban Peso - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.00 1.00 23.00 0.92 1.00 | 2014/04 1994 - 2014 Daily

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Cuban Peso
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Markets Last Previous Highest Lowest Forecast Unit
Currency 1.00 2014-04-17 1.00 23.00 0.92 1.00 2014-04-30 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Cuba Inflation Rate at 5.50 Percent  
The inflation rate in Cuba was recorded at 5.50 percent in 2012. Inflation Rate in Cuba is reported by the Rabobank.
Cuba Sales Tax Rate | VAT at 20.00 Percent  
The Sales Tax Rate in Cuba stands at 20 percent. Sales Tax Rate in Cuba is reported by the Minister of Finance and Prices.
Cuba Government Debt To GDP at 21.10 Percent  
Cuba recorded a Government Debt to GDP of 21.10 percent of the country's Gross Domestic Product in 2010. Government Debt To GDP in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Government Budget at -3.60 Percent of GDP  
Cuba recorded a Government Budget deficit equal to 3.60 percent of the country's Gross Domestic Product in 2012. Government Budget in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Current Account at 330.00 CUC Million  
Cuba recorded a Current Account surplus of 330 CUC Million in 2011. Current Account in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Balance of Trade at -7969.00 CUC Million  
Cuba recorded a trade deficit of 7969 CUC Million in 2012. Balance of Trade in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Imports at 13869.00 CUC Million  
Imports in Cuba decreased to 13869 CUC Million in 2012 from 14022.90 CUC Million in 2011. Imports in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Exports at 5900.00 CUC Million  
Exports in Cuba decreased to 5900 CUC Million in 2012 from 6340.40 CUC Million in 2011. Exports in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Retail Sales YoY at 7.50 Percent  
Retail Sales in Cuba increased 7.50 percent in 2012 over the previous year. Retail Sales YoY in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Interest Rate at 2.25 Percent  
The benchmark interest rate in Cuba was last recorded at 2.25 percent. Interest Rate in Cuba is reported by the Central Bank of Cuba.
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