Danish Krone to Cuban convertible peso

The Danish krone (international symbol: kr, code: DKK ,number: 208) is the official currency of Denmark effective since 1873.The crone is subdivided into 100 era coins. The banknotes issued since 1945 are still in circulation.

The Danish currency is pegged to the euro at a fixed exchange rate of 7.4 krones for 1 euro, which is supposed to be preserved until the country joins the Eurozone. The Danish currency is used for cash payments and non-cash transfers in Greenland. It is also in circulation on the Faroe Islands, at the exchange rate for local crowns of 1: 1.

The Cuban convertible peso (sign $, code CUC) is one of the two currencies used in Cuba. 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 has first been 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.