Mexican Peso to Cuban Peso

The Mexican peso (symbol: $, code: MXN, number: 484 ) is the currency of Mexico. It is divided into 100 centavos. The name "peso" was first used to denote Mexican money in 1863.

During the denomination of 1993 the old pesos were exchanged for new ones at a rate of 1000:1. The currency is accepted in the country on the par with the US dollar. To avoid any confusion, the symbol of the national currency is written as an S with one vertical trait, whilst the US dollar - with two. Symbol “ $” happened to be first used to denote the peso and not the USD.

The Cuban peso (sign $MN, code CUP) is the national currency of Cuba used along with the convertible peso. One peso can be exchanged for 100 small coins – centavos. The currency has first been 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 only leave CUP.