The black market for currencies in Cuba experienced an unexpected drop in the price of the Freely Convertible Currency (MLC). This electronic currency, created by the regime, is trading at 270 CUP this Saturday, five pesos less than the previous day.
The U.S. dollar (USD) remains stable at 320 CUP, as does the euro (EUR), which continues to hold its value at 330 CUP. Despite the surprising fluctuation of the MLC, which was also observed last Tuesday, these exchange rates have shown some stability over the past two months.
Current Exchange Rates as of 09/14/2024 - 7:50 AM in Cuba:
Exchange rate for the U.S. Dollar (USD) to CUP according to elTOQUE: 320 CUP
Exchange rate for the Euro (EUR) to CUP according to elTOQUE: 330 CUP
Exchange rate for the MLC to CUP according to elTOQUE: 270 CUP
List of Available Bills and Their Equivalents in Cuban Pesos:
U.S. Dollars (USD):
- 1 USD = 320 CUP
- 5 USD = 1,600 CUP
- 10 USD = 3,200 CUP
- 20 USD = 6,400 CUP
- 50 USD = 16,000 CUP
- 100 USD = 32,000 CUP
Euros (EUR):
- 5 EUR = 1,650 CUP
- 10 EUR = 3,300 CUP
- 20 EUR = 6,600 CUP
- 50 EUR = 16,500 CUP
- 100 EUR = 33,000 CUP
FAQs on Currency Exchange Rates in Cuba
Given the recent changes and ongoing fluctuations in the currency exchange rates in Cuba, here are some frequently asked questions and their answers to help you stay informed.
Why did the price of the MLC drop in the black market?
The price of the MLC dropped due to market dynamics and possibly reduced demand or increased supply. The specific reasons can vary and are often influenced by economic policies and market sentiment.
Are the exchange rates for USD and EUR expected to change soon?
While the USD and EUR have shown stability recently, exchange rates can change based on economic conditions and regulatory measures. It's advisable to keep an eye on updates from reliable sources.
How reliable are the exchange rates provided by elTOQUE?
ElTOQUE is considered a reliable source for exchange rates in Cuba, but it's always good to cross-check with other trusted sources to ensure accuracy.