The black market for currency exchange in Cuba has remained relatively stable in recent days, with the U.S. dollar (USD) and the euro (EUR) showing no significant fluctuations. The USD holds steady at 320 CUP, and the EUR at 330 CUP, solidifying their positions in the informal market.
However, the freely convertible currency (MLC), which had been fixed at 275 CUP for several weeks, experienced a slight drop yesterday, settling at 270 CUP—a value that remains stable today.
Current Exchange Rates as of 09/15/2024 - 5:56 am in Cuba
Exchange rate of the USD to CUP according to elTOQUE: 320 CUP
Exchange rate of the EUR to CUP according to elTOQUE: 330 CUP
Exchange rate of the MLC to CUP according to elTOQUE: 270 CUP
Available Bills and Their Equivalent in Cuban Pesos (CUP)
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
The fluctuation of the MLC reflects its typical high volatility, while the stable behavior of the dollar and euro serves as a key reference for those engaged in currency trading in Cuba.
FAQs on Cuba's Black Market Currency Exchange
Here are some frequently asked questions and answers regarding the current status of the black market currency exchange in Cuba.
What is the current exchange rate of the USD in Cuba's black market?
The current exchange rate of the USD in Cuba's black market is 320 CUP.
How much is 100 euros worth in Cuban pesos (CUP)?
100 euros is equivalent to 33,000 CUP in the black market.
Why did the MLC exchange rate drop?
The MLC exchange rate dropped due to its high volatility, which is a common characteristic.