On the final day of September, the exchange rates for U.S. dollars, euros, and Freely Convertible Currency (MLC) in Cuba remain unchanged compared to the previous day, though the median value for the U.S. dollar shows a slight increase in sales.
As of the morning of Monday, September 30, the dollar is valued at 320 CUP, the euro at 335 CUP, and the MLC at 270 CUP.
Current Exchange Rates in Cuba - September 30, 2024, 7:25 a.m.
According to elTOQUE, the exchange rates are as follows:
USD to CUP: 320 CUP
EUR to CUP: 335 CUP
MLC to CUP: 270 CUP
Throughout September, there have been only three recorded shifts in the informal market for each of these three reference currencies. On September 14, the MLC dropped from 275 to 270 CUP. Subsequently, on September 23, the USD rose from 320 to 322 CUP, only to fall back to 320 CUP the next day, where it has stayed since. The euro experienced an increase on September 27, rising from 330 to 335 CUP, and has remained at that level.
The median values published today by elTOQUE, reflecting the last 24 hours, indicate a slight rise in the sale price of the dollar, now at 323 CUP, while the other two currencies remain stable.
Currency Conversion to Cuban Pesos (CUP)
For the exchange rates on September 30:
USD to CUP:
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
EUR to CUP:
1 EUR = 335 CUP
5 EUR = 1,675 CUP
10 EUR = 3,350 CUP
20 EUR = 6,700 CUP
50 EUR = 16,750 CUP
100 EUR = 33,500 CUP
Despite the relative stability in the informal currency market since early August, the prices of basic goods in Cuba remain high, reflecting the ongoing economic crisis. The country's rampant inflation and shortage of foreign currency continue to erode the purchasing power of its citizens.
The stability observed in recent weeks stands in stark contrast to the dramatic fluctuations seen during the first seven months of 2024, which were marked by sudden spikes and drops in prices.