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Dollar Rises in Cuban Informal Market

Saturday, October 5, 2024 by Claire Jimenez

The currency exchange rates in Cuba's informal market seem to have re-entered a period of fluctuation, with this Saturday witnessing a couple of notable shifts. The dollar has increased, while the euro has slightly decreased. As of 7:00 a.m. local time on October 5th, the U.S. dollar is being sold on average for 323 Cuban Pesos (CUP), which is three pesos higher than its value on Friday, a level it had maintained for several weeks except for two days.

Meanwhile, the euro has dropped by one peso, bringing it back to a value of 335 pesos. The only currency that remains unchanged is the Freely Convertible Currency (MLC), which continues to be valued at 270 pesos.

Current Exchange Rates

As of 7:35 a.m. on October 5, 2024, in Cuba, the exchange rates are as follows according to elTOQUE:

U.S. Dollar (USD) to Cuban Peso (CUP): 322 CUP

Euro (EUR) to Cuban Peso (CUP): 336 CUP

MLC to Cuban Peso (CUP): 268 CUP

Exchange Equivalencies for Available Currencies

Here are the current equivalencies for each denomination of available euros and U.S. dollars to Cuban pesos (CUP) as of October 5:

U.S. Dollar (USD) to Cuban Peso (CUP):

  • 1 USD = 323 CUP
  • 5 USD = 1,615 CUP
  • 10 USD = 3,230 CUP
  • 20 USD = 6,460 CUP
  • 50 USD = 16,150 CUP
  • 100 USD = 32,300 CUP

Euros (EUR) to Cuban Peso (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

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