As of Wednesday morning, the MLC, a virtual currency operated by the Cuban government in specific stores, has returned to a value of 265 CUP. This follows a brief dip in its value the previous day. Meanwhile, both the dollar and the euro continue to be valued at the same rates they've held for several days now: 325 CUP for the dollar and 340 CUP for the euro, according to the independent media outlet elTOQUE, which tracks currency fluctuations.
In light of an increasingly tense economic climate and a stagnating economy, the minimal activity in the informal market is noteworthy. The Cuban government has extended the suspension of all educational activities and non-essential work until October 27. This decision underscores the ongoing economic challenges faced by the nation.
Current Exchange Rates in Cuba
Exchange rates as of October 24, 2024, at 7:15 a.m. in Cuba, according to elTOQUE:
- USD to CUP: 325 CUP
- EUR to CUP: 340 CUP
- MLC to CUP: 265 CUP
Currency Conversion for USD and EUR
Here are the conversions for available denominations of euros and U.S. dollars to Cuban pesos (CUP) based on the current rates:
U.S. Dollar (USD) to Cuban Peso (CUP):
- 1 USD = 325 CUP
- 5 USD = 1,625 CUP
- 10 USD = 3,250 CUP
- 20 USD = 6,500 CUP
- 50 USD = 16,250 CUP
- 100 USD = 32,500 CUP
Euro (EUR) to Cuban Peso (CUP):
- 1 EUR = 340 CUP
- 5 EUR = 1,700 CUP
- 10 EUR = 3,400 CUP
- 20 EUR = 6,800 CUP
- 50 EUR = 17,000 CUP
- 100 EUR = 34,000 CUP