For the second consecutive day, the euro stands out as the only one among the three primary reference currencies in Cuba's informal market to experience fluctuations. This Tuesday, the euro saw a slight decrease in its average selling value, dropping from 345 to 342.5 CUP. Meanwhile, both the U.S. dollar and the Freely Convertible Currency (MLC) remain at their constant values, unchanged over the past few days: 325 for the dollar and 340 for the virtual currency used by the Cuban government in certain designated stores.
Currency Outlook and Current Exchange Rates
The median values reported by the independent outlet elTOQUE suggest that the European currency might undergo further changes in the coming hours. As of 8:52 a.m. on October 29, 2024, in Cuba, the exchange rates are as follows:
USD to CUP according to elTOQUE: 325 CUP. EUR to CUP according to elTOQUE: 342.5 CUP. MLC to CUP according to elTOQUE: 265 CUP.
Breakdown of Currency Equivalents in Cuban Pesos
Here’s how each denomination of euros and U.S. dollars converts to Cuban pesos (CUP) based on the exchange rates for October 29:
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): 1 EUR = 342.5 CUP 5 EUR = 1,712.5 CUP 10 EUR = 3,425 CUP 20 EUR = 6,850 CUP 50 EUR = 17,125 CUP 100 EUR = 34,250 CUP 200 EUR = 68,500 CUP 500 EUR = 171,250 CUP