The average selling price of foreign currencies in Cuba's informal market has held steady over recent days. As of now, the rates for the dollar, euro, and Freely Convertible Currency (MLC) have shown no significant change in either direction. Neither the recent impact of Hurricane Rafael in western Cuba nor the latest collapse of the National Electric System (SEN) has triggered any movement in currency values.
These major events, which have disrupted access to electricity and communication, may have contributed to the lack of response in the currency market amid Cuba's ongoing daily challenges. It's important to note that price fluctuations are tracked by the independent media outlet elTOQUE, based on classified ads for buying and selling the three key currencies on social media.
As of Friday morning, the dollar, euro, and MLC have maintained their values from the past five days. The euro remains at 345 CUP, and the dollar holds at 327 CUP. The MLC stays at 265 CUP. However, the median values reported by elTOQUE indicate a slight increase in the dollar's selling price to 328 CUP, suggesting a potential rise in the informal market value of the U.S. currency in the coming hours.
Current Exchange Rates in Cuba
Exchange rates on November 8, 2024, at 12:35 p.m. in Cuba, according to elTOQUE:
- USD to CUP: 327 CUP
- EUR to CUP: 345 CUP
- MLC to CUP: 265 CUP
Currency Conversion Equivalents
Here are the conversion rates for available denominations of euros and U.S. dollars to Cuban pesos (CUP):
U.S. Dollar (USD) to Cuban Peso (CUP), as per November 8 exchange rates:
- 1 USD = 327 CUP
- 5 USD = 1,635 CUP
- 10 USD = 3,270 CUP
- 20 USD = 6,540 CUP
- 50 USD = 16,350 CUP
- 100 USD = 32,700 CUP
Euro (EUR):
- 1 EUR = 345 CUP
- 5 EUR = 1,725 CUP
- 10 EUR = 3,450 CUP
- 20 EUR = 6,900 CUP
- 50 EUR = 17,250 CUP
- 100 EUR = 34,500 CUP