On this Thursday morning, the main foreign currencies in Cuba have remained steady, showing no shifts in their average informal buying and selling rates. This marks the second consecutive day that the independent outlet elTOQUE has reported no changes in its daily update on the subject. Following a slight increase in the price of the dollar on Tuesday, the currencies have held stable for now. The U.S. dollar is currently valued at 328 pesos, the euro at 345 CUP, and the freely convertible currency (MLC) at 265.
Exchange Rates as of November 14, 2024, 11:24 a.m. in Cuba
According to elTOQUE, today’s exchange rates are as follows:
- USD to CUP: 328 CUP
- EUR to CUP: 345 CUP
- MLC to CUP: 265 CUP
The median values published by elTOQUE today do not indicate any significant movements in the rates expected over the coming hours.
Currency Conversion Equivalents
Here are the conversion equivalents for available U.S. dollars and euros to Cuban pesos (CUP), based on today’s exchange rates:
U.S. Dollar (USD) to Cuban Peso (CUP)
- 1 USD = 328 CUP
- 5 USD = 1,640 CUP
- 10 USD = 3,280 CUP
- 20 USD = 6,560 CUP
- 50 USD = 16,400 CUP
- 100 USD = 32,800 CUP
Euro (EUR) to Cuban Peso (CUP)
- 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
The esteemed journal Applied Economics, known for endorsing innovative contributions and practical applications in economics globally, recently acknowledged the methodology used by elTOQUE to calculate exchange rates in Cuba's informal currency market. According to elTOQUE's website, the article "Using AI in the Informal Currency Market: Evidence from Cuba," published in October 2024, elaborates on the innovative application of artificial intelligence and natural language processing (NLP) techniques to determine the Informal Market Representative Rate (IMRR). This recognition has highlighted elTOQUE's efforts, despite ongoing attempts by the Cuban regime to discredit their algorithms and analyses, dismissing them as speculative and not reflective of reality.