The value of the U.S. dollar (USD) has surged once again in Cuba's informal market, now reaching 310 Cuban pesos (CUP) per dollar. This increase marks a rise of five pesos compared to the previous day, further cementing the dollar as one of the most sought-after currencies on the island for both informal trade and personal transactions.
Meanwhile, the euro (EUR) is currently valued at 315 CUP, maintaining a steady trend compared to past days. The European currency remains a strong choice, especially for transactions related to imports and travel.
As for the Freely Convertible Currency (MLC), its current rate stands at 250 CUP, showing slight stability in recent days. These figures highlight the complex dynamics of the currency exchange market in Cuba, where foreign currencies continue to be crucial amid challenging economic conditions.
Today's exchange rates in Cuba, Friday, January 3, 2025 - 06:33:
USD to CUP according to elTOQUE: 310 CUP
EUR to CUP according to elTOQUE: 315 CUP
MLC to CUP according to elTOQUE: 250 CUP
Currency Conversion for Dollars and Euros
Dollars (USD):
$1 = 310 CUP
$5 = 1,550 CUP
$10 = 3,100 CUP
$20 = 6,200 CUP
$50 = 15,500 CUP
$100 = 31,000 CUP
Euros (EUR):
€1 = 315 CUP
€5 = 1,575 CUP
€10 = 3,150 CUP
€20 = 6,300 CUP
€50 = 15,750 CUP
€100 = 31,500 CUP
Understanding Cuba's Currency Exchange Market
Why is the U.S. dollar so sought after in Cuba?
The U.S. dollar is highly demanded in Cuba due to its stability and acceptance in both formal and informal transactions, serving as a hedge against local currency devaluation.
What influences the euro's stability in Cuba?
The euro’s stability in Cuba is influenced by its role in import-related transactions and travel, making it a reliable choice for those engaged in these activities.