The black market exchange rates for dollars, euros, and MLC in Cuba remain unchanged as of April 1. According to the daily report from the independent outlet elToque, which tracks the fluctuations of these key currencies on the island, there has been stability for the third consecutive day.
The current rate for the dollar is 355 CUP, the euro stands at 360 CUP, and the Freely Convertible Currency (MLC) is valued at 275 CUP. As of 8:45 a.m. on April 1, 2025, in Cuba, the exchange rates according to elToque are as follows:
- USD to CUP: 355 CUP
- EUR to CUP: 360 CUP
- MLC to CUP: 275 CUP
The following are the equivalent values of available euro and U.S. dollar bills in Cuban pesos (CUP) based on the exchange rates for April 1:
- U.S. Dollar (USD) to Cuban Peso (CUP):
- 1 USD = 355 CUP
- 5 USD = 1,775 CUP
- 10 USD = 3,550 CUP
- 20 USD = 7,100 CUP
- 50 USD = 17,750 CUP
- 100 USD = 35,500 CUP
- Euros (EUR):
- 1 EUR = 360 CUP
- 5 EUR = 1,800 CUP
- 10 EUR = 3,600 CUP
- 20 EUR = 7,200 CUP
- 50 EUR = 18,000 CUP
- 100 EUR = 36,000 CUP
- 200 EUR = 72,000 CUP
- 500 EUR = 180,000 CUP
For Cubans, closely monitoring the unofficial exchange rates for the dollar, euro, and MLC is crucial, as these rates directly impact their purchasing power in an economy plagued by shortages and inflation.
The unpredictable nature of currency exchange rates in Cuba compels many residents to keep a vigilant eye on the informal market. They seek strategies to safeguard their financial stability against the ongoing devaluation of the national currency.
Understanding Cuba's Black Market Exchange Rates
Why are informal exchange rates important in Cuba?
Informal exchange rates are crucial because they determine the real purchasing power of Cubans in an economy affected by inflation and scarcity. The official rates do not reflect the actual market conditions.
How often do exchange rates fluctuate in Cuba's black market?
Exchange rates in Cuba's black market can be quite volatile, changing frequently due to economic instability and external factors influencing supply and demand.