This Wednesday morning, the average selling price of the U.S. dollar has climbed to 357 CUP, as reported by the independent outlet elToque. This marks a two-peso increase compared to the dollar's value since March 29. The median values for buying and selling over the last few hours place the average sale of the dollar at 3598 CUP, suggesting that the U.S. currency may continue its upward trend in the coming hours.
In contrast, the euro remains unchanged today, holding steady at 360 CUP, while the Freely Convertible Currency (MLC) is priced at 275 CUP. As of 9:50 a.m. on April 2, 2025, in Cuba, the exchange rates according to elToque are as follows: the dollar (USD) is at 357 CUP, the euro (EUR) at 360 CUP, and the MLC at 275 CUP.
Here are the current equivalences for each available bill of euros and U.S. dollars to Cuban pesos (CUP):
U.S. Dollar (USD) to Cuban Peso (CUP) based on today's exchange rates:
- 1 USD = 357 CUP
- 5 USD = 1,785 CUP
- 10 USD = 3,570 CUP
- 20 USD = 7,140 CUP
- 50 USD = 17,850 CUP
- 100 USD = 35,700 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
Cubans closely monitor the informal exchange rates of the dollar, euro, and MLC as these rates significantly impact their real purchasing power within an economy plagued by scarcity and inflation. The erratic nature of currency exchange rates in Cuba compels many island residents to keep a vigilant eye on the informal market, seeking strategies to safeguard their purchasing power against the devaluation of the national currency.
Understanding Currency Fluctuations in Cuba
Why is the U.S. dollar increasing in value in Cuba?
The rise in the U.S. dollar's value in Cuba can be attributed to supply and demand dynamics in the informal market, along with economic instability and inflation within the country.
How do changes in exchange rates affect Cubans?
Fluctuations in exchange rates directly affect Cubans' purchasing power, as they influence the cost of goods and services, impacting everyday living expenses.
What is the role of the informal market in Cuba's economy?
The informal market plays a crucial role in Cuba's economy by providing alternative avenues for currency exchange, often reflecting more accurate market conditions than official rates.