In recent hours, the Freely Convertible Currency (MLC) has dropped from 270 to 265 Cuban Pesos (CUP) in Cuba's informal market. This marks a decrease of five pesos in just a day. The virtual currency continues its downward trend after a February surge. The MLC has now experienced several consecutive days of declining value.
Meanwhile, the U.S. dollar and euro have shown signs of stability. After hinting at potential increases in recent days within the informal market, both currencies remain unchanged today. The U.S. dollar holds steady at 360 CUP, while the European currency remains at 365 CUP.
Exchange rates as of April 7, 2025 - 11:07 a.m. in Cuba are as follows according to elTOQUE: the U.S. dollar to CUP is 360, the euro to CUP is 365, and the MLC to CUP is 265.
Currency Conversion Rates
For those looking to convert their cash, here are the current equivalencies:
U.S. Dollar (USD) to Cuban Peso (CUP):
- 1 USD = 360 CUP
- 5 USD = 1,800 CUP
- 10 USD = 3,600 CUP
- 20 USD = 7,200 CUP
- 50 USD = 18,000 CUP
- 100 USD = 36,000 CUP
Euros (EUR) to Cuban Peso (CUP):
- 1 EUR = 365 CUP
- 5 EUR = 1,825 CUP
- 10 EUR = 3,650 CUP
- 20 EUR = 7,300 CUP
- 50 EUR = 18,250 CUP
- 100 EUR = 36,500 CUP
- 200 EUR = 73,000 CUP
- 500 EUR = 182,500 CUP
Cubans closely monitor the informal exchange rates for the dollar, euro, and MLC, as these rates significantly impact their purchasing power in an economy characterized by scarcity and inflation. The unpredictable nature of the exchange rates in Cuba drives many island residents to watch the informal market trends, seeking ways to safeguard their financial stability against the national currency's depreciation.
Understanding Cuba's Informal Currency Market
Why is the MLC decreasing in value?
The MLC's value is influenced by various factors, including government policies, market demand, and economic conditions. Recent trends show a consistent decline due to these dynamic influences.
How does the informal market affect daily life in Cuba?
The informal market plays a crucial role in determining the real purchasing power of Cubans. Since official rates do not always reflect market realities, many rely on informal exchanges for accurate currency valuation.