As dawn broke this Friday, shifts were observed in two of the three key reference currencies in Cuba's informal market. For the second consecutive day, the euro's price has risen, while the value of the Freely Convertible Currency (MLC) has fallen. As of 8:00 a.m. local time, the average selling price of the euro reached 370 CUP, marking an increase of three pesos compared to the previous day.
Conversely, the virtual MLC saw a decline, dropping to 260 CUP, a decrease of two units from Thursday, as reported by the independent outlet elToque in its daily update documenting currency fluctuations in Cuba. The dollar, however, remains unchanged, standing firm at 360 CUP.
The median buying and selling values of the three currencies over the past 24 hours have shown some variations. Here's a snapshot of today's exchange rates as of 8:27 a.m. on April 11, 2025, in Cuba:
Exchange Rates Today
Dollar (USD) to CUP according to elTOQUE: 360 CUP.
Euro (EUR) to CUP according to elTOQUE: 370 CUP.
MLC to CUP according to elTOQUE: 260 CUP.
Currency Equivalents
U.S. Dollar (USD) to Cuban Peso (CUP), based on today's exchange rates:
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) Conversion
1 EUR = 370 CUP.
5 EUR = 1,850 CUP.
10 EUR = 3,700 CUP.
20 EUR = 7,400 CUP.
50 EUR = 18,500 CUP.
100 EUR = 37,000 CUP.
200 EUR = 74,000 CUP.
500 EUR = 185,000 CUP.
Cubans are intently monitoring the informal exchange rates of the dollar, euro, and MLC, as these determine their actual purchasing power in an economy plagued by scarcity and inflation. The unpredictable nature of currency rates in Cuba leads many island residents to closely track the informal market's trends, seeking strategies to safeguard their buying power against the depreciation of the national currency.
Understanding Currency Fluctuations in Cuba
Why are Cubans focused on informal exchange rates?
Cubans watch informal exchange rates closely because they directly affect their purchasing power in a market characterized by scarcity and high inflation.
How has the euro's value changed recently in Cuba?
Recently, the euro has increased in value, reaching 370 CUP, which is a three-peso rise compared to the previous day.
What is the current exchange rate for the MLC in Cuba?
The current exchange rate for the Freely Convertible Currency (MLC) is 260 CUP, marking a decrease of two units from the previous day.