The cause remains unclear and elToque has not commented on it yet, but the exchange rates on the streets of Cuba continue to show signs of stability. This is seen as a positive by some and less so by others. For the third consecutive day this Thursday, following a brief increase that lasted just one day, the U.S. dollar is valued at 320 pesos in Cuba's informal market. This price, except for one day, has been maintained since August 3rd.
Those who were optimistic about the rise to 322 CUP that the U.S. dollar registered on Monday—which broke a 52-day streak at 320 CUP—were left disappointed when the temporary increase did not set a new trend. The Euro and the Freely Convertible Currency (MLC) also remain unchanged this September 26th. The European currency is valued at 330, and the virtual currency used by the Cuban government stands at 270, a rate the MLC has held since September 14th. However, today's median values reveal some movements.
Exchange Rates as of September 26, 2024 - 7:55 a.m. in Cuba
Exchange rate of the U.S. Dollar (USD) to CUP according to elToque: 320 CUP.
Exchange rate of the Euro (EUR) to CUP according to elToque: 330 CUP.
Exchange rate of the MLC to CUP according to elToque: 270 CUP.
Currency Equivalents in Cuban Pesos
U.S. Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of September 26:
1 USD = 320 CUP.
5 USD = 1,600 CUP.
10 USD = 3,200 CUP.
20 USD = 6,400 CUP.
50 USD = 16,000 CUP.
100 USD = 32,000 CUP.
Euros (EUR):
1 EUR: 330 CUP.
5 EUR = 1,650 CUP.
10 EUR = 3,300 CUP.
20 EUR = 6,600 CUP.
50 EUR = 16,500 CUP.
100 EUR = 33,000 CUP.
200 EUR = 66,000 CUP.
500 EUR = 165,000 CUP.
Despite the apparent stability in the informal currency market over the past two months, prices remain high for the population and are indicative of Cuba's ongoing economic crisis. Inflation and the lack of foreign currency continue to affect the purchasing power of Cuban citizens.
The recent price stability contrasts sharply with the significant fluctuations experienced during the first seven months of 2024, characterized by abrupt spikes and drops in currency values.