On October 7, 2024, the exchange rates in Cuba's informal market continue to exhibit significant fluctuations among major currencies. According to the latest data from elTOQUE, the US dollar (USD) is trading at 322 Cuban pesos (CUP), remaining one of the most sought-after currencies in the informal transactions. Meanwhile, the euro (EUR), which has been gaining ground, is valued at 335 CUP, highlighting the high volatility of the European currency in the Caribbean nation. Lastly, the freely convertible currency (MLC), primarily used for purchases in Cuban stores dealing in foreign currency, stands at 270 CUP.
Economic Strain Reflected in Exchange Rates
These figures underscore the ongoing pressures in the Cuban exchange market, where currency values fluctuate daily due to the scarcity of foreign funds and rising demand. The exchange rates in the black market significantly surpass the official quotations, mirroring the island's economic turmoil.
Exchange Rates as of 10/07/2024 - 6:12 AM in Cuba
Current Exchange Rate for USD to CUP according to elTOQUE: 322 CUP
Current Exchange Rate for EUR to CUP according to elTOQUE: 335 CUP
Current Exchange Rate for MLC to CUP according to elTOQUE: 270 CUP
Currency Denominations and Their Cuban Peso Equivalents
US Dollar (USD)
1 USD = 322 CUP
5 USD = 1,610 CUP
10 USD = 3,220 CUP
20 USD = 6,440 CUP
50 USD = 16,100 CUP
100 USD = 32,200 CUP
Euro (EUR)
1 EUR = 335 CUP
5 EUR = 1,675 CUP
10 EUR = 3,350 CUP
20 EUR = 6,700 CUP
50 EUR = 16,750 CUP
100 EUR = 33,500 CUP