The entire nation of Cuba came to a standstill following a complete collapse of the national electric grid this past Friday. This incident has inadvertently contributed to the stabilization of key foreign currency exchange rates in the black market, which have remained largely unchanged over the past week.
According to independent media outlet elTOQUE, which monitors fluctuations in the buying and selling of dollars, euros, and Freely Convertible Currency (MLC) on social media, this week has marked a new period of stability. As of Saturday, October 19, at 11 a.m., while Cubans grapple with uncertainty about when their fragile "normalcy" might return, the exchange rate for the dollar remains at 325 CUP, and the euro at 340 CUP.
The Freely Convertible Currency (MLC) is holding at 265 CUP, a rate that has persisted since October 9, following a sudden drop of five pesos. The exchange rates as of October 19, 2024, at 11:11 a.m. in Cuba are as follows:
Exchange Rates on 10/19/2024 - 11:11 a.m. in Cuba:
USD to CUP according to elTOQUE: 325 CUP
EUR to CUP according to elTOQUE: 340 CUP
MLC to CUP according to elTOQUE: 265 CUP
After showing some movement in early October, these currencies have now entered a phase of apparent calm.
Current Value of Dollar and Euro in Cuban Pesos
For each available bill denomination of U.S. dollars and euros, here are the equivalent amounts in Cuban pesos (CUP) based on the exchange rates from October 19:
U.S. Dollar (USD) to Cuban Peso (CUP):
1 USD = 325 CUP
5 USD = 1,625 CUP
10 USD = 3,250 CUP
20 USD = 6,500 CUP
50 USD = 16,250 CUP
100 USD = 32,500 CUP
Euro (EUR) to Cuban Peso (CUP):
1 EUR = 340 CUP
5 EUR = 1,700 CUP
10 EUR = 3,400 CUP
20 EUR = 6,800 CUP
50 EUR = 17,000 CUP
100 EUR = 34,000 CUP