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Euro Surges in Cuban Black Market Exchange Rates

Monday, October 28, 2024 by Ernesto Alvarez

Euro Surges in Cuban Black Market Exchange Rates
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After holding steady at 340 CUP for nearly three weeks, the euro has seen an increase in its value on Cuba's informal market this Monday. As of the morning of October 28, the European currency is averaging a selling price of 345 CUP, marking a five-peso rise compared to its value since October 9.

Meanwhile, the U.S. dollar and the Freely Convertible Currency (MLC) remain unchanged at their recent values: 325 CUP for the dollar and 340 CUP for the virtual currency used by the Cuban government in certain designated stores.

Current Exchange Rates in Cuba

As of 11:25 a.m. on October 28, 2024, in Cuba, the exchange rates are as follows according to elTOQUE:

Dollar (USD) to Cuban Peso (CUP): 325 CUP

Euro (EUR) to Cuban Peso (CUP): 345 CUP

MLC to Cuban Peso (CUP): 265 CUP

Currency Conversion Equivalents

Here are the conversion equivalents for each available bill of euros and U.S. dollars to Cuban pesos (CUP) based on the exchange rates of October 28:

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):

1 EUR = 345 CUP

5 EUR = 1,725 CUP

10 EUR = 3,450 CUP

20 EUR = 6,900 CUP

50 EUR = 17,250 CUP

100 EUR = 34,500 CUP

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