The American dollar has started to gain traction in Cuba's informal market. As of Friday morning, reports from the independent outlet El Toque indicate a slight uptick in its price, following a six-day period of stability. At 9:00 a.m. local Cuban time, the dollar was being traded at an average of 341 CUP, marking an increase of one peso from its value on January 11.
The median trading value places the dollar at 343 CUP, suggesting a potential further rise in its price in the near future. Meanwhile, both the euro and the Freely Convertible Currency (MLC) remain steady, with the European currency valued at 345 CUP and the virtual currency at 240 CUP.
Exchange rates for today, January 17, 2025, at 9:15 a.m. in Cuba are as follows:
According to El Toque, the USD to CUP exchange rate is 341 CUP, the EUR to CUP rate is 345 CUP, and the MLC to CUP rate is 240 CUP.
Here are the conversions for available euros and US dollars to Cuban pesos (CUP) based on today's exchange rates:
US Dollar (USD) to Cuban Peso (CUP):
- 1 USD = 341 CUP
- 5 USD = 1,705 CUP
- 10 USD = 3,410 CUP
- 20 USD = 6,820 CUP
- 50 USD = 17,050 CUP
- 100 USD = 34,100 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
Understanding Cuba's Informal Currency Market
What is the current exchange rate for the US dollar in Cuba's informal market?
As of January 17, 2025, the exchange rate for the US dollar in Cuba's informal market is 341 CUP.
How stable is the euro in comparison to the dollar in Cuba?
The euro is currently stable at 345 CUP, compared to the fluctuating dollar, which suggests a more consistent valuation for the European currency.
Could the dollar's value increase further in Cuba?
Yes, the median value for the dollar is at 343 CUP, indicating that its price might continue to rise in the upcoming hours.