In recent days, the exchange rates within Cuba's informal market have held steady after experiencing a rise due to new dollarization initiatives. As of Monday, January 20, 2025, data from CiberCuba, sourced from El Toque, shows the US dollar (USD) trading at 340 CUP, the euro (EUR) at 345 CUP, and the freely convertible currency (MLC) at 240 CUP.
Exchange Rate Trends
Since the end of December 2024, foreign currencies have consistently increased. The USD has risen from 300 CUP to the current 340 CUP, while the euro has climbed to 345 CUP. Meanwhile, the MLC maintains a level of 240 CUP. Despite this upward trend, the rates have not seen significant fluctuations in recent days.
Currency Conversion Equivalents
Here are the current conversion equivalents for US dollars and euros to Cuban pesos (CUP) as of January 20:
US Dollar (USD) to Cuban Peso (CUP):
- 1 USD = 340 CUP
- 5 USD = 1,700 CUP
- 10 USD = 3,400 CUP
- 20 USD = 6,800 CUP
- 50 USD = 17,000 CUP
- 100 USD = 34,000 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
Key Currency Exchange Questions in Cuba
What are the current exchange rates for USD and EUR in Cuba?
As of January 20, 2025, the USD is exchanged at 340 CUP, and the EUR is traded at 345 CUP in Cuba's informal market.
How have currency rates changed in Cuba since December 2024?
Since late December 2024, the USD has increased from 300 CUP to 340 CUP, and the EUR has risen to 345 CUP. The MLC remains stable at 240 CUP.