For the third consecutive day, the prices of the U.S. dollar, euro, and Freely Convertible Currency (MLC) remained unchanged in Cuba's informal market as of this Tuesday. After a surge earlier in January, driven by the Cuban regime's recent dollarization measures, these key foreign currencies have temporarily stabilized.
As of 8:00 a.m. local time on January 21, 2025, the exchange rates stand at 340 CUP for the U.S. dollar, 345 CUP for the euro, and 240 CUP for the MLC. These rates are reported by elTOQUE, reflecting the current currency valuations in the nation.
Today's exchange rates in Cuba, specific to January 21, 2025, at 7:00 a.m., are as follows:
- U.S. Dollar (USD) to Cuban Peso (CUP): 340 CUP
- Euro (EUR) to Cuban Peso (CUP): 345 CUP
- Freely Convertible Currency (MLC) to Cuban Peso (CUP): 240 CUP
Below are the equivalent values for various denominations of the U.S. dollar and euro in Cuban Pesos:
- 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
For the euro:
- 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 Currency Exchange Dynamics
What has caused the recent stability in Cuba's currency exchange rates?
The recent stability follows a surge in early January due to new dollarization measures implemented by the Cuban regime. These policies have led to a temporary balance in the informal market.
How are exchange rates determined in Cuba?
Exchange rates in Cuba are largely influenced by the informal market, with sources like elTOQUE providing updates based on current trading conditions.