In recent hours, the euro has seen a resurgence in Cuba's informal market. As of Tuesday morning, the European currency is trading at 348 CUP, an increase of three pesos from its value since February 10th. The U.S. dollar remains steady at 345 CUP, a rate it reached over the past weekend. Meanwhile, the Freely Convertible Currency (MLC), which experienced several hikes in February, currently holds at 285 CUP.
Exchange rates as of March 4, 2025, 8:19 a.m. in Cuba: USD to CUP exchange rate according to elTOQUE: 345 CUP. EUR to CUP exchange rate according to elTOQUE: 348 CUP. MLC to CUP exchange rate according to elTOQUE: 285 CUP.
The fluctuating exchange rates in Cuba prompt many island residents to closely monitor the informal market, seeking strategies to safeguard their purchasing power against the depreciation of the CUP.
Currency Conversion Rates for USD and EUR
Here are the conversions for available bills of euros and U.S. dollars into Cuban pesos (CUP) based on the exchange rates of March 4:
U.S. Dollar (USD) to Cuban Peso (CUP):
- 1 USD = 345 CUP
- 5 USD = 1,725 CUP
- 10 USD = 3,450 CUP
- 20 USD = 6,900 CUP
- 50 USD = 17,250 CUP
- 100 USD = 34,500 CUP
Euro (EUR) to Cuban Peso (CUP):
- 1 EUR = 348 CUP
- 5 EUR = 1,740 CUP
- 10 EUR = 3,480 CUP
- 20 EUR = 6,960 CUP
- 50 EUR = 17,400 CUP
- 100 EUR = 34,800 CUP
Understanding Cuba's Currency Exchange
Why are exchange rates important in Cuba?
Exchange rates are crucial in Cuba because they directly impact the purchasing power of Cuban residents, who often rely on the informal market to exchange currencies due to the volatility of the Cuban Peso (CUP).
How do residents track currency exchange rates?
Many Cubans follow the informal market closely, using platforms like elTOQUE to stay informed about current exchange rates and adjust their financial strategies accordingly.