No significant changes have been observed in the exchange rates for the dollar, euro, and Freely Convertible Currency (MLC) on Cuba's black market today. As of this Friday morning, the U.S. dollar remains steady at 345 CUP, a rate it has maintained since last weekend. The euro also holds at 345 CUP, having slipped back to this price on Thursday after a brief increase to 348 CUP on Tuesday. Meanwhile, the MLC, which saw a series of hikes in February, continues to stand at 285 CUP.
In recent hours, the median buying and selling prices in the informal currency market indicate a slight increase in the buying price of the dollar, which now stands at 342 CUP.
Exchange Rates as of 7/03/2025 - 12:48 p.m. in Cuba:
USD to CUP according to elTOQUE: 345 CUP.
EUR to CUP according to elTOQUE: 345 CUP.
MLC to CUP according to elTOQUE: 285 CUP.
The unpredictable nature of exchange rates in Cuba prompts many island residents to closely monitor the informal market. They seek strategies to safeguard their purchasing power against the ongoing devaluation of the national currency.
Conversion Rates for USD and EUR to Cuban Pesos (CUP):
U.S. Dollar (USD) to Cuban Peso (CUP), based on exchange rates from March 7:
- 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):
- 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
Why are exchange rates in Cuba's black market important?
Exchange rates in the black market are crucial for Cubans as they significantly impact their purchasing power and ability to access goods and services amidst economic instability.
How do fluctuations in the informal market affect Cuban citizens?
Fluctuations in the informal market can lead to uncertainty for Cuban citizens, as they may face challenges in managing their finances and maintaining their standard of living due to the devaluation of the Cuban Peso.