Another surprising day in Cuba's informal market!
For the first time in quite a while, all three major currencies in Cuba have increased in value in the informal trading scene as of Friday morning.
The US dollar has climbed to 455 CUP, an increase of five pesos compared to its recent value.
The euro has experienced a more substantial rise, jumping from 480 to 495 CUP, marking a sudden increase of 15 units.
Similarly, the Freely Convertible Currency (MLC) has also risen by 15 pesos, moving from 250 to 265 CUP.
Exchange rates as of November 28, 2025, at 6:55 a.m. in Cuba:
According to elTOQUE, the exchange rate for the US dollar (USD) to Cuban Peso (CUP) is 445 CUP.
The exchange rate for the euro (EUR) to CUP is 495 CUP, as reported by elTOQUE.
The MLC to CUP exchange rate, according to elTOQUE, is 265 CUP.
US Dollar (USD) to Cuban Peso (CUP) conversions based on today's rates:
1 USD = 445 CUP
5 USD = 2,225 CUP
10 USD = 4,450 CUP
20 USD = 8,900 CUP
50 USD = 22,250 CUP
100 USD = 44,500 CUP
Euro (EUR) to Cuban Peso (CUP) conversions:
1 EUR = 495 CUP
5 EUR = 2,475 CUP
10 EUR = 4,950 CUP
20 EUR = 9,900 CUP
50 EUR = 24,750 CUP
100 EUR = 49,500 CUP
200 EUR = 99,000 CUP
500 EUR = 247,500 CUP
Understanding Currency Changes in Cuba
Why are the currency rates rising in Cuba's informal market?
The rise in currency rates is often due to economic instability, demand fluctuations, and the varying political landscape in Cuba.
What is the significance of the informal market for Cuban currency exchange?
The informal market often reflects more realistic exchange rates compared to official rates, providing insights into the actual economic conditions in Cuba.