On December 25, 2025, the value of the U.S. dollar is set at 435 Cuban pesos (CUP), according to the independent observatory elToque. This marks a decrease of five pesos on this Christmas day.
Despite the drop, the American currency remains the most sought-after on the island, driven by the scarcity of cash and the declining value of the Cuban peso. Interestingly, another currency is gaining strength in the market.
The euro is stable at 480 CUP, making it an attractive option for those looking to safeguard their savings.
Meanwhile, the Freely Convertible Currency (MLC), used in state-run stores, experienced a surprising rise of 30 pesos, now trading at 380 CUP.
Informal Exchange Rates in Cuba:
Thursday, December 25, 2025 - 06:00 AM
Exchange rate of the dollar (USD) to Cuban pesos (CUP): 435 CUP
Exchange rate of the euro (EUR) to Cuban pesos (CUP): 480 CUP
Exchange rate of the MLC to Cuban pesos (CUP): 380 CUP
Understanding Currency Trends in Cuba
Why is the U.S. dollar still the most sought-after currency in Cuba?
The U.S. dollar remains highly desired in Cuba due to the country's cash shortage and the weakening of the Cuban peso, making it a reliable store of value.
What makes the euro a stable option for Cuban savers?
The euro's consistent rate of 480 CUP provides stability, appealing to those looking to protect their wealth against the volatility of the Cuban peso.
What is the significance of the MLC's recent increase?
The MLC's unexpected rise by 30 pesos indicates a shift in its demand and could reflect changes in the availability of goods in state-run stores.