The informal currency market in Cuba has opened on January 8th with a significant development: a sharp increase in the selling price of the Freely Convertible Currency (MLC).
In recent hours, the virtual currency utilized by the Cuban regime has climbed from 400 to 408 CUP, according to the rates published by the independent outlet elTOQUE. This marks an increase of eight pesos compared to its previous value.
Meanwhile, both the US dollar and the euro remain at the rates reached on Wednesday; the American currency is being traded at 450 CUP and the European at 490 CUP.
This increase underscores the upward trend of foreign currencies in Cuba, a movement that began following the detention of Nicolás Maduro in Venezuela. This event has sparked political tensions and economic instability across the region, directly impacting the exchange rates on the island.
With these informal market rates set this Wednesday, the Cuban peso continues to weaken against foreign currencies, marking the beginning of a year characterized by uncertainty and diminishing purchasing power.
Current Exchange Rates as of 01/08/2026 - 7:14 a.m. in Cuba
According to elTOQUE, the exchange rate for the US dollar to CUP is 450 CUP.
The exchange rate for the euro to CUP is 490 CUP.
The exchange rate for the MLC to CUP is 408 CUP.
Conversion of US Dollars (USD) to Cuban Pesos (CUP)
1 USD = 450 CUP.
5 USD = 2,250 CUP.
10 USD = 4,500 CUP.
20 USD = 9,000 CUP.
50 USD = 22,500 CUP.
100 USD = 45,000 CUP.
Conversion of Euros (EUR) to Cuban Pesos (CUP)
1 EUR = 490 CUP.
5 EUR = 2,450 CUP.
10 EUR = 4,900 CUP.
20 EUR = 9,800 CUP.
50 EUR = 24,500 CUP.
100 EUR = 49,000 CUP.
200 EUR = 98,000 CUP.
Understanding Currency Trends in Cuba
What is the current exchange rate for the US dollar in Cuba?
As of January 8, 2026, the exchange rate for the US dollar is 450 CUP according to elTOQUE.
How has the Freely Convertible Currency (MLC) changed recently?
The MLC has increased from 400 to 408 CUP, reflecting an eight peso rise.
What impact did Nicolás Maduro's detention have on Cuba's currency market?
Maduro's capture has led to political and economic instability in the region, affecting the exchange rates in Cuba negatively.