Early Wednesday morning, January 14, the informal currency market in Cuba witnessed a notable uptick in the euro's value for the second consecutive day.
At 7:00 a.m. local time, the average selling price of the European currency reached 510 CUP, marking a five-unit increase compared to the previous day's rate.
Meanwhile, the US dollar held steady at 470 CUP in the island's informal exchange, a rate it achieved on Tuesday, as reported by the independent outlet elTOQUE.
The value of the Freely Convertible Currency (MLC) remains unchanged at 400 CUP, maintaining this rate since last Friday.
Overall, both the dollar and the euro have been experiencing an upward trajectory since the start of 2026, coinciding with the arrest of Nicolás Maduro in Venezuela on January 3. This event has sparked political tension and economic instability throughout the region, drawing particular attention in Cuba.
Exchange rates as of 7:26 a.m. on January 14, 2026, in Cuba are as follows, according to elTOQUE:
USD to CUP: 470 CUP.
EUR to CUP: 510 CUP.
MLC to CUP: 400 CUP.
Here is the conversion of US Dollar (USD) banknotes to Cuban Peso (CUP), based on the exchange rates of January 14:
1 USD = 470 CUP.
5 USD = 2,350 CUP.
10 USD = 4,700 CUP.
20 USD = 9,400 CUP.
50 USD = 23,500 CUP.
100 USD = 47,000 CUP.
The following are the conversions from Euros (EUR) to Cuban Peso (CUP):
1 EUR = 510 CUP.
5 EUR = 2,550 CUP.
10 EUR = 5,100 CUP.
20 EUR = 10,200 CUP.
50 EUR = 25,500 CUP.
100 EUR = 51,000 CUP.
200 EUR = 102,000 CUP.
500 EUR = 255,000 CUP.
Frequently Asked Questions about Cuba's Currency Exchange Rates
Why is the euro's value increasing in Cuba?
The euro's value is rising in Cuba due to political tensions and economic instability in the region, particularly following the arrest of Nicolás Maduro in Venezuela.
What is the current exchange rate for the US dollar in Cuba's informal market?
As of January 14, 2026, the US dollar is exchanged at 470 CUP in the informal market in Cuba.
How has the arrest of Nicolás Maduro affected Cuba?
The arrest of Nicolás Maduro has led to heightened political tension and economic instability in the region, impacting currency exchange rates in Cuba.