On Saturday, the value of the U.S. dollar (USD) climbed to 510 Cuban pesos (CUP) in the informal market, marking an increase of two pesos from the previous day. This rise highlights the ongoing scarcity of foreign currency in the country.
The American currency remains highly sought after by Cubans to purchase essential goods such as food and medicine in dollar-based stores or to facilitate emigration. The mounting pressure on the Cuban peso underscores the lack of confidence in the national economy and the erosion of purchasing power.
Meanwhile, the euro (EUR) continues its upward trend, currently valued at 570 CUP. This European currency remains above the dollar, driven by demand from those receiving remittances from European Union countries or using it as a hedge against domestic inflation.
The Freely Convertible Currency (MLC) stands at 405 CUP. Although it has lost some ground to the dollar and euro, it remains a crucial reference point in informal transactions on the island.
Current Exchange Rates in Cuba
Exchange rates for Saturday, February 28, 2026 - 07:00 AM:
U.S. Dollar (USD) to Cuban pesos (CUP): 510 CUP
Euro (EUR) to Cuban pesos (CUP): 570 CUP
Freely Convertible Currency (MLC) to Cuban pesos (CUP): 405 CUP
These are the current equivalents in Cuban pesos (CUP) based on today's rates:
U.S. Dollar (1 USD = 510 CUP)
1 USD = 510 CUP
5 USD = 2,550 CUP
10 USD = 5,100 CUP
20 USD = 10,200 CUP
50 USD = 25,500 CUP
100 USD = 51,000 CUP
Euro (1 EUR = 570 CUP)
5 EUR = 2,850 CUP
10 EUR = 5,700 CUP
20 EUR = 11,400 CUP
50 EUR = 28,500 CUP
100 EUR = 57,000 CUP
200 EUR = 114,000 CUP
500 EUR = 285,000 CUP
Understanding Cuba's Currency Market Dynamics
Why is the U.S. dollar so important in Cuba?
The U.S. dollar is crucial in Cuba as it is used for purchasing essential goods in dollar-based stores and is a preferred currency for those looking to emigrate.
What factors contribute to the demand for the euro in Cuba?
The demand for the euro in Cuba is driven by remittances from European Union countries and its use as a safeguard against local inflation.