This Sunday morning, Cuba's informal currency market witnesses a significant shift as the dollar reaches a new peak for the second day in a row.
In recent hours, the American dollar has climbed to 513 CUP, marking an increase of one peso from its value on Saturday.
The rise in the dollar's value comes amid escalating social unrest on the island, peaking on Friday night with disturbances in Morón, which resulted in five arrests and a reported gunshot injury.
Meanwhile, the euro remains steady today at 575 CUP.
The Freely Convertible Currency (MLC) has decreased from 400 to 393 CUP, reflecting a drop of seven pesos, according to the daily report by elTOQUE, which tracks currency fluctuations.
Current Exchange Rates in Cuba
Exchange rates on March 15, 2026, at 6:58 a.m. in Cuba:
USD to CUP rate according to elTOQUE: 513 CUP.
EUR to CUP rate according to elTOQUE: 575 CUP.
MLC to CUP rate according to elTOQUE: 393 CUP.
elTOQUE's published rates have become a key reference for assessing the true value of the Cuban peso against foreign currencies, highlighting the discrepancy with the official exchange rate.
Foreign currencies are primarily used for emigration, importing goods, safeguarding savings from inflation, or making purchases in the expanding private sector, maintaining high pressure on the informal market.
In an environment of persistent inflation, low state wages, and increasing partial dollarization, the behavior of the informal currency market continues to have a direct impact on domestic prices and the purchasing power of Cubans.
Currency Conversion Examples
Conversion rates from U.S. Dollar (USD) to Cuban Peso (CUP), based on March 15 exchange rates:
1 USD = 512 CUP.
5 USD = 2560 CUP.
10 USD = 5120 CUP.
20 USD = 10240 CUP.
50 USD = 25,600 CUP.
100 USD = 51200 CUP.
Conversion rates from Euro (EUR) to Cuban Peso (CUP):
1 EUR = 575 CUP.
5 EUR = 2,875 CUP.
10 EUR = 5,750 CUP.
20 EUR = 11,500 CUP.
50 EUR = 28,750 CUP.
100 EUR = 57,500 CUP.
Understanding Cuba's Currency Market Dynamics
Why is the dollar's value increasing in Cuba?
The dollar's value is rising due to increased demand in the informal market, driven by factors such as inflation, economic instability, and the need for foreign currency to purchase goods and services in the private sector.
How does the informal currency market affect everyday life in Cuba?
The informal currency market influences daily life by dictating the real purchasing power of Cubans, affecting how they can afford essentials and luxury goods in a context where official rates do not reflect market realities.