This Wednesday morning, the informal currency market in Cuba remains stable, with no fluctuations in exchange rates.
Recently, the values for dollars, euros, and MLC have remained unchanged.
As of 6:00 a.m. local Cuban time on March 25, the dollar is valued at 515 CUP, while the euro stands at 580 CUP, as reported by elTOQUE, which monitors the ups and downs of the informal currency market.
The Freely Convertible Currency (MLC) maintains its rate of 400 CUP, which it reached the previous day.
The exchange rates provided by elTOQUE have become crucial benchmarks for assessing the actual value of the Cuban peso against foreign currencies, especially since the official exchange rate remains detached from market realities.
Factors Driving Informal Market Demand
Foreign currencies are primarily used for migration, importing goods, safeguarding savings against inflation, or making purchases in the expanding private sector. This keeps the pressure high on the informal market.
In a climate of persistent inflation, low state salaries, and increasing partial dollarization of the economy, the dynamics of the informal currency market continue to significantly influence internal prices and the purchasing power of Cubans.
Exchange Rates on March 25, 2026 - 6:39 a.m. in Cuba
USD to CUP exchange rate according to elTOQUE: 515 CUP.
EUR to CUP exchange rate according to elTOQUE: 580 CUP.
MLC to CUP exchange rate according to elTOQUE: 400 CUP.
USD to Cuban Peso (CUP) Conversion
1 USD = 515 CUP.
2 USD = 1,030 CUP.
5 USD = 2,575 CUP.
10 USD = 5,150 CUP.
20 USD = 10,300 CUP.
50 USD = 25,750 CUP.
100 USD = 51,500 CUP.
Euro to Cuban Peso (CUP) Conversion
1 EUR = 580 CUP.
5 EUR = 2,900 CUP.
10 EUR = 5,800 CUP.
20 EUR = 11,600 CUP.
50 EUR = 29,000 CUP.
100 EUR = 58,000 CUP.
200 EUR = 116,000 CUP.
500 EUR = 290,000 CUP.
Understanding Cuba's Currency Exchange Rates
Why is the informal market important in Cuba?
The informal market plays a crucial role in Cuba due to the detachment of the official exchange rates from market realities, allowing individuals to access foreign currencies for migration, imports, and safeguarding savings.
What is the significance of MLC in Cuba's economy?
MLC, or Freely Convertible Currency, is significant as it is used in an expanding private sector and helps protect savings against inflation, amid increasing dollarization of Cuba's economy.