This Tuesday, Cuba's informal currency market witnesses a significant drop in the euro's value, declining by three pesos compared to its peak on Monday.
Early on April 7, the European currency falls to 585 CUP.
Meanwhile, the U.S. dollar remains steady at 520 CUP. The American currency has held its ground for the third consecutive day, maintaining the level it reached after surpassing the 515 CUP mark last week. As for the volatile Freely Convertible Currency (MLC), it stays unchanged today, holding at 395 CUP, the same rate as yesterday.
Current Exchange Rates in Cuba
On April 7, 2026, at 8:25 a.m. in Cuba, the exchange rates are as follows:
- U.S. Dollar (USD) to Cuban Peso (CUP) according to elTOQUE: 520 CUP.
- Euro (EUR) to Cuban Peso (CUP) according to elTOQUE: 585 CUP.
- Freely Convertible Currency (MLC) to Cuban Peso (CUP) according to elTOQUE: 395 CUP.
Currency Conversion Comparisons
Here are the conversion equivalents from U.S. Dollars to Cuban Pesos on April 7:
- 1 USD = 520 CUP.
- 5 USD = 2,600 CUP.
- 10 USD = 5,200 CUP.
- 20 USD = 10,400 CUP.
- 50 USD = 26,000 CUP.
- 100 USD = 52,000 CUP.
Conversion equivalents for Euros to Cuban Pesos:
- 5 EUR = 2,925 CUP.
- 10 EUR = 5,850 CUP.
- 20 EUR = 11,700 CUP.
- 50 EUR = 29,250 CUP.
- 100 EUR = 58,500 CUP.
- 200 EUR = 117,000 CUP.
- 500 EUR = 292,500 CUP.
The euro's decline today comes amid the recent release of 2,000 and 5,000 peso bills by the Central Bank of Cuba (BCC), a move perceived by many as a clear indicator of inflation and the devaluation of the Cuban peso.
This situation is exacerbated by the stagnation of the BCC's "floating rate," which keeps the official euro value around 554 CUP, significantly lower than its informal market rate.
This widening gap reinforces the belief that the official exchange rate fails to accurately represent the country's economic situation.
Understanding Cuba's Currency Dynamics
Why is the euro dropping in Cuba's informal market?
The euro is declining due to the release of higher denomination peso bills by the Central Bank of Cuba, which has led to inflation and contributed to the devaluation of the Cuban peso.
How does the official exchange rate compare to the informal market in Cuba?
The official exchange rate, such as the euro at 554 CUP, often lags behind the more dynamic informal market rates, which reflect the true economic conditions more accurately.
What are the current exchange rates for USD and EUR in Cuba?
As of April 7, 2026, the U.S. dollar is valued at 520 CUP and the euro at 585 CUP in the informal market, according to elTOQUE.