This Thursday, Cuba's informal currency market faces significant pressure on the Cuban peso.
The U.S. dollar started the day trading at 545 CUP, as reported by the daily monitoring from elTOQUE. This occurs amid ongoing inflation and the persistent shortage of foreign currency across the island.
In the informal market, the euro holds its position as the most expensive currency, valued today at 625 CUP. The European currency continues to gain popularity among those aiming to safeguard their savings from the devaluation of the Cuban peso.
Meanwhile, the MLC has seen a decrease in value this Thursday. Previously priced at 432.5 CUP, it now stands at 430 CUP, significantly lower than both the U.S. dollar and the euro in these informal transactions within the nation.
Current Exchange Rates in Cuba's Informal Economy
Exchange Rate on Thursday, May 14, 2026 - 10:00 AM
U.S. Dollar (USD) to Cuban Pesos (CUP): 545 CUP
Euro (EUR) to Cuban Pesos (CUP): 625 CUP
MLC to Cuban Pesos (CUP): 430 CUP
Approximate Currency Conversion in Cuban Pesos
U.S. Dollar (USD)
1 USD = 545 CUP
5 USD = 2,725 CUP
10 USD = 5,450 CUP
20 USD = 10,900 CUP
50 USD = 27,250 CUP
100 USD = 54,500 CUP
Euro (EUR)
5 EUR = 3,125 CUP
10 EUR = 6,250 CUP
20 EUR = 12,500 CUP
50 EUR = 31,250 CUP
100 EUR = 62,500 CUP
200 EUR = 125,000 CUP
500 EUR = 312,500 CUP
Understanding Cuba's Informal Currency Market
Why is the euro more expensive than the U.S. dollar in Cuba's informal market?
The euro's higher value in Cuba's informal market is due to its increasing demand as a stable currency, offering better protection against the devaluation of the Cuban peso.
What factors contribute to the fluctuations in Cuba's informal currency market?
Currency fluctuations in Cuba's informal market are influenced by inflation, scarcity of foreign currency, and the ongoing economic challenges within the country.
How does the MLC compare to other currencies in the Cuban market?
Currently, the MLC is valued lower than both the U.S. dollar and the euro, reflecting its decreased demand and lower trading price in informal exchanges.