This Thursday, the U.S. dollar starts the day with an exchange rate of 550 Cuban pesos (CUP), according to the daily tracking by elTOQUE.
It remains the only currency that held its value compared to the previous day, continuing to be in high demand among those receiving remittances, purchasing imported goods, or seeking to safeguard their savings against inflation and the devaluation of the Cuban peso.
The euro continues to trade above the dollar, breaking its own record set on Wednesday, and reaching 640 CUP in the informal market today.
The European currency is gaining popularity among travelers and small business owners, while adding pressure to the finances of Cubans due to the rising costs of food, medicine, and other essential goods.
The Freely Convertible Currency (MLC), utilized in state-run stores, is currently valued at 410 CUP, marking a decrease of 10 pesos from Wednesday. Although it is far from its historical highs, it still poses a significant economic burden for many Cuban families.
Informal Exchange Rates in Cuba
Thursday, May 21, 2026 - 07:29
Exchange rate of the dollar (USD) to Cuban pesos (CUP): 550 CUP
Exchange rate of the euro (EUR) to Cuban pesos (CUP): 640 CUP
Exchange rate of the MLC to Cuban pesos (CUP): 410 CUP
Currency Conversion to Cuban Pesos (CUP)
Dollar to Cuban Pesos (CUP)
1 USD = 550 CUP
5 USD = 2,750 CUP
10 USD = 5,500 CUP
20 USD = 11,000 CUP
50 USD = 27,500 CUP
100 USD = 55,000 CUP
Euro to Cuban Pesos (CUP)
5 EUR = 3,200 CUP
10 EUR = 6,400 CUP
20 EUR = 12,800 CUP
50 EUR = 32,000 CUP
100 EUR = 64,000 CUP
200 EUR = 128,000 CUP
500 EUR = 320,000 CUP
FAQs on Cuba's Informal Currency Exchange
Why is the U.S. dollar in high demand in Cuba?
The U.S. dollar is highly sought after in Cuba for receiving remittances, buying imported goods, and protecting savings from inflation and the devaluation of the local currency.
How does the euro's value compare to the dollar in Cuba's black market?
In Cuba's black market, the euro is currently valued higher than the dollar, trading at 640 CUP compared to the dollar's 550 CUP.
What is the significance of MLC in Cuba's economy?
The MLC is used in state-run shops and, despite its lower current value, it still represents a significant financial challenge for many families due to its necessity for purchasing certain goods.