The value of the US dollar (USD) fell again this Friday, for the second consecutive day, in the informal currency market in Cuba.
At noon on May 17th, the selling price of the USD was set at 390 CUP, three pesos less than the previous day.
The European currency remains stable at 400 CUP, as well as the Freely Convertible Currency (MLC) which is being traded at 305 CUP, following the sudden drop it experienced this Wednesday.
Exchange rate today 17/05/2024 - 12:55pm in Cuba:
Exchange rate of the USD Dollar to CUP according to elTOQUE: 390 CUP.
Exchange rate of the Euro EUR to CUP according to elTOQUE: 400 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 305 CUP
Alternative exchange rate from other platforms:
Dollar exchange rate (USD): Buying 383 CUP, Selling 390 CUP
Exchange rate of the Euro (EUR): Buy 393 CUP, Sell 398 CUP.
Exchange rate of the MLC: Buy 301 CUP, Sell 303 CUP.
Here are the equivalences of each banknote available in euros and US dollars to Cuban pesos (CUP) according to the exchange rates on May 17, 2024:
United States dollars (USD) to Cuban pesos (CUP)
- 1 USD = 390 CUP
- 5 USD = 1,950 CUP
- 10 USD = 3,900 CUP
- 20 USD = 7,800 CUP
- 50 USD = 19,500 CUP
- 100 USD = 39,000 CUP
Euros (EUR) to Cuban pesos (CUP)
- 5 EUR = 2,000 CUP
- 10 EUR = 4,000 CUP
- 20 EUR = 8,000 CUP
- 50 EUR = 20,000 CUP
- 100 EUR = 40,000 CUP
- 200 EUR = 80,000 CUP
- 500 EUR = 200,000 CUP
These equivalences are based on current exchange rates, where 1 USD is equivalent to 390 CUP and 1 EUR is equivalent to 400 CUP.
The exchange rates in the informal market are compiled daily by the independent press outlet elTOQUE.
In a recent article, they warned that, despite the drop in the dollar, the models of the Observatory of Currencies and Finances of Cuba (OMFi) anticipate a continuing trend towards the depreciation of the Cuban peso in May.
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