The dollar, euro, and MLC woke up this Saturday with abrupt price drops in the average sale in the Cuban informal market.
In the last few hours, the selling price of the dollar has dropped for the third consecutive day, and this morning it stands at 385 CUP, five pesos less compared to the value it reached this Friday.
The dollar has dropped a total of 10 pesos in a period of 72 hours.
Abrupt decrease of five pesos today for both the euro and the Freely Convertible Currency (MLC).
At 7 a.m. on May 18th (Cuban local time), the euro is priced at 395 pesos and the MLC at 300, in both cases five units less than the previous day.
Exchange rate today 05/18/2024 - 7:05 a.m. in Cuba:
Exchange rate from USD to CUP according to elTOQUE: 385 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 395 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 300 CUP.
Alternative exchange rate from other platforms:
Dollar exchange rate (USD): Buy 381 CUP, Sell 387 CUP.
Euro exchange rate (EUR): Buying 389 CUP, Selling 397 CUP.
Exchange rate of the MLC: Buy 300 CUP, Sell 303 CUP.
The informal exchange rate of Cuba offered here is not officially recognized or supported by any financial or governmental entity.
Below are the equivalences of each available euro and US dollar bill to Cuban pesos (CUP), based on the exchange rates of May 18th.
United States Dollar (USD) to Cuban Peso (CUP):
1 USD: 385 CUP
5 USD: 1,925 CUP
10 USD: 3,850 CUP
20 USD: 7,700 CUP
50 USD: 19,250 CUP
100 USD: 38,500 CUP
Euro (EUR) to Cuban Peso (CUP):
1 EUR = 395 CUP
5 EUR: 1,975 CUP
10 EUR: 3,950 CUP
20 EUR: 7,900 CUP
50 EUR: 19,750 CUP
100 EUR: 39,500 CUP
200 EUR: 79,000 CUP
500 EUR: 197,500 CUP
This information may be useful for calculating the cost in Cuban pesos of any amount of dollars or euros. These conversions are based on the provided rates of 385 CUP per dollar and 390 CUP per euro.
In recent days, the average sale of the three reference currencies in the informal Cuban market showed signs of slowing down, and in the last few hours, the path they have taken is one of abrupt retreat.
In an article published by elToque at the beginning of the month, the independent media outlet warned that the models of the Cuban Coins and Finance Observatory (OMFi) anticipated that the trend of peso depreciation could continue in May.
They also predicted that the informal exchange rate could reach around 417-427 CUP per dollar, 422-433 CUP per euro, and 316-324 CUP per MLC by the end of the month.
Judging by what has happened in recent days, the decrease in the pace of depreciation of the Cuban peso has already begun.
What do you think?
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