Behavior of currencies in the black market today

How are currencies reacting to the most recent events in Cuba?


At dawn on Wednesday, the MLC, the virtual currency used by the government in designated stores, returned to 265 CUP after briefly dropping in value the previous day.

As of October 24, both the dollar and the euro remain valued at the same rates they have held for several days: 325 for the dollar and 340 for the euro, according to the monitoring conducted by the independent media outlet elTOQUE on currency fluctuations.

The limited activity in the informal market stands out amid an increasingly tense economic climate and the reality of a paralyzed economy. This Wednesday, the Cuban government extended the suspension of classes at all levels and non-essential work activities until October 27.

Exchange rate today, October 24, 2024 - 7:15 a.m. in Cuba:

Exchange rate of the USD to CUP according to elTOQUE: 325 CUP.

Exchange rate of the Euro EUR to CUP according to elTOQUE: 340 CUP.

Exchange rate of MLC to CUP according to TOQUE: 265 CUP.

Equivalencies of each available euro and US dollar bill to Cuban pesos (CUP)

United States Dollar (USD) to Cuban Peso (CUP), based on exchange rates from October 24:

1 USD = 325 CUP.

5 USD = 1,625 CUP.

10 USD = 3,250 CUP.

20 USD = 6,500 CUP.

50 USD = 16,250 CUP.

100 USD = 32,500 CUP.

Euro (EUR):

1 EUR = 340 CUP.

5 EUR = 1,700 CUP.

10 EUR = 3,400 CUP.

20 EUR = 6,800 CUP.

50 EUR = 17,000 CUP.

100 EUR = 34,000 CUP.

What do you think?

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