The informal currency market in Cuba remained stable this Saturday, the anniversary of the villa of San Cristóbal de La Habana, with the dollar trading at 328 Cuban pesos, similar to previous days.
For the fourth consecutive day, the independent outlet elTOQUE has not reported any changes in its daily update on the currency price in the black market.
After a Tuesday in which the dollar rose slightly, the currencies have remained stable.
The US dollar remains valued at 328 pesos, the euro at 345 CUP, and the freely convertible currency (MLC) at 265.
Exchange rate today, 11/16/2024 - 11:24 a.m. in Cuba:
Exchange rate of the USD to CUP according to TOQUE: 328 CUP.
Exchange rate of the Euro EUR to CUP according to TOQUE: 345 CUP.
Exchange rate of MLC to CUP according to TOQUE: 265 CUP.
The median of the values published today by elTOQUE does not suggest that there will be significant movements in the values over the next few hours.
Equivalents of each available euro and US dollar bill to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates on November 16:
1 USD = 328 CUP.
5 USD = 1,640 CUP.
10 USD = 3,280 CUP.
20 USD = 6,560 CUP.
50 USD = 16,400 CUP.
100 USD = 32,800 CUP.
Euro (EUR):
1 EUR: 345 CUP.
5 EUR = 1,725 CUP.
10 EUR = 3,450 CUP.
20 EUR = 6,900 CUP.
50 EUR = 17,250 CUP.
100 EUR = 34,500 CUP.
The prestigious academic journal Applied Economics, known for validating innovative contributions and practical applications in economics worldwide, recently endorsed the methodology used by elTOQUE to calculate the exchange rate in Cuba's informal currency market.
The article "Using AI in the Informal Currency Market: Evidence from Cuba" was published in October 2024 and described the innovative use of artificial intelligence and natural language processing (NLP) techniques to calculate the Representative Rate of the Informal Market (TRMI), as reported by elTOQUE on its website.
This recognition highlighted the importance of the work of this media outlet, which in recent years has been continuously targeted by the Cuban regime, determined to discredit its algorithms and analyses by claiming they are speculative and do not reflect reality.
This Saturday, Cubans are celebrating, albeit without much enthusiasm, another anniversary of the Villa de San Cristóbal de La Habana, amid a crisis worsened by inflation, increasing deterioration of the housing stock, food shortages, and high currency exchange rates.
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