This Wednesday, the dollar, the euro, and the Freely Convertible Currency (MLC) remain unchanged in the informal exchange of currencies in Cuba.
The trend today is towards stability, after a few days in which the euro and the MLC showed some upward changes, as documented by the independent media elToque.
Very unique is the case of the dollar, which remains valued at 340 CUP. The US currency reached that price on January 11th. Since then, only one day saw a change in its value, but it returned to 340, and for the rest of the time, it has remained fixed at that price.
In the case of the euro, it remains this Wednesday at 345 pesos, a price it reached last week after two consecutive days of increase.
In regard to the Freely Convertible Currency, the virtual currency that many believe is doomed to vanish, it remains today at 245 CUP, a value it reached in the previous trading day.
Exchange Rate Evolution
However, it is interesting to note that in the median values of the MLC over the past 24 hours, the virtual currency reaches an average selling price of 250 pesos, which could indicate that its value will increase a bit more in the coming hours.
The Cuban government has denied that MLC stores will disappear. However, the reality is that the plan for the upcoming opening of 50 new stores across the country, announced recently by the Deputy Minister of Domestic Trade, excludes MLC cards and focuses on cash sales or purchases made using Visa, MasterCard, or the Clásica card, the latter issued by the Cuban government.
Exchange rate today 12/02/2025 - 10:54 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 340 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 345 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 240 CUP.
Equivalences 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 for February 12:
1 USD: 340 CUP.
5 USD: 1,700 CUP.
10 USD: 3,400 CUP.
20 USD: 6,800 CUP.
50 USD: 17,000 CUP.
100 USD: 34,000 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.
Frequently Asked Questions about Currency Trading in Cuba
What is the current exchange rate of the dollar in the Cuban informal market?
The exchange rate of the dollar in the Cuban informal market is at 340 CUP. This value has remained stable since January 11, with only a slight fluctuation on one day, but it quickly returned to this value.
What is the exchange rate of the euro in the informal Cuban market?
The euro is currently trading at 345 CUP in the Cuban informal market. This exchange rate was reached last week after a consecutive increase over two days.
What is happening with the Freely Convertible Currency (MLC) in Cuba?
The MLC remains at 245 CUP in the informal market. Despite speculations about its potential disappearance, the Cuban government has denied that MLC stores will close. However, the recent plan to open 50 new stores in the country excludes MLC cards, focusing instead on cash sales in foreign currencies or through Visa, MasterCard, or Clásica cards.
Why has the exchange rate of foreign currencies in Cuba remained stable?
The stability of the exchange rate of currencies in Cuba is due to several economic and social factors. Despite some fluctuations, especially in previous months, the median buying and selling values in the last 24 hours indicate a trend towards stability in the informal market.
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