Apparently, the currencies are steady for the third consecutive day in Cuba this Wednesday. The price of none of the three currencies is rising or falling.
However, the median sale price indicates an increase for the dollar, with the trading median rising to 395 CUP.
We will have to wait and see if, in the coming hours, a rise in the price of the US dollar in the Cuban informal market solidifies or not.
Exchange Rate Evolution
However, the selling price in today's report remains the same: at 10:00 a.m. (local time) this Wednesday, the dollar continues to be valued at 390 CUP.
Also unchanged is the euro, which remains at 440 pesos; and the freely convertible currency (MLC), at 220 CUP.
In the case of the euro, the median selling price remains at 440 CUP and the buying price drops to 335 CUP.
Exchange rate today 07/30/2025 - 10:08 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 390 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 440 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 220 CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this July 30:
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.
Equivalence of Euro (EUR) banknotes to Cuban Peso (CUP):
1 EUR = 440 CUP.
5 EUR = 2,200 CUP.
10 EUR = 4,400 CUP.
20 EUR = 8,800 CUP.
50 EUR = 22,000 CUP.
100 EUR = 44,000 CUP.
200 EUR = 88,000 CUP.
500 EUR = 220,000 CUP.
In the middle of this month, the Cuban Prime Minister, Manuel Marrero Cruz, announced before the National Assembly of People's Power (ANPP) that a new "management, control, and currency allocation mechanism" will be implemented in the second half of 2025, as part of the so-called “Government Program to correct distortions and reinvigorate the economy.”
According to Marrero, the new model will include the transformation of the official foreign exchange market, the consolidation of financing schemes, and the supposed more efficient redistribution of foreign currencies generated by state-owned enterprises.
Meanwhile, the informal market continues to set the tone: the Cuban peso is worth less and less, and remittances from emigrants support millions of households.
Cubans are still forced to buy dollars on the street to purchase food, medicine, or to pay for immigration procedures.
For some time, various economists have warned that any attempt to reorganize the exchange system in Cuba without an inclusive policy will only deepen inequality. Without real access to foreign currency, the population is trapped in a parallel economy that punishes the most vulnerable.
Frequently asked questions about the informal currency market 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 390 CUP for 1 USD. This rate has remained constant in recent days, although the median of values suggests a possible increase to 395 CUP.
What is the exchange rate for the euro in Cuba's informal market?
The euro is currently sold for 440 CUP in the Cuban informal market. This value has remained stable, although the median selling values suggest a possible upward trend.
What is the Freely Convertible Currency (MLC) and what is its current value?
The Freely Convertible Currency (MLC) is a virtual currency used in Cuba for transactions in certain government stores. Currently, its value is 220 CUP in the informal market.
What changes are expected in Cuba's currency system?
The Cuban government plans to implement a new "management, control, and currency allocation mechanism" in the second half of 2025. This model aims to transform the official exchange market and improve the distribution of foreign currency generated by state-owned enterprises. However, experts warn that without an inclusive policy, it could increase inequality.
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