After five consecutive days without price changes in the Cuban informal market, by the dawn of this Wednesday, the euro has seen a spike in its average selling value, according to the daily report from elTOQUE, which documents the fluctuations of the three currencies.
At 8:00 a.m. on this August 27th, the European currency rises to 453 CUP, which is three pesos more than the value it had held since August 12th, a value only interrupted on the 19th, by a brief increase to 451.
The dollar, for its part, remains valued at 405 CUP.
In the case of the Freely Convertible Currency (MLC), it currently holds at 195 CUP at the rate that arrived last Friday, after having dropped by five pesos suddenly.
Exchange Rate Evolution
In light of the increasing activity of the three reference currencies in the informal Cuban market, specifically the dollar and the euro in recent months, it is a fact that the national currency is becoming increasingly weak and that ordinary Cubans are losing purchasing power.
Meanwhile, the Cuban government remains silent despite promises of currency reform that it has not yet addressed.
Exchange rate today 08/27/2025 - 8:56 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 405 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 453 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 195 CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates as of August 27:
1 USD = 405 CUP.
5 USD = 2,025 CUP.
10 USD = 4,050 CUP.
20 USD = 8,100 CUP.
50 USD = 20,250 CUP.
100 USD = 40,500 CUP.
Equivalence of Euro banknotes (EUR) to Cuban Peso (CUP):
1 EUR = 453 CUP.
5 EUR = 2,265 CUP.
10 EUR = 4,530 CUP.
20 EUR = 9,060 CUP.
50 EUR = 22,650 CUP.
100 EUR = 45,300 CUP.
200 EUR = 90,600 CUP.
500 EUR = 226,500 CUP.
In July, Manuel Marrero announced changes in the official exchange market in Cuba, changes that - as he indicated - are expected to take place in the second half of the year. However, nothing has been finalized so far.
Frequently Asked Questions about the Foreign Exchange Market in Cuba
What is the current price of the euro in the Cuban informal market?
The current price of the euro in the Cuban informal market is 453 CUP. This increase represents a rise of three pesos compared to previous days, reflecting the instability and ongoing depreciation of the Cuban peso.
Why is the Cuban peso still losing value against foreign currencies?
The constant devaluation of the Cuban peso is due to a series of economic factors, including the lack of foreign currency, inflation, and the scarcity of basic goods. The Cuban government has promised currency reforms, but so far no action has been taken. This leaves the population in a state of economic uncertainty.
What is the current exchange rate for the dollar and the MLC in Cuba?
The current exchange rate of the dollar is 405 CUP and the MLC remains at 195 CUP. While the dollar has remained stable in recent days, the MLC has experienced recent fluctuations, reflecting the instability of the Cuban informal market.
What measures has the Cuban government announced to control the exchange market?
In July, Prime Minister Manuel Marrero announced potential transformations in the official exchange market. However, so far, no concrete changes have been implemented, which maintains uncertainty and affects confidence in the Cuban economy.
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