The price of the U.S. dollar remains high in the Cuban informal market, trading this Friday at 410 Cuban pesos (CUP), according to the reference rate published by the independent medium elTOQUE.
This figure reflects the increasing pressure on the national currency and the high level of demand for the greenback in a context of inflation and sustained shortages.
On its part, the euro remains stable and is trading at 460 CUP. It is the foreign currency with the highest value in the informal market. This trend strengthens its use in high-value transactions and family savings, especially among those receiving remittances from Europe or preparing to emigrate to the old continent.
Meanwhile, the MLC (Freely Convertible Currency), used in state stores selling basic goods in foreign currencies, surprises this Friday with a new increase. For the second consecutive day, its value rises, going from the 192 pesos it was worth this Thursday to the 195 CUP at which it is selling today, September 5th.
Exchange Rate Evolution
It has a lower exchange rate than the dollar and the euro, and at times it seems that it will no longer be used on the island, but the MLC remains necessary for access to essential goods, which keeps it as a currency of interest among Cubans.
These rates highlight the continued devaluation of the Cuban peso against foreign currencies, deepening the economic crisis that the population experiences in their daily lives.
Informal exchange rate in Cuba, Friday, September 5, 2025 - 07:00
Exchange rate of the dollar (USD) to Cuban pesos (CUP): 410 CUP
Exchange rate of the euro (EUR) to Cuban pesos (CUP): 460 CUP
Exchange rate from (MLC) to Cuban pesos CUP: 195 CUP
Equivalence in Cuban pesos (CUP) according to available banknotes
United States Dollar (USD) – 410 CUP for 1 USD
• 1 USD = 410 CUP
• 5 USD = 2,050 CUP
• 10 USD = 4,100 CUP
• 20 USD = 8,200 CUP
• 50 USD = 20,500 CUP
• 100 USD = 41,000 CUP
Euro (EUR) – 460 CUP for 1 EUR
• 5 EUR = 2,300 CUP
• 10 EUR = 4,600 CUP
• 20 EUR = 9,200 CUP
• 50 EUR = 23,000 CUP
• 100 EUR = 46,000 CUP
• 200 EUR = 92,000 CUP
• 500 EUR = 230,000 CUP
Frequently Asked Questions about the Foreign Exchange Market in Cuba
What is the current price of the dollar in the black market in Cuba?
The US dollar is currently trading at 410 Cuban pesos (CUP) in the informal Cuban market. This figure reflects the growing demand and inflationary pressure on the national currency in the context of an economic crisis. The fluctuation of the dollar in previous weeks also shows an upward trend, highlighting its importance in transactions and as a safe haven for value.
Why is the euro the most expensive currency in the Cuban informal market?
The euro is trading at 460 CUP, making it the foreign currency with the highest value in the Cuban informal market. Its high price is due to the scarcity in circulation and the strong demand from those receiving remittances from Europe or planning to emigrate to the continent. Additionally, the euro is preferred for high-value transactions and family savings, which reinforces its position as the most expensive currency.
What is the Freely Convertible Currency (MLC) and what is its current value?
The Freely Convertible Currency (MLC) is currently priced at 195 CUP. Although it has a lower value than the dollar and the euro, it is crucial for accessing basic products in state-run stores that operate in foreign currency. Despite its lower exchange rate, the MLC remains essential for Cubans due to the scarcity of essential goods in Cuban pesos.
How has the devaluation of the Cuban peso affected the country's economy?
The devaluation of the Cuban peso has exacerbated the economic crisis in Cuba. The loss of value of the peso against currencies like the dollar and the euro has increased inflation, reducing the purchasing power of the population. The ongoing depreciation impacts access to basic goods and services, creating uncertainty and pressure on the personal finances of Cubans.
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