The informal foreign exchange market in Cuba starts the day with two notable updates: the price of the dollar decreases, as does that of the MLC.
At dawn this Thursday, the U.S. dollar drops to 440 CUP per unit, which represents a decline of five pesos.
In the case of the Freely Convertible Currency (MLC), it falls to 290 CUP, which also represents a decrease of five units compared to the price it reached the day before.
The euro, for its part, remains stable, as revealed on December 11 in the report from the independent media elTOQUE, which documents the fluctuations in currency prices in Cuba.
Exchange Rate Evolution
The European currency remains priced at 490 CUP, a rate it has held for several days.
Exchange rate today 11/12/2025 - 6:56 a.m. in Cuba:
Dollar exchange rate USD to CUP according to elTOQUE: 440 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 490 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 290 CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates as of December 11:
1 USD = 440 CUP.
5 USD = 2,200 CUP.
10 USD = 4,400 CUP.
20 USD = 8,800 CUP.
50 USD = 22,000 CUP.
100 USD = 44,000 CUP.
Equivalence of Euro (EUR) banknotes to Cuban Peso (CUP):
1 EUR = 490 CUP.
5 EUR = 2,450 CUP.
10 EUR = 4,900 CUP.
20 EUR = 9,800 CUP.
50 EUR = 24,500 CUP.
100 EUR = 49,000 CUP.
200 EUR = 98,000 CUP.
500 EUR = 245,000 CUP.
In recent weeks, the Cuban government has intensified its campaign against the informal foreign exchange market and against the reference rate published by the independent media elTOQUE.
This offensive includes criminal investigations, threats to currency exchange operators, and a communication strategy focused on discrediting alternative sources for the prices of the dollar, euro, and other currencies.
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