Price of the euro soars in Cuba

After four days without any movement in the average sales price of the three reference currencies in the Cuban informal market, the euro wakes up this Thursday with a strong increase in its value.

The European currency rises three pesos at once and climbs to 318 CUP, a new record price that places it just two units away from the 320 pesos threshold.

The Freely Convertible Currency (MLC) also rises, which increases to 266 CUP, one peso more than theprice at which it arrived on February 24.

The dollar, for its part, remains stable at 310 pesos, value it has since February 23.

The median of values registered in the last 24 hours marks purchase offers for the US currency at 310 pesos for purchase and 313 for sale, which could be an indication that the dollar will rise in price in the coming hours.

In the case of the MLC, the median value is 265 when purchasing and 267 when selling.

The average of the euro is 318 both in the sale and in the acquisition of the European currency.

Andanalysis on the movement of currencies in the informal market published byelToque a few weeks ago, indicated that the announcement of the failed price increases for fuel andA context of high uncertainty and economic instability, without specific government projections, have led "to the conditions that drive the demand for foreign currency persist and the supply to remain restricted."

The reference rate ofelToque It is prepared after the analysis of the purchase and sale advertisements of the three reference currencies published on social networks and classified websites. From this result, a price is established that is used to know the values of the main currencies that circulate in the country.

However, you must keep in mind that the representative rate is formed from purchase or sale announcements, that is, They are not concrete operations, but rather they express the desire of the actors who participate in that market.Hence, the figures shared should be taken as a reference only.