The dollar without a roof in Cuba: New sales record for the US currency in the informal market

The dollar continues without brakes in Cuba and for the third consecutive day the average sales value of the US currency in the informal market increases, according to the independent media published this March 24 elToque in the rate that informs each day about the price of currencies on the street.

The US currency rises two pesos compared to the previous day and reaches 330 pesos per unit, positioning itself just five pesos away from the euro.

The figure represents a new absolute record for the dollar since 2019. elToque will begin to document the representative value of the three reference currencies in the informal market of the island.

The euro and the freely convertible currency (MLC), for their part, maintain their values from the previous day: the European currency at 335 and the MLC at 275 CUP.

Regarding the behavior of the median values, in the last 24 hours elToque marks as average purchase offers for the US currency at 327 pesos and 330 for sale.

The average for the euro, for its part, is 335 for both purchase and sale. In the case of the MLC, the median value is 275 both at acquisition and when sold.

At the beginning of the month, economist Pavel Vidal warned in the monthly report of the Cuban Currency and Finance Observatory (OMFi) that The forecast models predicted that the value of the USD and the euro in the informal market could exceed the 340 peso mark in the remainder of March.

The reference rate of elToque 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, it must be taken into account 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.