In the last few hours, the average selling price of the dollar in the Cuban informal market has shown signs of decrease after dropping from 395 to 393 CUP, two pesos less compared to its average value in recent days.
At 9:00 in the morning of May 16th (Cuban local time), the value of the dollar remained at 393 CUP.
The euro, for its part, remains fixed at 400 CUP.
The Convertible Currency (MLC) also maintains its average selling value at 305, after the sudden decrease of five units it experienced on Wednesday.
Exchange rate today 16/05/2024 - 15:05 a.m. in Cuba:
Exchange rate of the USD to CUP according to elTOQUE: 393 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 400 CUP.
Exchange rate of CUC to CUP according to theTOQUE: 305 CUP.
Alternative exchange rate from other platforms:
Dollar exchange rate (USD): Purchase 387 CUP, Sale 394 CUP.
Euro exchange rate (EUR): Buy 395 CUP, Sell 399 CUP.
Exchange rate for the MLC: Buying 303 CUP, Selling 304 CUP.
The unofficial exchange rate of Cuba offered here is not officially recognized or backed by any financial or governmental entity.
Below are the equivalences of each available euro and US dollar bill to Cuban pesos (CUP), according to the exchange rates as of May 16th.
United States Dollar (USD) to Cuban Peso (CUP):
1 USD bill: 393 CUP.
5 USD bill: 1,965 CUP.
10 USD bill: 3,930 CUP.
20 USD bill: 7,860 CUP.
$50 bill: 19,650 CUP.
100 USD bill: 39,300 CUP.
Euro (EUR) to Cuban Peso (CUP):
5 EUR bill: 2,000 CUP.
10 EUR bill: 4,000 CUP.
20 EUR bill: 8,000 CUP.
€50 banknote: 20,000 CUP.
100 EUR note: 40,000 CUP.
200 EUR banknote: 80,000 CUP.
500 EUR banknote: 200,000 CUP.
This information can be useful to calculate the cost in Cuban pesos of any amount of dollars or euros. These conversions are based on exchange rates of 393 CUP per dollar and 400 CUP per euro.
In recent days, the average sale of the three reference currencies in the Cuban informal market seems to have slowed down a bit.
The drop in the dollar today is added to the one that the MLC experienced this Wednesday, as well as the slight decline that the euro had last weekend.
However, in an article published by elToque at the beginning of the month, the independent media outlet warned that the models of the Observatory of Currencies and Finance of Cuba (OMFi) anticipated that the trend towards the depreciation of the peso could continue in May.
They forecasted that the informal exchange rate could be around 417-427 CUP per dollar, 422-433 CUP per euro, and 316-324 CUP per MLC by the end of the month.
They also suggested, however, that a decrease in the pace of depreciation of the peso in the coming months was likely.
