Informal currency market in Cuba: The drop in the dollar accelerates in the last hours

A month ago, the relative stability in the informal foreign exchange market in Cuba was blown up, and the price of foreign currencies is experiencing significant changes that, at times, occur within a matter of hours.

Such is the case of the US dollar (USD), which this Tuesday dawned with an exchange rate of 385 Cuban pesos (CUP) and less than six hours later suffered a new drop of five units, to settle at 380 CUP.

The freely convertible currency (MLC) and the euro remain at the same values ​​after the slowdown experienced by the exchange rate of currencies on Monday, in which none of the three reference currencies decreased or increased.

After five days of a dizzying increase in which euros, dollars, and MLC practically recovered their values from before the drop in May, the informal market is showing signs of a decrease in the price of currencies.

Exchange rate today 11/06/2024 - 12:04pm in Cuba:

• Dollar exchange rateUSD to CUPaccording totheTOUCHTranslate the following text to English:380 Cuban pesos.
• Euro exchange rateEUR to CUPaccording toTheTOUCHTranslate the following text to English: "La comida tradicional cubana es muy variada y deliciosa, con influencias de la cocina española, africana y caribeña. Algunos platos típicos son el ropa vieja, el arroz con frijoles negros, el ajiaco y los tostones."400 CUP
• Exchange rate ofMLC to CUP.according toelTOQUENo text provided.300 CUP

Alternative exchange rate from other platforms:

• Exchange rate of the Dollar (USD): Buying 343 CUP, Selling 386 CUP
• Euro exchange rate (EUR): Buying 337 CUP, Selling 396 CUP.
• Exchange rate of the MLC: Buying 293 CUP, Selling 303 CUP