The dollar and the euro continue to decline in the informal Cuban market

The average sale in the informal market for dollars and euros in Cuba has decreased for the second consecutive day.

Dólares y euros (Imagen de referencia) © Freepik
Dollars and euros (Reference image)Photo © Freepik

Related videos:

The average selling price of the euro and the dollar in the Cuban informal market decreased on July 3rd. The values have fallen for the third consecutive day for the U.S. dollar and for the second consecutive day for the euro.

On Wednesday, the dollar opened at a rate of 350 pesos, marking a decrease of three pesos compared to the previous day.

In the case of the euro, for the second day in a row, it has decreased by five units, dropping from 365 to 360 CUP, indicating that its rate of decline is surpassing that of the dollar.

However, the decline in the value of both currencies remains far from the volatility experienced a few weeks ago, when fluctuations of 20 or even 30 pesos could occur in a single day.

The freely convertible currency (MLC), for its part, remains stable at 305 CUP, a price it has held for several days.

Exchange rate today 03/07/2024 - 7:16 a.m. in Cuba:

Exchange rate of the dollar (USD) to CUP according to elTOQUE: 350 CUP.

Exchange rate of the euro EUR to CUP according to elTOQUE: 360 CUP.

Exchange rate of MLC to CUP according to TOQUE: 305 CUP.

The informal exchange rate for Cuba provided here is not officially recognized or supported by any financial or governmental entity.

Equivalents of each available euro and US dollar bill to Cuban pesos (CUP).

United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates for this Wednesday, July 3rd.

1 USD: 350 CUP.

5 USD: 1,750 CUP.

10 USD: 3,500 CUP.

20 USD: 7,000 CUP.

50 USD: 17,500 CUP.

100 USD: 35,000 CUP.

Euros (EUR)

1 EUR: 360 CUP.

5 EUR: 1,800 CUP.

10 EUR: 3,600 CUP.

20 EUR: 7,200 CUP.

50 EUR: 18,000 CUP.

100 EUR: 36,000 CUP.

Despite the decline in the value of two out of the three reference currencies in the Cuban informal market, recent days have seen a relative stability in price behavior, at least when compared to the fluctuations observed in the second half of May and the first half of June, which experienced abrupt increases and decreases within just a few hours.

COMMENT

Filed under: