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The price of currencies in the informal Cuban market continues to show a downward trend, confirmed this Wednesday with a new drop in the dollar and the euro.
At 7:00 a.m. (local time) on July 17th, the dollar is pegged at 310 CUP. The figure represents a decrease of four pesos compared to the previous day.
Even stronger is the decline of the euro, which in the last 24 hours dropped from 330 to 320 CUP.
Only the Freely Convertible Currency (MLC) remains unchanged this Wednesday, with an average selling price in the informal market of 280 CUP.
Since July 8th, the Cuban government imposed a price cap on six basic high-demand products through a resolution published in the Official Gazette, foreign currencies have maintained a downward trend in the informal market, although moderate.
In the last nine days, the dollar has dropped from 340 to 310 CUP, while the euro has fallen from 350 to 320 CUP. Both the US and European currencies have experienced a 30-peso drop in nine days.
The fall of the Freely Convertible Currency has been of 15 pesos, from 295 to 280 CUP.
For months, the Cuban government has not made any statements regarding the fluctuations in the prices of currencies in the informal market, besides occasional attacks against the independent media outlet "elToque" for reporting on the movements of the three reference currencies in street-level buying and selling.
Exchange rate today 17/07/2024 - 13:20 a.m. in Cuba:
Exchange rate of the US dollar USD to CUP according to ELTOQUE: 310 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 320 CUP.
Exchange rate of the MLC to CUP according to elTOQUE: 280 CUP.
The informal exchange rate of Cuba offered here is not officially recognized or endorsed 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 17th.
1 USD = 310 CUP.
5 USD = 1,550 CUP.
10 USD = 3,100 CUP.
20 USD = 6,200 CUP.
50 USD = 15,500 CUP.
100 USD = 31,000 CUP.
Euros (EUR)
1 EUR equals 320 CUP.
5 EUR = 1,600 CUP.
10 EUR = 3,200 CUP.
20 EUR = 6,400 CUP.
50 EUR = 16,000 CUP.
100 EUR = 32,000 CUP.
What do you think?
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