The US dollar (USD) begins this Monday stable in the black currency market in Cuba, where it is traded at 320 CUP.
The euro also maintained its exchange value in the Cuban informal market at 1x 330 CUP. Meanwhile, the Free Convertible Currency (MLC) is being traded today at 275 CUP.
The three main currencies have been stable in the island's irregular market for more than three weeks.
Exchange rate today 02/09/2024 - 11:34 am in Cuba
Exchange rate of the Dollar USD to CUP according to elTOQUE: 320 CUP
Exchange rate of the Euro EUR to CUP according to elTOQUE: 330 CUP
Exchange rate of MLC to CUP according to TOQUE: 275 CUP
Dollars and euros bills according to today's exchange rate.
Dollars (USD) to CUP:
- 1 USD = 320 CUP
- 5 USD = 1,600 CUP
- 10 USD = 3,200 CUP
- 20 USD = 6,400 CUP
- 50 USD = 16,000 CUP
- 100 USD = 32,000 CUP
Euro (EUR) bills to CUP:
- 5 EUR = 1,650 CUP
- 10 EUR = 3,300 CUP
- 20 EUR = 6,600 CUP
- 50 EUR = 16,500 CUP
- 100 EUR = 33,000 CUP
Dollar price in Cuba: Stability in the informal market
The most demanded currencies in the Cuban informal market, such as the dollar, the euro, and the MLC, have maintained another day of stability, without the usual price fluctuations that typically characterized them.
Some might interpret this phenomenon as a sign that the devaluation of the Cuban peso has stopped. However, several economists disagree with this idea, arguing that many other circumstances are still needed to consider that the national currency has ceased to lose value against foreign currencies.
The MLC was the last of these currencies to experience fluctuations in its exchange rate. During August 8 and 9, its average selling price fell on two consecutive occasions. However, since August 10, it stabilized at 275 CUP.
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