On this Monday, the exchange rates of currencies in the informal market in Cuba show a slight movement, with a price drop in one of the three most traded currencies in the country.
It is about the Freely Convertible Currency (MLC) which this Monday is being traded at 273 CUP, meaning it is two pesos less than on the previous day.
The movement is slight, but it breaks the stability that the informal foreign exchange market in Cuba had maintained for more than a month.
The US dollar (USD) continues to be traded at 320 CUP, and the European currency (EUR) remains at 330 CUP, making it the most valuable currency on the island for several weeks now.
Exchange rate today 09/09/2024 - 6:43 am in Cuba:
Exchange rate of the Dollar USD to CUP according to TOQUE: 320 CUP
Exchange rate of the Euro EUR to CUP according to ELTOQUE: 330 CUP
Exchange rate of MLC to CUP according to TOQUE: 273 CUP
Breakdown of the most common ticket prices for dollar and euro in CUP:
Dollar bills (USD):
- 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 banknotes (EUR):
- 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
Since early August, the exchange rates for the dollar and the euro have remained stable at 320 CUP and 330 CUP, respectively, according to market monitoring by elTOQUE.
The Freely Convertible Currency (MLC) was the last to record changes, being set at 275 CUP since August 9. This recent stability contrasts with the significant fluctuations of the first seven months of 2024, marked by abrupt rises and falls in currency prices.
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