Euro exchange rate today in Cuba
The Euro is trading at 335 CUP in the Cuban informal market today, September 29.
Today, September 29, 2024, the euro continues to strengthen in the Cuban informal market, reaching an exchange rate of 335 Cuban pesos for 1 euro (EUR), according to the report from the independent site elTOQUE. This figure reflects the current trend of euro appreciation in the informal currency market in Cuba, where fluctuations have been frequent in recent months.
Impact of the euro on the Cuban informal market
According to the graph published by elTOQUE on its social media, this current rate was established at 7:00 AM, Cuba time. The information provided indicates that 1 euro is equivalent to 1.24 MLC (Freely Convertible Currency), which also reflects the impact on digital transactions within the Cuban economic system.
Below is a table with the conversion of the most common euro banknotes to Cuban pesos, based on the current rate of 1 EUR = 335 CUP:
Bill (EUR) Equivalent in Cuban pesos (CUP)
- 1 EUR - 335 CUP
- 5 EUR - 1,675 CUP
- 10 EUR - 3,350 CUP
- 20 EUR - 6,700 CUP
- 50 EUR - 16,750 CUP
- 100 EUR - 33,500 CUP
Stability and fluctuations of the euro in Cuba
The euro has been one of the most sought-after currencies in the Cuban informal market due to its stability and preference among citizens for making purchases and transactions. This also responds to the restrictions and difficulties that Cubans face in accessing other currencies in the official market.
Since the beginning of September 2024, the euro has shown stability in the informal Cuban market, remaining around 330 CUP. The European currency experienced its first significant increase at the end of September, when it rose from 330 to 335 CUP, after more than seven weeks without changes. This rise was notable given that, since August 5, there had been no significant variations in the European currency. The information reported by elToque confirms that this upward trend coincided with a slight increase in the dollar, reflecting the fluctuations that characterize the black market in Cuba.
Conclusion
Despite the fact that the euro has shown some stability in recent weeks, it continues to be a key currency in the Cuban economic crisis, where many citizens depend on these foreign currencies to survive. More details about the euro can be found in this article on euro stability.
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