The dollar today in Cuba, exchange rate with the Cuban peso. This is how the currency market is.

Today, September 29, 2024, the US dollar (USD) maintains its position in the informal Cuban market with an exchange rate of 320 Cuban pesos per 1 dollar (USD), according to a report from the independent site elTOQUE.

This value reflects the current situation of the informal currency market in Cuba, where the dollar remains one of the most traded currencies for the acquisition of essential products and services.

According to the information published by elTOQUE on its social media, the exchange rate was set at 7:00 AM, Cuba time, and remains at a competitive level compared to other currencies. In this context, 1 dollar is equivalent to 1.19 MLC (Freely Convertible Currency), a key value for purchases in stores that operate in MLC within the island.

Below is a table with the conversion of the most common dollar bills to Cuban pesos, based on the current rate of 1 USD = 320 CUP:

Bill (USD) Equivalent in Cuban pesos (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

Since early September 2024, the dollar has shown stability in the Cuban informal market, remaining around 320 CUP. The dollar experienced its first significant rise at the end of September, when it briefly rose from 320 to 322 CUP, although it quickly returned to its previous value. This increase was notable given that, since August 3, there had been no significant variations in the US currency.

The information reported by elToque confirms that this slight increase in the dollar was a temporary movement that did not establish a sustained trend in the market. Although the dollar has shown some stability in recent weeks, it remains a key currency in the Cuban informal economy, where many transactions are conducted in foreign currencies due to the scarcity of convertible pesos. More details on the situation of the dollar can be found in this article about the stability of the dollar.

Throughout the month, the dollar has been one of the most stable currencies in the country, remaining steady at 320 CUP, even when other currencies, such as the freely convertible currency (MLC), experienced declines. This stability reflects the strength of the dollar in the Cuban informal market, where many citizens rely on remittances and foreign currency income to cope with the economic crisis.

Despite this apparent stability, high prices and inflation continue to affect the purchasing power of Cubans. For more details on the behavior of the dollar during the month, consult the daily exchange rate comparison, which has tracked the fluctuations of the dollar in the Cuban informal market.