What is the value of dollars, euros, and MLC today in Cuba?

How did the exchange rates start today in Cuba?

Current Affairs
CiberCuba Editorial Team

02/10/2024 - 7:51am (GMT-5) |

The three reference currencies in Cuba at dawn this Wednesday are having another day without changes.

At 7:00 a.m. (local time) on this October 2, the dollar remains valued at 320 CUP, the euro at 335, and the Convertible Currency (MLC) at 270.

The maximum and minimum values of these currencies tracked by elTOQUE in social media announcements reveal a wide price fluctuation, which in the case of the dollar ranges from 270 to 350; for the euro from 320 to 350, and for the MLC from 260 to 280 CUP.

Minimum and maximum values recorded by the currencies in advertisements.

However, those ranges are not reflected when establishing the median values for buying and selling the three reference currencies.

However, it is noteworthy that despite the dollar being priced at 320 CUP according to elTOQUE, the median selling value is at 323 pesos.

Median of buying and selling values of the three reference currencies in the Cuban informal market (elTOQUE)

Exchange rate today 02/10/2024 - 7:35 a.m. 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: 335 CUP.

Exchange rate of MLC to CUP according to the TOQUE: 270 CUP.

Although in recent weeks elTOQUE has not put forward hypotheses to explain the unusual stability of the currencies in Cuba, in an article published this Tuesday, the digital media reported that in some stores that accept freely convertible currency on the island, the purchase of products with cash in foreign currency is being allowed.

The source revealed that workers from the Cadena de Tiendas Caribe and Corporación Cimex S. A. reported that some commercial establishments already accept payments in dollars and euros, while others are preparing to start accepting cash payments in foreign currency.