The exchange rate in Cuba's informal market, according to El Toque, reflects a day of stability for the US dollar (USD) and the freely convertible currency (MLC), with values remaining at 325 CUP and 265 CUP, respectively. Meanwhile, the euro shows a slight decline today, settling back at 340 CUP after a series of minor fluctuations in previous days.
Since October 22, the dollar and the MLC have shown strong stability, remaining unchanged at 325 and 265 CUP, respectively. This trend, within a context of an energy crisis that has slowed down economic transactions, indicates that the demand for foreign currency remains steady on the island. However, the euro has experienced slight fluctuations: after reaching 345 CUP on October 28, it adjusted to 342.5 CUP on October 29 and is now returning to 340 CUP.
Equivalence in Cuban pesos for bills in USD and EUR.
The current exchange rates for the main denominations of banknotes in USD and EUR are as follows:
United States Dollar (USD):
- 1 USD bill = 325 CUP
- 5 USD bill = 1,625 CUP
- 10 USD bill = 3,250 CUP
- 20 USD bill = 6,500 CUP
- 50 USD bill = 16,250 CUP
- 100 USD bill = 32,500 CUP
Euro (EUR):
- 5 EUR bill = 1,700 CUP
- 10 EUR bill = 3,400 CUP
- 20 EUR bill = 6,800 CUP
- 50 EUR bill = 17,000 CUP
- 100 EUR bill = 34,000 CUP
Despite the economic crisis and persistent inflation, the values of the dollar and the MLC in the informal market show stability, while the euro continues to undergo minor adjustments.
The evolution of the exchange rate for the euro, dollar, and freely convertible currency (MLC) in the Cuban informal market has recently shown a trend of stability, with values fluctuating little over the past few weeks. On October 22, the dollar was quoted at 325 Cuban pesos (CUP), the euro at 340 CUP, and the MLC at 265 CUP, according to informal monitoring data such as elTOQUE. The dollar and euro values have remained unchanged until October 27, when similar values were recorded: 325 CUP for the dollar and 340 CUP for the euro. The MLC, on the other hand, has stayed at 265 CUP since October 9, when it experienced a decline of five pesos.
At the end of October, the euro experienced a slight dip, falling from 345 to 342.5 CUP. This limited fluctuation reflects a general stabilization in the informal market, although the economic context and the situations of shortages and blackouts have added uncertainty regarding the value of these currencies. This relative stability in the exchange rates of foreign currencies contrasts with the internal inflation of basic goods, indicating that, despite the volatility of the Cuban economy, the values of currencies in the informal market have maintained a temporary stability in recent weeks.
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