Informal currency market in Cuba: What are the rates for dollars, euros, and MLC today?

How have dollars, euros, and MLC evolved in the Cuban black market over the last 24 hours?

Current Affairs
CiberCuba Editorial Team

11/11/2024 - 11:34am (GMT-5) |

The three reference currencies in the informal Cuban market have been stable this Friday for a week, with no increases or decreases in the average street sales.

Since November 4th, when the prices of dollars and euros increased, the exchange rates have not undergone any further changes.

The stability of the currency contrasts sharply with the absolute instability in the country, which has been shaken by a series of unfortunate events: the impact of two hurricanes, two disconnections from the National Electric System (SEN), and two earthquakes that occurred this very Sunday.

Perhaps due to these major events, which have hindered access to electricity and communications in general, there is no reaction from the currency to the always complicated daily context in Cuba.

It is important to note that price fluctuations are documented by the independent media outlet elTOQUE based on classified ads for buying and selling on social media for the three reference currencies on the island.

At dawn on this Monday, the euro was still at 345 CUP and the dollar at 327.

In the case of the Freely Convertible Currency, it remains at 265 CUP.

Exchange rate today 11/11/2024 - 11:33 a.m. in Cuba:

Exchange rate of the USD to CUP according to elTOQUE: 327 CUP.

Exchange rate of the Euro EUR to CUP according to elTOQUE: 345 CUP.

Exchange rate of the MLC to CUP according to TOQUE: 265 CUP.

However, the median values published by elTOQUE indicate an increase in the sale of the dollar to 330 CUP, which could materialize in the coming hours with a further rise in the informal value of the U.S. currency.