Currency exchange in Cuba: What are the current rates for dollars, euros, and MLC today?

We inform you about the recent developments in Cuba's informal currency exchange market in the last few hours.

Current Affairs
CiberCuba Editorial Team

13/11/2024 - 12:12pm (GMT-5) |

The three reference currencies in the Cuban informal market opened this Wednesday with no changes in their buying and selling values.

Following a Tuesday where the dollar saw a slight increase in value, on November 13, the exchange rates remain stable.

The US dollar is still valued at 328 pesos, the euro at 345 CUP, and the Convertible Currency (MLC) at 265.

Exchange rate today 11/13/2024 - 12:07 p.m. in Cuba:

Exchange rate of the USD to CUP according to TOQUE: 328 CUP.

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

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

The median values published by elTOQUE show a decrease in the dollar's sales, which was at 330 yesterday and has dropped to 328 CUP today.

The average purchase in MLC also decreases, now to 260 CUP.

Median of purchase and sale values in the Cuban informal market

Equivalences of each available bill in euros and US dollars to Cuban pesos (CUP)

United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of November 13:

1 USD = 328 CUP.

5 USD = 1,640 CUP.

10 USD = 3,280 CUP.

20 USD = 6,560 CUP.

50 USD = 16,400 CUP.

100 USD = 32,800 CUP.

Euro (EUR):

1 EUR: 345 CUP.

5 EUR = 1.725 CUP.

10 EUR = 3,450 CUP.

20 EUR = 6,900 CUP.

50 EUR = 17,250 CUP.

100 EUR = 34,500 CUP.

The prestigious academic journal Applied Economics, known for validating innovative contributions and practical applications in economics worldwide, recently endorsed the methodology used by elTOQUE to calculate the exchange rate in Cuba's informal currency market.

The article "Using AI in the Informal Currency Market: Evidence from Cuba" was published in October 2024 and describes the innovative use of artificial intelligence and natural language processing (NLP) techniques to calculate the Informal Market Representative Rate (IMRR), reported elTOQUE on its website.

This recognition highlights the importance of the platform's work, which in recent years has been persistently targeted by the Cuban regime, intent on discrediting its algorithms and analyses by arguing that they are speculative and do not reflect reality.