This Thursday, the main currencies in Cuba opened without changes in their average value in informal buying and selling on the island.
For the second consecutive day, the independent outlet elTOQUE has not reported any developments on that topic in its daily update.
After a Tuesday during which the dollar saw a slight increase in price, the currencies remain stable for the time being.
The US dollar is still valued at 328 pesos, the euro at 345 CUP, and the Convertible Currency (MLC) at 265.
Exchange rate today 11/14/2024 - 11:24 a.m. in Cuba:
Exchange rate of the USD to CUP according to elTOQUE: 328 CUP.
Exchange rate of the Euro (EUR) to CUP according to TOQUE: 345 CUP.
Exchange rate of MLC to CUP according to TOQUE: 265 CUP.
The median values published today by elTOQUE do not suggest that there will be significant movements in the values over the next few hours.
Equivalents of each available Euro and US dollar bill to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to exchange rates on this November 14:
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 described the innovative application of artificial intelligence techniques and natural language processing (NLP) to calculate the Representative Rate of the Informal Market (TRMI), as reported by elTOQUE on its website.
This recognition highlighted the work of that outlet, which in recent years has been constantly besieged by the Cuban regime, determined to discredit its algorithms and analyses on the grounds that they are speculative and do not reflect reality.
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