On November 29, 2024, the US dollar (USD) is quoted at 328 CUP, while its value was 326 CUP last Thursday, marking an increase of 2 CUP. This rise continues the upward trend of the greenback, driven by increasing demand.
For its part, the euro (EUR) also showed a slight increase, rising from 341 CUP yesterday to 343 CUP this Friday, solidifying its status as the most expensive currency in the Cuban market. This increase of 2 CUP reaffirms its position as a popular alternative for those seeking monetary stability in international transactions.
Regarding the MLC, the virtual currency used in state-owned stores, its exchange rate remained stable at 265 CUP, with no changes from the previous day. This could indicate lower volatility in its valuation against the Cuban peso.
The fluctuation of currencies reflects the economic pressure on the national currency, while Cubans face an uncertain scenario in accessing basic goods and saving in foreign currency.
Exchange rate today 11/29/2024 - 6:57 am in Cuba:
Exchange rate of the USD to CUP according to TOQUE: 328 CUP.
Exchange rate of the Euro EUR to CUP according to El TOQUE: 343 CUP
Exchange rate from MLC to CUP according to TOQUE: 265 CUP
Equivalent in Cuban pesos according to the available bills:
Dollar (USD):
- $1: 328 CUP
- $5: 1,640 CUP
- $10: 3,280 CUP
- $20: 6,560 CUP
- $50: 16,400 CUP
- $100: 32,800 CUP
Euro (EUR):
- €1: 343 CUP
- €5: 1,715 CUP
- €10: 3,430 CUP
- €20: 6,860 CUP
- €50: 17,150 CUP
- €100: 34,300 CUP
Frequently Asked Questions (FAQ) about Currency Exchange Rates in Cuba
Why have the prices of the dollar and the euro risen in the informal Cuban market? The increase in prices is due to the high demand for foreign currency amid the scarcity of Cuban pesos that have real value in the market. This is a result of inflation and a lack of confidence in the national currency, which drives many Cubans to seek refuge in stronger currencies like the dollar and the euro.
What does it mean that the MLC has not changed its exchange rate compared to yesterday? The stability of the MLC at 265 CUP may be due to its value being more controlled by the dynamics of the domestic market in state stores, where this currency is used. This could indicate lower demand or a temporary balance in its availability.
What impact does this fluctuation of currencies have on the daily lives of Cubans? Changes in currency exchange rates directly affect the prices of imported goods, raise the cost of access to basic necessities, and complicate saving. Additionally, those who rely on remittances or carry out transactions in foreign currencies face higher costs to meet their everyday needs.
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