On Monday, December 2, 2024, the exchange rates in Cuba's informal market show values similar to those reported the previous day, although there are variations in the European currency.
According to updated data from elTOQUE, the dollar (USD) remains at 328 Cuban pesos (CUP), while the euro (EUR) has reached 340 CUP, a decrease compared to the 342 CUP on December 1.
The freely convertible currency (MLC), used in state stores, remains stable at 265 CUP.
The Cuban peso continues to weaken against foreign currencies, reflecting the country's severe economic crisis.
These rates, although informal, reflect the reality of a market that regulates the daily lives of Cubans, who are forced to seek dollars, euros, or MLC to access basic goods and services. The constant fluctuations underscore the lack of financial stability on the island.
Exchange rate today 02/12/2024 - 8:23 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 TOQUE: 340 CUP
Exchange rate of MLC to CUP according to TOQUE: 265 CUP
Equivalent banknotes in Cuban pesos:
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 = 340 CUP
- €5 = 1,700 CUP
- €10 = 3,400 CUP
- €20 = 6,800 CUP
- €50 = 17,000 CUP
- €100 = 34,000 CUP
Frequently Asked Questions About Exchange Rates in Cuba's Black Market
What is the exchange rate of the dollar in Cuba's black market today?
The exchange rate of the dollar (USD) in Cuba's black market today is 328 Cuban pesos (CUP). This figure reflects the ongoing devaluation of the Cuban peso against foreign currencies and serves as an important reference for Cubans seeking to access basic goods and services.
How has the value of the euro fluctuated in the informal Cuban market recently?
The value of the euro (EUR) in the Cuban informal market has shown slight fluctuations. It is currently trading at 340 CUP, down from 342 CUP the previous day. This volatility is common in the black market due to the lack of financial stability in Cuba.
What is the price of the freely convertible currency (MLC) on the black market today?
The freely convertible currency (MLC) remains stable at 265 CUP. This currency is primarily used in state-run stores in Cuba, and its relative stability reflects the current state of the informal foreign exchange market on the island.
Why are the exchange rates in the black market so important for Cubans?
The exchange rates in the black market are crucial as they regulate the daily lives of Cubans. Due to the economic crisis and the scarcity of basic goods, many Cubans rely on the informal market to obtain the foreign currency needed to access essential goods and services. The volatility of these rates reflects the lack of financial stability in the country.
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