This Sunday, the US dollar (USD) is trading at 328 Cuban pesos (CUP), reflecting high demand and a shortage of foreign currency on the island.
For its part, the euro (EUR) surpasses the dollar with an exchange rate of 340 CUP, establishing itself as the highest-valued currency in the parallel market.
The currency that stands out today is the Convertible Currency (MLC), used in state stores, which increased its rate by five pesos compared to the previous day. It is trading at 270 CUP.
These figures highlight the economic uncertainty and the difficulties in accessing foreign currencies, which are essential for many transactions in the country.
The persistent devaluation of the Cuban peso and the fluctuation of these rates create uncertainty for a population that relies on this market to meet basic needs.
Exchange rate today 08/12/2024 - 8:32 am 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: 340 CUP.
Exchange rate of the MLC to CUP according to TOQUE: 270 CUP.
List of available banknotes in dollars and euros in Cuban pesos:
Dollars (USD):
- 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.
Euros (EUR):
- 1 EUR = 340 CUP.
- 5 EUR = 1,700 CUP.
- 10 EUR = 3,400 CUP.
- 20 EUR = 6,800 CUP.
- 50 EUR = 17,000 CUP.
- 100 EUR = 34,000 CUP.
Frequently Asked Questions about Currency Quotation in Cuba
What is the current value of the dollar in Cuba's informal market?
The US dollar (USD) is trading at 328 Cuban pesos (CUP) in the informal currency market in Cuba, reflecting the high demand and scarcity of foreign currency on the island.
What is the exchange rate for the euro in the Cuban black market?
The euro (EUR) is trading at 340 CUP in the parallel market, surpassing the dollar and establishing itself as the most valuable currency in the Cuban informal market.
What is the Freely Convertible Currency (MLC) and what is its current value?
The Freely Convertible Currency (MLC) is a digital currency used in state-run stores in Cuba. It is currently valued at 270 CUP, having increased by five pesos compared to the previous day.
Why is there such a high demand for foreign currency in Cuba?
Foreign currency is essential for many transactions in Cuba due to economic uncertainty and the scarcity of foreign money. The Cuban peso continues to devalue, creating unease among the population that relies on the informal market to meet basic needs.
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