Trends in currency exchange in the Cuban informal market for this Tuesday

What has been the evolution of the three reference currencies in Cuba in recent hours?

Current Affairs
By the Editorial Team of CiberCuba

Tuesday, December 17, 2024 - 08:48

For the second consecutive day, and following a week marked by declines in the prices of the dollar and euro, foreign currencies once again begin this Tuesday without any changes in the Cuban informal market.

The dollar, which decreased from 328 to 325 last week, remains at 325 today, a value it reached on December 14th.

The euro is also holding steady at 335 CUP, following the sudden drop of five pesos that occurred on Sunday.

In the case of the Freely Convertible Currency (MLC), its average selling price remains at 270 pesos, a value that has been maintained with slight fluctuations for several weeks.

The median values of currency transactions in recent hours show very little movement, suggesting that the trend in the coming hours will likely be one of stability.

Median values of buying and selling for the three reference currencies in the Cuban informal marketelToqueIt seems the text you want me to translate is missing. Please provide the text you'd like translated, and I'll be happy to help!

While the decline in the value of the U.S. and European currencies in the informal Cuban market in recent days has raised expectations about whether this is a temporary adjustment or a new trend, there are currently no new indications of imminent changes in the values.

The reality is that Cubans continue to struggle with the inadequacy of their wages to cope with the high cost of living on the island, a situation that worsens with the approach of year-end celebrations and the rising prices of many food items.