Today, January 1, 2025, the U.S. dollar (USD) is trading at 305 Cuban pesos (CUP), which is one peso more than the previous day.
The euro (EUR) reaches 310 CUP, establishing itself as the strongest currency in the informal market. Meanwhile, the Freely Convertible Currency (MLC), used for purchases in state stores, is valued at 250 CUP.
These prices reflect the economic crisis in Cuba, where the demand for foreign currency continues to rise due to inflation and the devaluation of the Cuban peso.
The situation also highlights the difficulties many Cubans face in accessing these currencies through official channels, forcing them to turn to the black market, as foreign currencies are essential for meeting basic needs in the country.
Exchange rate today, Wednesday, January 1, 2025 - 06:51 in Cuba:
Exchange rate of the USD to CUP according to elTOQUE: 305 CUP
Exchange rate of the Euro (EUR) to CUP according to elTOQUE: 310 CUP
Exchange rate from MLC to CUP according to TOQUE: 250 CUP
List of available banknotes and their equivalence in Cuban pesos (CUP):
United States Dollar (USD):
- 1 USD: 305 CUP
- 5 USD: 1,525 CUP
- 10 USD: 3,050 CUP
- 20 USD: 6,100 CUP
- 50 USD: 15,250 CUP
- 100 USD: 30,500 CUP
Euro (EUR):
- 1 EUR: 310 CUP
- 5 EUR: 1,550 CUP
- 10 EUR: 3,100 CUP
- 20 EUR: 6,200 CUP
- 50 EUR: 15,500 CUP
- 100 EUR: 31,000 CUP
Frequently Asked Questions about Currency Exchange Rates in Cuba
What is the price of the dollar in Cuba today?
Today, January 1, 2025, the US dollar (USD) is trading at 305 Cuban pesos (CUP) in the informal market, reflecting the ongoing economic crisis on the island.
What is the exchange rate of the euro on the Cuban informal market?
The euro (EUR) is trading at 310 CUP, solidifying its position as the strongest currency in Cuba's 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. Currently, it is valued at 250 CUP, serving as an alternative for purchasing certain essential products in the country.
Why is there such high demand for foreign currency in Cuba?
Foreign currencies are essential for many transactions in Cuba due to economic uncertainty and the scarcity of foreign money. The constant devaluation of the Cuban peso forces citizens to turn to the informal market to meet basic needs.
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