Cuban informal market: Price of the dollar, euro, and MLC today

Foreign currencies in the Cuban informal market continue to command high prices as 2025 begins, reflecting the economic crisis and the devaluation of the peso.


In Cuba's informal currency exchange market, major foreign currencies continue to command high prices as 2025 begins.

The US dollar (USD) is trading at 305 Cuban pesos (CUP), while the euro (EUR) is reaching 310 CUP. Meanwhile, the MLC, a virtual currency used in foreign exchange stores in Cuba, remains at 250 CUP.

The black market continues to be the primary alternative for acquiring these currencies, given the scarcity of supply in official channels. These rates reflect the economic tensions and high demand for foreign currencies in a context of financial crisis affecting the island.

Currency exchange in Cuba reflects the inflation and devaluation of the Cuban peso, highlighting the challenges faced by the island's residents in accessing basic and imported goods.

Exchange rate today, Thursday, January 2, 2025 - 07:00 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 of MLC to CUP according to TOQUE: 250 CUP

Available bill equivalents:

Dollar (USD):

  • $1 = 305 CUP
  • $5 = 1,525 CUP
  • $10 = 3,050 CUP
  • $20 = 6,100 CUP
  • $50 = 15,250 CUP
  • $100 = 30,500 CUP

Euro (EUR):

  • €1 = 310 CUP
  • €5 = 1,550 CUP
  • €10 = 3,100 CUP
  • €20 equals 6,200 CUP
  • €50 = 15,500 CUP
  • €100 equals 31,000 CUP

Frequently Asked Questions about the Informal Currency Market in Cuba

What is the exchange rate of the dollar in Cuba's informal market today?

Today, January 2, 2025, the U.S. dollar (USD) is trading at 305 Cuban pesos (CUP) in the informal currency market in Cuba. This rate reflects the ongoing devaluation of the Cuban peso against foreign currencies and the high demand for foreign exchange on the island.

How is the euro currently being quoted in the Cuban informal market today?

The euro (EUR) today, January 2, 2025, is trading at 310 CUP in the Cuban informal market. This figure remains high due to the economic situation in Cuba, where the demand for this currency is substantial.

What is the Freely Convertible Currency (MLC) and what is its current exchange rate in Cuba?

The Freely Convertible Currency (MLC) is a virtual currency primarily used for making purchases in state-run shops in Cuba. As of today, January 2, 2025, it is trading at 250 CUP on the informal market. This currency is crucial for many Cubans who need to access basic goods that are not available in the national currency.

Why do Cubans turn to the informal currency market?

Cubans turn to the informal currency market due to the shortage of supply in official channels and the need to obtain foreign currencies to access basic goods and imports. Inflation and the devaluation of the Cuban peso make black market rates more appealing, although they reflect the economic crisis on the island.

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CiberCuba Editorial Team

A team of journalists dedicated to reporting on current events in Cuba and global interest topics. At CiberCuba, we strive to provide accurate news and critical analysis.