The US dollar (USD) recorded a new increase in the informal market, reaching 310 Cuban pesos (CUP) per unit.
This increase represents a rise of five pesos compared to the previous day, solidifying its position as one of the most sought-after currencies on the island, both for informal trade and personal transactions.
For its part, the euro (EUR) is trading today at 315 CUP, maintaining its stable trend compared to previous days. The European currency continues to be a strong option, especially for transactions related to imports and travel.
Regarding the Freely Convertible Currency (MLC), its current price is 250 CUP, reflecting a slight stability in recent days.
These figures highlight the complex dynamics of the currency market in Cuba, where foreign currencies remain essential in a challenging economic context.
Evolution of the exchange rate over time
Exchange rate today, Friday, January 3, 2025 - 06:33 in Cuba:
Exchange rate of the USD to CUP according toelTOQUE310 CUP
Exchange rate of the Euro EUR to CUP according to elTOQUE: 315 CUP
Exchange rate of MLC to CUP according to TOQUE: 250 CUP
Currency exchange for dollars and euros:
Dollars (USD):
- $1 equals 310 CUP
- $5 = 1,550 CUP
- $10 = 3,100 CUP
- $20 = 6,200 CUP
- $50 = 15,500 CUP
- $100 = 31,000 CUP
Euros (EUR):
- €1 = 315 CUP
- €5 = 1,575 CUP
- €10 is equal to 3,150 CUP
- €20 = 6,300 CUP
- €50 is equal to 15,750 CUP
- €100 = 31,500 CUP
Frequently Asked Questions about the Increase in the Price of the Dollar in Cuba
What is the price of the dollar in Cuba's informal market today?
The US dollar (USD) is trading at 310 Cuban pesos (CUP) in the informal market in Cuba. This price reflects an increase of five pesos compared to the previous day, highlighting the high demand for this currency on the island.
How has the price of the euro in Cuba changed recently?
The euro is trading at 315 CUP in the informal market in Cuba, maintaining a stable trend compared to previous days. This stability contrasts with the fluctuations observed in previous months, when the euro reached a value of 345 CUP.
Why are exchange rates in Cuba so volatile?
The volatility of exchange rates in Cuba is attributed to the economic crisis, inflation, and the scarcity of foreign currency in the official market. These factors force the population to turn to the informal market, where high demand and a lack of confidence in the Cuban peso lead to constant fluctuations in foreign currency prices.
What is the freely convertible currency (MLC) and what is its current value in the informal Cuban market?
The Freely Convertible Currency (MLC) is a virtual currency used in currency exchange stores in Cuba, and its current value is 250 CUP in the informal market. This currency has maintained some stability in recent days despite the economic crisis on the island.
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