Foreign currencies remain stable in the Cuban informal market.
At dawn this Sunday, the three reference currencies in informal trading on the island remain stable for the fourth consecutive day, according to reports the independent media elToque based on monitoring advertisements on social media.
The dollar remains at 340 CUP, a price it reached on January 11. The U.S. currency has now been stable for 15 days without significant changes.
Also without movement, the euro, after dropping suddenly by five units on Wednesday of this week, the European currency remains today at 340 CUP, the same as the dollar.
In the case of the Freely Convertible Currency (MLC), it remains valued at 240 CUP and has been at this value for 13 days now.
Exchange Rate Evolution
Exchange rate today 01/26/2025 - 10:36 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 340 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 340 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 240 CUP.
Overall, the three benchmark currencies have shown a tendency towards stability during this second half of January.
However, the recent arrival of Donald Trump to the presidency of the U.S. and the measures he may take regarding Cuba could impose changes very soon to the evolution and trend of the informal currency market on the island.
Regarding this, this week a false statement went viral on social media attributed to the Trump administration, announcing an alleged package of measures that included the suspension of remittances and direct commercial flights to Cuba.
It also included travel restrictions for Cubans residing in the U.S., and the deportation of Cuban citizens with deportation orders or ties to the repressive and ideological apparatus of the Cuban regime. Although in principle such a statement is false, the reality is that the tension regarding what might happen in the coming days remains.
Equivalences of each available euro and US dollar bill to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates on January 26:
1 USD: 340 CUP.
5 USD: 1,700 CUP.
10 USD: 3,400 CUP.
20 USD: 6,800 CUP.
50 USD: 17,000 CUP.
100 USD: 34,000 CUP.
Euro (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 the Informal Currency Market in Cuba
What is the current exchange rate of the dollar in the Cuban informal market?
The exchange rate of the US dollar remains at 340 CUP in the Cuban informal market, according to documentation by the independent media outlet elToque. This rate has remained stable for over two weeks.
What impact could Donald Trump's measures regarding Cuba have on the foreign exchange market?
The recent arrival of Donald Trump to the presidency of the U.S. could affect the currency market in Cuba. Although a viral statement about possible measures has been denied, the expectation of restrictions such as the suspension of remittances and commercial flights creates tension, which could lead to changes in exchange rates in the near future.
What is the current state of the euro and the MLC in the Cuban market?
The euro remains stable at 340 CUP, following a recent drop. The freely convertible currency (MLC) also maintains its value at 240 CUP, showing stability in recent days in the Cuban informal market.
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