The price of the dollar in Cuba continues to trend in the informal market, with an exchange rate of 340 Cuban pesos for each US dollar.
This value reflects the high demand for foreign currencies in a context of economic scarcity and currency restrictions. The exchange rate of the dollar, essential for many transactions in the country, continues to be a barometer of the financial reality on the island.
On its part, the price of the euro in Cuba remains similar to the dollar, with a rate of 340 Cuban pesos for each euro.
The parity between both foreign currencies on the island indicates a relative stability in the behavior of the black market, although fluctuations depend on the availability and the needs of consumers.
Finally, the MLC (Freely Convertible Currency) is trading at 240 Cuban pesos, establishing itself as the most affordable option among the major currencies. This exchange rate reflects a lower demand compared to the dollar and the euro, although it remains crucial for purchases in state-run stores.
Exchange Rate Evolution
Exchange rate in Cuba, Tuesday, January 28, 2025 - 07:00
Exchange rate of the Dollar (USD) to Cuban pesos (CUP): 340 CUP
Exchange rate of the Euro (EUR) to Cuban pesos (CUP): 340 CUP
Exchange rate from (MLC) to Cuban pesos CUP: 240 CUP
List of available banknotes and their equivalent in Cuban pesos:
Dollar (USD)
- $1 = 340 CUP
- $5 = 1,700 CUP
- $10 = 3,400 CUP
- $20 = 6,800 CUP
- $50 = 17,000 CUP
- $100 = 34,000 CUP
Euro (EUR)
- €1 = 340 CUP
- €5 = 1,700 CUP
- €10 = 3,400 CUP
- €20 = 6,800 CUP
- €50 = 17,000 CUP
- €100 = 34,000 CUP
Frequently asked questions about the exchange rate in Cuba's informal market
What is the current exchange rate of the dollar in the informal market in Cuba?
The exchange rate of the US dollar in Cuba's informal market is 340 Cuban pesos (CUP) for each dollar. This high rate reflects the strong demand for foreign currencies in a context of economic restrictions.
What is the exchange rate of the euro in Cuba on the black market?
The euro is trading in Cuba's informal market at 340 Cuban pesos (CUP) per euro. This parity with the dollar reflects a relative stability in the currency exchange market.
What is the freely convertible currency (MLC) and what is its value in Cuba?
The freely convertible currency (MLC) is a digital currency used in state-owned stores in Cuba. In the informal market, its value is 240 Cuban pesos (CUP), making it the most affordable option among the main currencies.
Why is the informal market so relevant for currency exchange in Cuba?
The informal market is crucial for acquiring foreign currency in Cuba due to the restrictions on access to official foreign currency and the high demand for foreign currencies, which are essential for many transactions in the country, especially in a context of inflation and scarcity.
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