The price of the dollar in Cuba remains at 340 CUP in the informal market, reflecting the ongoing devaluation of the Cuban peso against the US dollar.
The values of foreign currencies in Cuba demonstrate the growing dependence of the population on the currency exchange in the Cuban black market, as access to the dollar through legal channels remains limited due to the country's financial restrictions.
On its part, the euro is also at 340 CUP today. This parity with the dollar reflects the impact of volatility on the Cuban economy, where the demand for foreign currency is rising to cover basic needs.
Meanwhile, the MLC (Freely Convertible Currency) maintains a value of 240 CUP, with a relatively stable position compared to strong currencies, although it continues to be affected by the fluctuations of the black market in Cuba and the lack of state supply to acquire products with this currency.
Exchange rate in Cuba, Sunday, February 2, 2025 - 06:00
Exchange rate of the Dollar (USD) to Cuban pesos (CUP): 340 CUP
Exchange Rate Evolution
Exchange rate of the Euro (EUR) to Cuban pesos (CUP): 340 CUP
Exchange rate from (MLC) to Cuban pesos CUP: 240 CUP
Equivalence in CUP for common dollar and euro bills
Dollar (USD)
- 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)
- 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
- 200 EUR = 68,000 CUP
- 500 EUR = 170,000 CUP
Frequently Asked Questions about the Foreign Exchange Market in Cuba
What is the price of the dollar in Cuba's informal market?
The price of the dollar in Cuba remains at 340 Cuban pesos (CUP) in the informal market, reflecting a high demand and the devaluation of the Cuban peso.
What is the exchange rate for the euro in the Cuban black market?
The euro is also traded at 340 CUP in the Cuban black market, reflecting a parity with the dollar due to the country's economic instability.
What is the value of the MLC in Cuba's informal market?
The freely convertible currency (MLC) is trading at 240 CUP, showing some stability, although it is still affected by the lack of state supply.
Why is the informal market the primary reference for currency exchange in Cuba?
The informal market is the main reference point because access to foreign currency through official channels is limited due to the country's financial restrictions, forcing the population to turn to the black market to meet their needs.
How does the black market exchange rate affect purchasing power in Cuba?
The high exchange rate in the black market affects purchasing power because prices in Cuban pesos reach unsustainable levels, making it difficult for the population to access basic and imported goods.
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