The euro strengthens this Monday, for the second consecutive day, registering a price increase in the informal Cuban market rising from 343 to 345, two pesos more compared to the value it reached the previous day, when it rose another three pesos after several weeks at 340 CUP.
The slight increase is generating expectations among buyers and sellers of the European currency in the country, who are cautiously watching the evolution of the informal market.
Until a few days ago, the euro had remained stable for an extended period, reflecting the same exchange rate as the dollar.
In the case of the dollar, it remains valued at 340 CUP.
The Freely Convertible Currency (MLC) remains valued at 240 CUP.
Exchange Rate Evolution
Exchange rate today 10/02/2025 - 7:29 p.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: 345 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 240 CUP.
The rise of the European currency could be linked to various economic factors, such as the announced opening of 50 new stores in foreign currency, which may be generating increased interest in acquiring that foreign currency.
Equivalents 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 February 10th:
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 = 345 CUP.
5 EUR = 1.725 CUP.
10 EUR = 3,450 CUP.
20 EUR = 6,900 CUP.
50 EUR = 17,250 CUP.
100 EUR = 34,500 CUP.
Frequently Asked Questions about the Foreign Exchange Market in Cuba
What is the current value of the euro in the Cuban informal market?
The euro is currently priced at 345 CUP in the Cuban informal market. This value has shown a slight increase in recent days, generating interest among buyers and sellers.
Why has the price of the euro risen in Cuba?
The rise of the euro may be linked to the opening of 50 new currency exchange shops in Cuba, which has increased the demand for this currency. Additionally, economic and commercial factors may be influencing this surge.
What is the current exchange rate of the dollar in Cuba's informal market?
The dollar is valued at 340 CUP in the Cuban informal market. This figure reflects the ongoing demand for the U.S. currency in the country.
How does the economic situation in Cuba affect the informal currency market?
The economic crisis in Cuba, characterized by inflation and a shortage of foreign currency, significantly impacts the informal currency market. The high demand for dollars and euros is due to the need to conduct transactions in stores where the Convertible Foreign Currency has less acceptance. Furthermore, the recent opening of exclusive stores for payments in foreign currencies has increased the demand for these currencies.
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