The freely convertible currency (MLC) has added another day of increase in the Cuban black market, reaching nearly two weeks of sustained and unprecedented price rise.
At 9:00 a.m. this Wednesday (local time), the MLC is selling on average in Cuba for 285 CUP, two pesos more than the previous day.
The figure narrows the gap with the values of the euro and the dollar, consolidating the trend of increases that the virtual currency started on February 14 after remaining at 245 CUP for many weeks.
The dollar, for its part, remains today at 340 CUP. It has not changed in over a month and a half.
There are also no changes for the euro, the European currency remains priced at 345 CUP, just five pesos above the dollar.
Exchange Rate Evolution
Exchange rate today 02/27/2025 - 9:03 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: 345 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 285 CUP.
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 of this February 27:
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 price of the MLC in the Cuban market?
The Freely Convertible Currency (MLC) is sold at 285 CUP in the Cuban black market. This value reflects a significant increase after nearly two weeks of sustained rises from 245 CUP.
What is the exchange rate for the dollar in Cuba today?
The US dollar has remained at 340 CUP for over a month and a half, demonstrating stability in its exchange rate in the Cuban informal market.
What is the value of the euro in the Cuban market currently?
The euro is quoted at 345 CUP, just five pesos above the dollar, remaining stable in recent weeks.
Why is the foreign exchange market in Cuba so unstable?
The instability in the foreign exchange market in Cuba is due to the economic crisis the country is experiencing, characterized by high inflation and a shortage of foreign currency, which drives the population to turn to the black market to meet their basic needs.
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