The informal currency market in Cuba begins the week unchanged compared to the previous day.
At dawn this Monday, the dollar remains at 345 CUP, the price it reached this weekend.
In the case of the Freely Convertible Currency (MLC), which experienced several increases during February, it currently remains at 285 CUP.
No changes for the euro either. The European currency has remained stable for several weeks without any price movement in the informal market. It is still valued at 345 CUP, the same value currently held by the dollar.
However, the median value over the last 24 hours shows a rise to 347 CUP in the sale of the European currency, according to the monitoring conducted by elToque on the evolution of currencies in buy and sell advertisements.
Exchange Rate Evolution
Such a median value for the euro could be an indication that the European currency may rise in the coming hours or days.
Exchange rate today 03/03/2025 - 9:40 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 345 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 345 CUP.
Tasa de cambio from MLC to CUP according to elTOQUE: 285 CUP.
The volatility of exchange rates on the island leads many Cubans to closely monitor the developments in the informal market, in search of strategies to protect their purchasing power against the devaluation of the CUP.
Equivalencies 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 as of March 3rd:
Dollar (USD):
1 USD = 345 CUP.
5 USD = 1,725 CUP.
10 USD = 3,450 CUP.
20 USD = 6,900 CUP.
50 USD = 17,250 CUP.
100 USD = 34,500 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 Currency Exchange Rate in Cuba
What is the current price of the dollar in Cuba's informal market?
The current price of the dollar in the informal market of Cuba is 345 CUP. This rate has remained stable over the past few days, without significant changes, reflecting a certain momentary stability in the country's foreign exchange market.
How is the euro quoted in the informal Cuban market?
The euro is currently trading at 345 CUP in the Cuban informal market. While it has shown stability in recent weeks, there are indications that it may rise in the coming days, according to the monitoring by elToque.
What is the value of the Freely Convertible Currency (MLC) in the informal market in Cuba?
The value of the Convertible Currency (MLC) in the informal market of Cuba is 285 CUP. It has experienced several increases during February, which has narrowed the gap with the dollar and the euro.
What factors influence the volatility of exchange rates in Cuba?
The volatility of exchange rates in Cuba is influenced by various factors, such as citizens' perceptions of the economy, the availability of foreign currency, and external events like the arrival of remittances or announcements of changes in the country's economic policy. This causes many Cubans to closely monitor the evolution of the informal market to protect their purchasing power against the depreciation of the CUP.
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