The euro has made a comeback in the informal Cuban market in recent hours. By dawn on Tuesday, the European currency is valued at 348 CUP, three pesos more than its value since February 10.
The dollar remains at 345 CUP, a price it reached last weekend.
In the case of the Freely Convertible Currency (MLC), which saw several increases during February, it currently remains at 285 CUP.
Exchange rate today 04/03/2025 - 8:19 a.m. in Cuba:
Dollar exchange rate USD to CUP according to elTOQUE: 345 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 348 CUP.
Exchange Rate Evolution
Exchange rate from MLC to CUP according to elTOQUE: 285 CUP.
The volatility of exchange rates in Cuba means that many residents on the island closely monitor the evolution of the informal market, in search of strategies to protect their purchasing power against the devaluation of the CUP.
Equivalencias de cada billete disponible de euros y dólares estadounidenses a pesos cubanos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this March 4th:
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 = 348 CUP.
5 EUR = 1,740 CUP.
10 EUR = 3,480 CUP.
20 EUR = 6,960 CUP.
50 EUR = 17,400 CUP.
100 EUR = 34,800 CUP.
Frequently Asked Questions about the Foreign Exchange Market in Cuba
What is the exchange rate for the euro in the Cuban informal market?
The euro is at 348 CUP in the Cuban informal market, showing a recent increase against the CUP. This reflects the ongoing volatility and the search for strong currencies by Cubans to protect their purchasing power.
What is the value of the dollar in the informal market in Cuba?
The dollar is trading at 345 CUP in the Cuban informal market. This value has remained stable following a slight recent increase, highlighting the economic uncertainty on the island.
What is the Freely Convertible Currency (MLC) and its current value in Cuba?
The Freely Convertible Currency (MLC) is a virtual currency used in certain stores in Cuba for transactions in foreign currencies. Currently, the MLC is at 285 CUP in the informal market, having undergone several increases during the month of February.
¿Por qué es importante seguir la evolución del mercado informal de divisas en Cuba?
In a context of CUP devaluation and economic constraints, monitoring the evolution of the informal market is crucial for Cubans who seek to protect their purchasing power. The rates in this market reflect the public perception of the economy and the availability of foreign currency in the country.
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