The euro has taken a slight step back in the informal Cuban market in recent hours.
At dawn this Wednesday, the European currency is set at 347 CUP, one peso less compared to the increase it reached on Tuesday, when it rose to 348 CUP.
Ethe dollar remains at 345 CUP, a price it has held since last weekend.
In the case of the Freely Convertible Currency (MLC), following the series of increases that marked February, it currently remains at 285 CUP.
Exchange rate today 04/03/2025 - 7:45 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 345 CUP.
Exchange Rate Evolution
Exchange rate of the euro EUR to CUP according to elTOQUE: 347 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 285 CUP.
The volatility of exchange rates in Cuba causes many citizens residing on the island to closely monitor the evolution of the informal market, in search of strategies to protect their purchasing power against the inevitable devaluation of the CUP.
Equivalences of each available euro and US dollar bill to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to exchange rates on this 5th of March:
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 = 347 CUP.
5 EUR = 1,735 CUP.
10 EUR = 3,470 CUP.
20 EUR = 6,940 CUP.
50 EUR = 17,350 CUP.
100 EUR = 34,700 CUP.
Frequently Asked Questions about the Evolution of Currency Prices in Cuba
What is the current price of the euro in the Cuban informal market?
The euro is currently at 347 CUP, one peso less compared to the previous day, when it was at 348 CUP. This slight variation reflects the volatility of the informal market on the island.
What is the exchange rate for the dollar in Cuba's informal market?
The dollar is currently valued at 345 CUP in the Cuban informal market. This rate has remained stable since last weekend, reflecting an apparent short-term stability.
What is the value of the freely convertible currency (MLC) in Cuba?
The Freely Convertible Currency (MLC) remains at 285 CUP, following a series of increases throughout February. This type of currency has exhibited some volatility in the market due to internal economic factors.
Why is it important to follow the evolution of the informal currency market in Cuba?
It is crucial to monitor the evolution of the informal currency market in Cuba because many citizens seek to protect their purchasing power against the devaluation of the Cuban peso (CUP). The volatility of exchange rates directly impacts personal and national economies.
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