No changes; that's how the dollar, the euro, and the Freely Convertible Currency (MLC) opened today in the Cuban informal market.
At dawn this Monday, the dollar remained at 345 CUP; a value it shares with the euro, which is also valued at 345 pesos.
In the case of the Freely Convertible Currency (MLC), which this weekend
The median of buy and sell values of currencies in the informal market suggests that the MLC could continue to decline in price in the coming hours.
Exchange rate today 10/03/2025 - 8:59 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: 345 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 280 CUP.
Why are Cubans paying attention to the informal currency market on the island?
The volatility of exchange rates in Cuba means that many residents on the island closely monitor the developments in the informal market, seeking strategies to protect their purchasing power against the devaluation of the national currency.
Cubans closely monitor the informal exchange rates of the dollar, euro, and MLC because these determine their real purchasing power in an economy characterized by scarcity and inflation.
In a country where salaries and pensions in Cuban pesos (CUP) are insufficient to cover basic needs, access to foreign currencies has become a necessity to acquire essential products in stores that only accept foreign currency or to conduct transactions in the black market, where items that are not available in state commerce can be found.
On the other hand, since the informal exchange rate is not regulated by the government, it reflects the actual supply and demand for foreign currency and is used as a thermometer of the economic crisis facing the island.
The constant devaluation of the Cuban peso against the dollar and the euro has created an inflationary spiral that particularly affects those who rely on income in the national currency.
This has made daily monitoring of the exchange rate a common practice for Cubans, who try to anticipate market movements to make key financial decisions, such as purchasing foreign currency to protect their savings or planning remittance transfers from abroad.
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 on March 10:
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 Black Market for Foreign Currency in Cuba
What is the current exchange rate of the dollar in the Cuban black market?
The exchange rate of the United States dollar (USD) in the Cuban black market remains at 345 Cuban pesos (CUP), according to monitoring conducted by the independent outlet elToque.
What is the exchange rate for the euro in the informal currency market in Cuba?
The euro (EUR) is currently trading at 345 CUP in the Cuban informal market, reflecting the ongoing devaluation of the Cuban peso against foreign currencies.
What is the value of the freely convertible currency (MLC) in the black market today?
The freely convertible currency (MLC) is valued at 280 CUP in the Cuban black market, following a slight decrease of five pesos over the weekend.
Why do Cubans rely so much on the informal currency market?
Cubans rely on the informal foreign exchange market because it reflects the real supply and demand for foreign currencies, in a context where access to essential products and basic services is primarily conducted in foreign currency, due to scarcity and inflation in the state economy.
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