The euro has surprised in recent hours, and this Tuesday it rises five pesos in informal trading in Cuba.
The European currency rises to 350 CUP, according to monitoring by the independent media elToque of the fluctuations in the value of currencies in Cuba.
In the case of the dollar, the US currency remains unchanged, valued at 345 CUP.
Also no news on the Freely Convertible Currency (MLC), which continues to be traded at an average of 280 CUP.
Regarding the median values of buying and selling currencies in the informal market, there are some fluctuations.
Exchange Rate Evolution
The euro's selling price rises to 350, while the median purchase price of the MLC decreases by three points to 275.
Exchange rate today 11/03/2025 - 8:17 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: 350 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 280 CUP.
Why are Cubans focused on the informal currency market on the island?
The volatility of exchange rates in Cuba causes many residents on the island to closely monitor the evolution of the informal market, in search of 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 as this determines 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 currency has become a necessity to purchase essential products in stores that only sell in foreign currency or to conduct transactions in the black market, where items that are not available in state commerce can be found.
The constant depreciation 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 tracking 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 shipments from abroad.
Equivalences of each available bill of euros and US dollars to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates from this March 11:
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 = 350 CUP.
5 EUR = 1,750 CUP.
10 EUR = 3,500 CUP.
20 EUR = 7,000 CUP.
50 EUR = 17,500 CUP.
100 EUR = 35,000 CUP.
Frequently Asked Questions about the Informal Currency Market in Cuba
What is the current exchange rate of the euro in Cuba's informal market?
The euro has risen to 350 CUP in Cuba's informal market, according to monitoring by the independent media outlet elTOQUE.
What is the exchange rate of the dollar compared to the euro?
The dollar remains unchanged, valued at 345 CUP, while the euro has risen to 350 CUP, surpassing the dollar.
Why is it important to monitor the informal exchange rate in Cuba?
The informal exchange rate is crucial for Cubans as it determines their actual purchasing power in an economy marked by scarcity and inflation. Many Cubans rely on the informal market to access the foreign currency needed to purchase essential goods.
What impact does the devaluation of the Cuban peso have on the local economy?
The constant devaluation of the Cuban peso against the dollar and the euro has generated an inflationary spiral that affects those who rely on income in national currency, complicating their ability to meet basic needs.
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