For the second consecutive day, the monitoring conducted by elToque of the value of currencies in the Cuban informal market shows no changes in the average selling prices.
This Thursday, the dollar remains valued at 345 CUP, while the euro is placed five pesos higher, arriving on Tuesday at 350 and currently staying at that price.
In the case of the Freely Convertible Currency (MLC), which last weekend dropped five pesos, it also starts today unchanged, valued at 280 CUP.
The median values for buying and selling currencies in the informal market show fluctuations: in recent hours, the buying median for the three currencies has increased.
Exchange rate today 03/13/2025 - 8:28 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: 350 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 280 CUP.
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 of this March 13:
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.
The volatility of exchange rates in Cuba causes many residents on the island to closely monitor the developments in 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 rate of the dollar, euro, and MLC because it determines their real purchasing power in an economy marked 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 acquire essential products in stores that only sell in foreign currency or to conduct transactions in the black market, where items not available in state-run commerce can be found.
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 national currency.
This has turned the daily monitoring of the exchange rate into a common practice for Cubans, who are trying to anticipate market movements to make decisions regarding their household economy, such as buying foreign currency to protect their savings or planning remittance transfers from abroad.
Frequently Asked Questions about Exchange Rates in Cuba
What is the current exchange rate of the dollar in the Cuban informal market?
The dollar is currently sold at 345 CUP in the Cuban informal market, according to monitoring by elToque.
How much is the euro currently trading for in the informal market in Cuba?
The euro is trading at 350 CUP in the Cuban informal market, following a recent increase in its value.
What is the value of the Freely Convertible Currency (MLC) in Cuba?
The MLC is valued at 280 CUP in the Cuban informal market, with no recent changes in its exchange rate.
Why is it important for Cubans to follow informal exchange rates?
The volatility of exchange rates in Cuba affects the purchasing power of citizens, who seek to protect their income against the devaluation of the Cuban peso. Access to foreign currency is crucial for purchasing essential products in stores that only sell in foreign currency or for transactions in the black market.
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