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This Monday, the currencies remain unchanged compared to the previous day, in which the euro fell from 357 CUP to 355 CUP, a price that the European currency maintains this March 25th.
The dollar, for its part, remains valued at 350 CUP.
Also unchanged is the Freely Convertible Currency (MLC), which remains valued at 275 CUP, at a good distance from the other two currencies.
Despite the dollar remaining at 350 for several sessions, the median values for buying and selling in recent hours indicate an increase in the selling price to 352 CUP, a rise that could be a precursor to the U.S. currency climbing in the coming hours or days.
In its latest report, the Observatorio de Monedas y Finanzas de Cuba (OMFi) anticipated that the conditions were in place for an increase in the price of the dollar and euro in informal buying and selling by the end of this month.
According to that analysis, by March 31, rates are expected to be around 350-360 CUP per 1 USD. However, at the moment, the U.S. dollar has not exceeded the threshold of 350 pesos.
In the case of the euro, the estimated rate towards the end of the month is 352-362 CUP per 1 EUR. For now, the European currency appears to be closer to the forecast than its American counterpart.
For the MLC, rates of 270-260 CUP are anticipated, in the central and minimum scenarios.
Nonetheless, the economist and lead researcher of OMFi, Pavel Vidal, emphasized that the forecasts were subject to new announcements of economic policy from the Cuban government; "to adjustments in the regulatory frameworks for the private sector; to changes in market expectations; and to any modifications that may arise in the sanctions policy of the Trump Administration."
Exchange rate today 03/25/2025 - 11:23 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 350 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 355 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 275 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 25:
1 USD = 350 CUP.
5 USD = 1,750 CUP.
10 USD = 3,500 CUP.
20 USD = 7,000 CUP.
50 USD = 17,500 CUP.
100 USD = 35,000 CUP.
EUROS (EUR)
1 EUR = 355 CUP.
5 EUR = 1.775 CUP.
10 EUR = 3.550 CUP.
20 EUR = 7,100 CUP.
50 EUR = 17,750 CUP.
100 EUR = 35,500 CUP.
200 EUR = 71,000 CUP.
500 EUR = 177,500 CUP.
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.
The volatility of exchange rates in Cuba causes many residents on the island to closely monitor the developments of the informal market, in search of strategies to protect their purchasing power against the devaluation of the national currency.
Frequently Asked Questions about the Currency Market in Cuba
What is the current exchange rate of the dollar in the Cuban informal market?
The exchange rate of the dollar in the Cuban informal market remains at 350 CUP, although trends indicate a possible increase in the short term. The median buying and selling values have shown an increase to 352 CUP, anticipating potential rises in the coming days.
How has the price of the euro in Cuba changed recently?
In recent days, the euro has shown some stability with an exchange rate of 355 CUP in the Cuban informal market. However, the price of the euro is expected to fluctuate between 352-362 CUP by the end of the month, according to forecasts from the Currency and Finance Observatory of Cuba (OMFi).
What factors are influencing exchange rates in Cuba?
Exchange rates in Cuba are influenced by various factors, such as scarcity, inflation, government economic policy announcements, and market expectations. Additionally, international sanctions and regulatory adjustments can also impact these rates, creating uncertainty and volatility in the informal market.
Why is it important for Cubans to follow the informal currency exchange market?
The informal currency market in Cuba is crucial because it determines the real purchasing power of citizens. In a context of scarcity and inflation, Cubans rely on foreign currency to purchase essential products in stores that operate exclusively in hard currency and to conduct transactions in the black market, where items not available in state commerce can be found.
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