The main currencies in the Cuban informal market remain stable this Sunday, March 30, 2025, following a slight increase in the euro the day before.
According to the monitoring by CiberCuba, the U.S. dollar (USD) is at 355 CUP, the euro (EUR) is at 360 CUP, and the Freely Convertible Currency (MLC) is at 275 CUP, with no changes from the closing price on Saturday.
Exchange rate in Cuba: Sunday, March 30, 2025 - 2:00 PM
Exchange rate of the dollar (USD) to Cuban pesos (CUP): 355 CUP
Exchange rate of the euro (EUR) to Cuban pesos (CUP): 360 CUP
Exchange Rate Evolution
Exchange rate from (MLC) to Cuban pesos CUP: 275 CUP
The informal market continues to reflect the high demand for foreign currency on the island, amidst a prolonged economic crisis and with no signs of official stabilization of exchange rates.
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 for March 28:
1 USD = 355 CUP.
5 USD = 1,775 CUP.
10 USD = 3,550 CUP.
20 USD = 7,100 CUP.
50 USD = 17,750 CUP.
100 USD = 35,500 CUP.
EUROS (EUR)
1 EUR = 360 CUP.
5 EUR = 1,800 CUP.
10 EUR = 3,600 CUP.
20 EUR = 7,200 CUP.
50 EUR = 18,000 CUP.
100 EUR = 36,000 CUP.
200 EUR = 72,000 CUP.
500 EUR = 178,000 CUP.
Cubans are concerned about the informal exchange rate of the dollar, the euro, and the MLC because it determines their real purchasing power in an economy characterized by scarcity and inflation.
The volatility of exchange rates on the island leads many residents to closely monitor the fluctuations of the market, seeking strategies to protect their purchasing power against the devaluation of the national currency.
Frequently Asked Questions about the Informal Currency Market in Cuba
What is the current exchange rate of the dollar in the Cuban informal market?
In the Cuban informal market, the US dollar (USD) is currently priced at 355 Cuban pesos (CUP). This value reflects the high demand for the currency in an economic context marked by scarcity and inflation on the island.
What is the exchange rate of the euro in the informal market in Cuba?
The euro (EUR) is trading in the Cuban informal market at 360 Cuban pesos (CUP). This follows a slight increase that the European currency experienced in recent days, and it is indicative of the volatility of exchange rates on the island.
What is the value of the freely convertible currency (MLC) in the informal market?
The freely convertible currency (MLC) is priced at 275 Cuban pesos (CUP) in the informal market. This value reflects lower demand compared to the dollar and the euro, although it remains essential for purchasing products in state-run stores.
Why do Cubans depend on the informal currency market?
Cuban citizens rely on the informal currency market due to the shortage of official currency and inflation that diminishes their purchasing power. In a context where salaries in Cuban pesos are insufficient, accessing foreign currencies becomes crucial for acquiring essential products and safeguarding their savings.
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