Dollars, euros, and MLC remain unchanged in price in the informal exchange market in Cuba this April 1st.
According to the daily report by the independent medium elToque, which documents the fluctuations of the three reference currencies on the island, the values have remained stable for the third consecutive day.
The dollar remains at 355 CUP, the euro at 360, and the Convertible Currency (MLC) is sold at 275 CUP.
Exchange rate today 01/04/2025 - 8:45 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 355 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 360 CUP.
Exchange Rate Evolution
Exchange rate from MLC to CUP according to elTOQUE: 275 CUP.
Equivalences of each available Euro and US Dollar bill to Cuban Pesos (CUP)
US Dollar (USD) to Cuban Peso (CUP), according to the exchange rates as of April 1:
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 = 180,000 CUP.
Cubans are keenly aware of the informal exchange rate of the dollar, euro, and MLC because it determines their real purchasing power in an economy characterized by scarcity and inflation.
The volatility of exchange rates in Cuba causes many residents on the island to closely monitor the evolution of the informal market, seeking strategies to protect their purchasing power against the devaluation of the national currency.
Frequently Asked Questions about the Black Market for Foreign Currency in Cuba
What is the current exchange rate of the dollar in Cuba's informal market?
The exchange rate of the US dollar in the informal market of Cuba is 355 CUP per 1 USD, according to monitoring conducted by the independent media outlet elToque on April 1, 2025.
What is the exchange rate for the euro on the Cuban black market?
The euro is trading at 360 CUP per 1 EUR in the informal market of Cuba, according to information from April 1, 2025, provided by the outlet elToque.
What is the Freely Convertible Currency (MLC) and what is its current exchange rate?
The Freely Convertible Currency (MLC) is a virtual currency used in Cuba for transactions in state-run stores and is valued at 275 CUP for 1 MLC in the informal market, according to data from April 1, 2025.
Why do Cubans depend on the informal currency market?
The informal currency market is crucial for Cubans because the official exchange rates do not reflect the country's economic reality. The volatility of the Cuban peso, coupled with the scarcity of basic goods and inflation, forces citizens to seek foreign currency on the black market to maintain their purchasing power and acquire essential products.
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