At dawn this Wednesday, the average selling price of the US dollar is at 357 CUP, according to the daily report from the independent media elToque.
The figure represents an increase of two pesos compared to the value the dollar had since March 29.
The median of the buying and selling values in recent hours places the average sale of the dollar at 358 CUP, which could indicate that the price of the U.S. currency will continue to rise in the coming hours.
In the case of the euro, there are no changes today. The European currency remains at 360 CUP and the Freely Convertible Currency (MLC) is sold at 275 CUP.
Exchange rate today 02/04/2025 - 9:50 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 357 CUP.
Exchange Rate Evolution
Exchange rate of the euro EUR to CUP according to elTOQUE: 360 CUP.
Tasa de cambio del MLC a CUP según 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 on April 2:
1 USD = 357 CUP.
5 USD = 1,785 CUP.
10 USD = 3,570 CUP.
20 USD = 7,140 CUP.
50 USD = 17,850 CUP.
100 USD = 35,700 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 attentive to the informal exchange rate of the dollar, euro, and MLC because it determines their real purchasing power in a economy marked by scarcity and inflation.
The volatility of exchange rates in Cuba means that many citizens residing on the island 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 dollar increase in Cuba
What is the current exchange rate for the dollar in the informal Cuban market?
The dollar is trading at 357 CUP in the Cuban informal market according to the latest report, which represents an increase of two pesos compared to previous days.
Why is it important to follow the exchange rate of the dollar in Cuba?
It is important because the exchange rate of the dollar in the informal market determines the real purchasing power of Cubans in an economy marked by scarcity and inflation. Many residents rely on foreign currencies to acquire essential products or engage in transactions in the black market.
How does the devaluation of the Cuban peso affect the local economy?
The devaluation of the Cuban peso against the dollar and the euro creates an inflationary spiral that particularly affects those who rely on income in the national currency, making access to foreign currencies crucial for the economic survival of many families.
What other currencies are significant in the Cuban informal market?
In addition to the dollar, the euro and the freely convertible currency (MLC) are other significant currencies in the Cuban informal market. The euro is currently valued at 360 CUP and the MLC at 275 CUP.
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