The dollar and the euro have shown signs in recent days of entering a new streak of increases in the Cuban informal market, a different scenario from the freely convertible currency (MLC), which is displaying a downward trend.
At dawn on this April 4th, the dollar rises to 360 CUP, two pesos more compared to the previous day. The US currency thus marks three consecutive days of increases.
In the case of the euro, there are no changes today, it remains at 365 CUP, five units above the dollar.
However, a glance at the median values of buying and selling in the last 24 hours reveals that there is an upward trend in both the buying and selling values of dollars and euros.
In the case of the euro, in particular, the median of the last few hours shows an increase to 367 CUP, which could be a sign that the value of the European currency will rise in price.
Exchange Rate Evolution
The outlook for the MLC is looking grimmer, as it has dropped to 270, two pesos lower than its value the previous day.
Exchange rate today 04/04/2025 - 7:30 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 360 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 365 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 270 CUP.
Equivalencies of each available bill in euros and US dollars to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this April 4th:
1 USD = 360 CUP.
5 USD = 1,800 CUP.
10 USD = 3,600 CUP.
20 USD = 7,200 CUP.
50 USD = 18,000 CUP.
100 USD = 36,000 CUP.
EUROS (EUR)
EUR 1 = 365 CUP.
EUR 5 = 1,825 CUP.
EUR 10 = 3,650 CUP.
EUR 20 = 7,300 CUP.
EUR 50 = 18,250 CUP.
EUR 100 = 36,500 CUP.
EUR 200 = 73,000 CUP.
EUR 500 = 182,500 CUP.
Cubans are closely monitoring the informal exchange rate of the dollar, the euro, and the MLC because it dictates 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 developments of the informal market, seeking strategies to protect their purchasing power against the devaluation of the national currency.
Frequently Asked Questions about the Increase in the Dollar Price in the Cuban Black Market
Why has the price of the dollar increased in the Cuban black market?
The increase in the price of the dollar in the Cuban black market is due to the high demand for foreign currency, as it is necessary to purchase essential products in a context of scarcity and inflation in Cuba. The volatility of the Cuban economy and the limitations of state trade have intensified citizens' reliance on the informal market to protect their purchasing power.
What is the current exchange rate of the dollar and the euro in the Cuban informal market?
The current exchange rate in the Cuban informal market is 360 CUP for 1 USD and 365 CUP for 1 EUR. These figures have shown a recent increase, reflecting the economic instability and high demand for foreign currency on the island.
Why is the Convertible Currency (MLC) decreasing in value?
The MLC is decreasing in value due to a combination of internal economic factors, such as the decreased demand for it compared to the dollar and the euro. This is partly due to the fact that many essential products can only be purchased with foreign currencies, which reduces the utility of the MLC in the current market.
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