In the last few hours, the Freely Convertible Currency (MLC) dropped from 270 to 265 CUP in the Cuban informal market. This figure represents a decrease of five pesos in just 24 hours.
The virtual currency thus consolidates its downward trend. Following a February marked by a surprising increase in its value, the MLC has experienced several consecutive days of declines.
In the case of the dollar and the euro, after showing signs in recent days of entering a new streak of increases in the Cuban informal market, they remain unchanged today.
The US dollar remains at 360 CUP and the euro at 365 CUP.
Exchange rate today 04/07/2025 - 11:07 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 360 CUP.
Exchange Rate Evolution
Exchange rate of the euro EUR to CUP according to elTOQUE: 365 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 265 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 this April 7:
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 keep a close eye on the informal exchange rates of the dollar, euro, and MLC because this determines their real purchasing power in an economy characterized by scarcity and inflation.
The volatility of exchange rates in Cuba leads many citizens residing on the island to closely monitor the evolution 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 Informal Currency Market in Cuba
What is the current situation of the freely convertible currency (MLC) in the Cuban informal market?
The freely convertible currency (MLC) has experienced a notable decline in its value, dropping from 270 to 265 CUP in the last 24 hours, reinforcing a downward trend that has followed a spike in February.
How has the dollar been behaving in the Cuban informal market recently?
The US dollar has remained stable at 360 CUP in the Cuban informal market, showing an upward trend in recent days, but with no significant changes lately.
What impact does the volatility of the informal currency market have on the Cuban economy?
The volatility of the informal currency market directly affects the purchasing power of Cubans, as it determines the value of foreign currencies needed to purchase basic goods in stores that operate exclusively in currency, amidst a backdrop of scarcity and constant inflation.
Why do Cubans closely monitor the informal currency market?
Cubans closely monitor the informal currency market to protect their purchasing power against the devaluation of the Cuban peso. This monitoring is crucial for planning purchases and savings and for coping with the inflation that impacts incomes in national currency.
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