Two of the three reference currencies in Cuba at dawn this Thursday are showing changes in their informal value: The euro rises and the Convertible Currency (MLC) falls.
At 7:00 a.m. (local time), the average selling price of the European currency rises to 367 CUP, two pesos more compared to the previous day.
In the case of the MLC, the movement is the opposite: the virtual currency decreased from 263 to 262 CUP, as revealed by the independent media elToque in the daily report that documents the fluctuations of currencies in Cuba.
The dollar, for its part, shows no changes today and remains valued at 360 CUP.
The median buying and selling values of the three currencies in the last 24 hours show price increases in the purchase of euros and dollars, as well as a decrease in the sale of MLC, which could suggest that the virtual currency will continue to decline.
Exchange Rate Evolution
Exchange rate today 10/04/2025 - 7:52 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: 367 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 262 CUP.
Equivalences of each available euro and US dollar bill to Cuban pesos (CUP)
U.S. Dollar (USD) to Cuban Peso (CUP), according to the exchange rates from April 10:
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)
1 EUR = 367 CUP.
5 EUR = 1,830 CUP.
10 EUR = 3,660 CUP.
20 EUR = 7,320 CUP.
50 EUR = 18,300 CUP.
100 EUR = 36,600 CUP.
200 EUR = 73,200 CUP.
500 EUR = 183,000 CUP.
Cuban people are constantly aware of the informal exchange rate of the dollar, euro, and MLC because it determines their real purchasing power in an economy marked 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, 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 behavior of the informal currency market in Cuba?
The informal exchange market in Cuba is experiencing significant changes. Currently, the euro has increased its value to 367 CUP, while the Freely Convertible Currency (MLC) has decreased to 262 CUP. The dollar remains unchanged at 360 CUP. This volatility reflects a complicated economic landscape for Cubans, who rely on these rates to maintain their purchasing power.
Why are exchange rates important for Cubans?
Exchange rates are crucial for Cubans because they determine their real purchasing power in a context of scarcity and inflation. The volatility in the informal market forces citizens to closely monitor exchange rates to protect their savings and plan their finances, as access to foreign currencies is essential for purchasing basic goods and conducting transactions in a market where the national currency is constantly depreciating.
What factors influence the volatility of the foreign exchange market in Cuba?
The volatility of the foreign exchange market in Cuba is influenced by several factors, including the constant devaluation of the Cuban peso, inflation, and the scarcity of basic goods. Economic uncertainty and government decisions, such as the potential introduction of a floating official exchange rate, also play an important role. Furthermore, the limited access to foreign currency and the dependence on remittances from abroad exacerbate the situation.
What is the current trend of the Free Convertible Currency (MLC) in the Cuban market?
The Freely Convertible Currency (MLC) is on a downward trend in the Cuban informal market. Currently, its value has dropped to 262 CUP, and this trend is expected to continue in the short term. This decline reflects a decrease in demand for this virtual currency, possibly due to changes in economic policies and uncertainty about its future.
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