At dawn this Tuesday, the dollar surprises in the Cuban informal market and increases in price for the first time since April 4.
The US dollar climbs from 360 to 362, two pesos more than the value it had held in recent days.
The euro and the freely convertible currency (MLC), for their part, have maintained the same value since Friday.
The euro remains valued at 370, and the MLC at 260.
The median values for buying and selling the dollar in the last 24 hours - shared by the independent media elToque - provides indications that the US currency could continue to rise in value in the coming hours, as it is currently at 365 CUP.
Exchange Rate Evolution
Exchange rate today 04/15/2025 - 7:03 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 362 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 370 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 260 CUP.
Equivalencies of each available bill in euros and US dollars to Cuban pesos (CUP)
US Dollar (USD) to Cuban Peso (CUP), according to the exchange rates on April 15:
1 USD = 362 CUP.
5 USD = 1,810 CUP.
10 USD = 3,620 CUP.
20 USD = 7,240 CUP.
50 USD = 18,100 CUP.
100 USD = 36,200 CUP.
EURO (EUR)
1 EUR = 370 CUP.
5 EUR = 1,850 CUP.
10 EUR = 3,700 CUP.
20 EUR = 7,400 CUP.
50 EUR = 18,500 CUP.
100 EUR = 37,000 CUP.
200 EUR = 74,000 CUP.
500 EUR = 185,000 CUP.
Cubans are attentive to the unofficial 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 leads many residents on the island to closely monitor the developments in the informal market, seeking strategies to protect their purchasing power against the devaluation of the national currency.
Frequently Asked Questions about the Exchange Rate in the Cuban Informal Market
What is the current exchange rate of the dollar in the Cuban informal market?
The current exchange rate of the dollar in the Cuban informal market is 362 CUP per 1 USD. This figure represents an increase of two pesos compared to previous days.
What factors are driving the increase of the dollar in Cuba?
The rise of the dollar in Cuba is driven by the volatility of the informal market and the scarcity of foreign currency. The constant devaluation of the Cuban peso against the dollar and the euro creates an inflationary spiral that affects the purchasing power of citizens.
How does the informal exchange rate affect Cubans?
The informal exchange rate directly affects the purchasing power of Cubans. In an economy characterized by scarcity and inflation, access to foreign currency is crucial for obtaining essential goods in stores that only sell in foreign currency or in the black market.
What is the current situation of the euro and the MLC in the Cuban informal market?
In the Cuban informal market, the euro remains at 370 CUP and the Convertible Currency (MLC) at 260 CUP per unit. While the dollar has recently shown an increase, the euro and the MLC have maintained their values since last Friday.
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