The dollar opened this Thursday with a slight increase in value in the Cuban informal market,
In the case of the euro, which this Wednesday surprised by jumping up five units in a day, as of April 17, it remains valued at 375 CUP.
The Freely Convertible Currency (MLC), for its part, remains valued at 260 CUP.
The median values from the last 24 hours once again place the dollar's sale at 365 CUP for the third consecutive day, which could indicate that the value of the US currency will continue to rise.
Exchange rate today 04/17/2025 - 7:18 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 363 CUP.
Exchange Rate Evolution
Exchange rate of the euro EUR to CUP according to elTOQUE: 375 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 260 CUP.
Equivalences of each available banknote in euros and US dollars to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates as of April 17:
1 USD = 363 CUP.
5 USD = 1,815 CUP.
10 USD = 3,630 CUP.
20 USD = 7,260 CUP.
50 USD = 18,150 CUP.
100 USD = 36,300 CUP.
EUROS (EUR)
1 EUR = 375 CUP.
5 EUR = 1.875 CUP.
10 EUR = 3,750 CUP.
20 EUR = 7,500 CUP.
50 EUR = 18,750 CUP.
100 EUR = 37,500 CUP.
200 EUR = 75,000 CUP.
500 EUR = 187,500 CUP.
Forecasts for the informal market for the remainder of April
elTOQUE has developed specific forecasts for the behavior of currencies in the informal market for the remainder of the month through its Observatory of Currencies and Finances of Cuba (OMFi).
A valuation of the dollar and the euro is expected to be between 2.5% and 4.8%, while the MLC could continue to decline to levels of 262 - 255 CUP per 1 MLC.
It is estimated that the dollar will be between 364 and 372 CUP, and the euro between 370 and 377 CUP.
These calculations reflect the increasing pressure on the MLC, whose purchasing power is crumbling in the face of inflation and the market's preference for hard currencies.
Cubans are closely watching the informal exchange rate of the dollar, euro, and MLC because it 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 developments in the informal market, in search of strategies to protect their purchasing power against the devaluation of the national currency.
Frequently asked questions about the increase in the price of the dollar in Cuba
What is the current value of the dollar in the Cuban black market?
The dollar is currently trading at 363 CUP in the Cuban informal market, according to the latest report from elTOQUE.
How does the exchange rate of the dollar affect purchasing power in Cuba?
The exchange rate of the dollar directly affects the purchasing power of Cubans, as it determines their ability to acquire goods and services in an economy characterized by scarcity and inflation. Many Cubans rely on foreign currencies to access essential products that are not available in state trade.
What are the forecasts for the value of the dollar in Cuba in the short term?
According to the Observatory of Currencies and Finances of Cuba (OMFi), the dollar is expected to continue appreciating by between 2.5% and 4.8% for the remainder of the month, positioning itself between 364 and 372 CUP.
Why is it important to monitor the evolution of the informal currency market in Cuba?
It is crucial to follow the evolution of the informal currency market in Cuba because informal exchange rates determine the real purchasing power of citizens. In a context of national currency devaluation, it is vital for Cubans to find strategies to protect their purchasing power.
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