The dollar solidifies on April 19 a streak of three days of small price increases in the Cuban informal market, as reported by the daily bulletin from the independent media elTOQUE.
At dawn this Saturday, the US dollar is at 365 CUP, which represents an increase of one peso compared to the previous day.
Surprisingly, after a period of decline, the value of the Convertible Currency (MLC) also rises, climbing five pesos at once and averaging 265 CUP.
Only the euro remains unchanged, still valued at 375 pesos, a price it reached last Wednesday after increasing sharply by five units in one day.
The median values from the last 24 hours are presented as follows.
Exchange Rate Evolution
Exchange rate today 04/19/2025 - 8:07 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 365 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 375 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 265 CUP.
Equivalencies 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 19:
1 USD = 365 CUP.
5 USD = 1,825 CUP.
10 USD = 3,650 CUP.
20 USD = 7,300 CUP.
50 USD = 18,250 CUP.
100 USD = 36,500 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.
Outlook for the informal market for the remainder of April
This week elTOQUE, through its Currency and Finance Observatory of Cuba (OMFi), announced a forecast for the behavior of currencies in the informal market for the remainder of the month.
According to the indications, a valuation of the dollar and the euro between 2.5% and 4.8% is expected, while the MLC could continue to decline to levels of 262 - 255 CUP for 1 MLC.
The dollar is estimated to be between 364 and 372 CUP, and the euro between 370 and 377 CUP.
Cubans closely monitor the informal exchange rate of the dollar, euro, and MLC because this determines their real purchasing power in an economy marked by scarcity and inflation.
The volatility of exchange rates in Cuba causes many residents of 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 increase of the dollar in the Cuban informal market
Why is the price of the dollar rising in the informal Cuban market?
The dollar is rising due to high demand and shortages in the Cuban informal market. Economic instability, along with inflation and the devaluation of the Cuban peso, leads Cubans to turn to the dollar as a way to protect their purchasing power, which drives up its price.
What is the current exchange rate of the dollar against the Cuban peso in the informal market?
The exchange rate of the dollar against the Cuban peso in the informal market is 365 CUP per dollar. This rate reflects a recent increase in its value, driven by the current economic conditions in Cuba.
How does the volatility of the dollar affect Cubans?
The volatility of the dollar significantly affects the purchasing power of Cubans. In a context of scarcity and inflation, fluctuations in the dollar impact the prices of goods and services, further complicating access to essential products for the population that relies on income in Cuban pesos.
What is expected for the behavior of the dollar in the informal market in the coming weeks?
The dollar is expected to continue appreciating in the Cuban informal market. According to forecasts, the dollar could range between 364 and 372 CUP, due to persistent demand and the country's economic situation.
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