After several days of intense activity in Cuba's informal currency market, this Sunday, dollars, euros, and the Freely Convertible Currency (MLC) remained unchanged.
At 8:00 a.m. (local time), the US dollar remains valued at 365 CUP, the same rate it reached the day before.
Also unchanged are the euro and the MLC, which are trading at an average of 375 and 265 CUP, respectively.
The median values for the last 24 hours are as shown below.
Exchange rate today 04/20/2025 - 8:07 a.m. in Cuba:
Dollar exchange rate USD to CUP according to elTOQUE: 365 CUP.
Exchange Rate Evolution
Exchange rate of the euro EUR to CUP according to elTOQUE: 375 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 265 CUP.
Equivalences of each available Euro and United States dollar bill to Cuban Pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates as of April 20:
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.
This week, elTOQUE, through its Currency and Finance Observatory of Cuba (OMFi), released a forecast of the behavior of currencies in the informal market for the remainder of the month.
According to the indications, a valuation of the dollar and euro between 2.5% and 4.8% is expected, while the MLC could drop to levels of 262 - 255 CUP per 1 MLC.
It is estimated that the dollar will range 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 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 developments in the informal market, seeking strategies to protect their purchasing power against the devaluation of the national currency.
Frequently Asked Questions about the Foreign Exchange Market in Cuba
What is the current exchange rate of the dollar in the informal Cuban market?
The US dollar remains priced in the Cuban informal market at 365 CUP according to the latest report from elTOQUE.
What is the value of the euro in the informal market in Cuba?
The euro is currently trading at 375 CUP in the Cuban informal market, unchanged from previous days.
What is the Freely Convertible Currency (MLC) and what is its current value in Cuba?
The Freely Convertible Currency (MLC) is a virtual currency used in Cuba for certain transactions and is currently valued at 265 CUP in the informal market.
What is expected for the value of the dollar and the euro in the coming weeks in Cuba?
According to the Observatory of Currencies and Finances of Cuba (OMFi), a appreciation of the dollar and the euro between 2.5% and 4.8% is expected in the informal market, while the MLC may continue to decline.
Why are Cubans keeping an eye on the exchange rates in the informal market?
Cubans closely monitor 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. This tracking helps them make important economic decisions.
Filed under: