The informal currency market in Cuba did not register any fluctuations in the last few hours, and the buying and selling rates remained stable this Monday after several days of volatility in exchange rates.
The calm reflects a brief pause in an economic context characterized by inflation and a shortage of foreign currency. Accordingly, the United States dollar (USD) is quoted at 365 CUP; the euro at 375, and the freely convertible currency (MLC) at 265 CUP.
Cubans continue to closely monitor these rates, as they directly influence their purchasing power and decisions related to savings and consumption
Current exchange rates in the informal market
United States Dollar (USD): 365 CUP
Exchange Rate Evolution
Euro (EUR): 375 CUP
MLC (Freely Convertible Currency): 265 CUP
Equivalencies by bills
Dollars (USD):
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):
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
Forecast: a slight increase is expected in the USD and EUR, and a decrease in the MLC
According to the latest analysis from the Observatory of Currencies and Finances of Cuba (OMFi) by elTOQUE, it is estimated that for the remainder of April, the dollar could fluctuate between 364 and 372
The euro (EUR) could reach between 370 and 377, and the MLC could fall to between 262 and 255 CUP.
An economy in constant tension
In a country marked by inflation, scarcity, and the devaluation of the Cuban peso, millions of citizens monitor the behavior of the informal currency market daily as a vital tool to protect their purchasing power.
The volatility of this market —which operates outside the state banking system— has made platforms like elTOQUE an essential reference for calculating prices, making purchases, or making everyday economic decisions.
Forecast: a slight increase in the USD and EUR is expected, along with a decrease in the MLC
According to the latest analysis from the Observatory of Currencies and Finances of Cuba (OMFi) from elTOQUE, it is estimated that by the end of April, the dollar could fluctuate between 364 and 372; the euro (EUR) could reach between 370 and 377, and the MLC could drop to as low as 262 - 255 CUP.
An economy in constant tension
In a country marked by inflation, scarcity, and the devaluation of the Cuban peso, millions of citizens daily monitor the behavior of the informal currency market as a vital tool to protect their purchasing power.
The volatility of this market—operating outside the state banking system—has made platforms like elTOQUE an essential reference for calculating prices, making purchases, or taking everyday economic decisions.
Frequently Asked Questions about the Informal Currency Market in Cuba
What are the current exchange rates in the Cuban informal market?
The current exchange rates in the Cuban informal market are as follows: the US dollar (USD) is valued at 365 CUP, the euro (EUR) at 375 CUP, and the freely convertible currency (MLC) at 265 CUP. These rates reflect a temporary stability in a context of high inflation and a shortage of foreign currency in the country.
Why do Cubans closely monitor the informal foreign exchange market?
Cuban citizens monitor the informal currency market because informal exchange rates determine their real purchasing power in an economy marked by scarcity and inflation. The volatility of the informal market is a vital tool for protecting citizens' purchasing power against the devaluation of the Cuban peso.
What does the Observatory of Currencies and Finances of Cuba (OMFi) predict for foreign currencies in the coming days?
According to the OMFi, it is estimated that the dollar could range between 364 and 372 CUP, the euro between 370 and 377 CUP, and the MLC could drop to between 262 and 255 CUP for the remainder of the month. These predictions reflect the existing economic pressures on currencies in the Cuban informal market.
How does Cuba's economic situation affect the informal currency market?
The economic situation in Cuba, characterized by inflation, scarcity, and the devaluation of the Cuban peso, has turned the informal currency market into an essential resource for the population. The demand for foreign currencies is high, as many transactions and essential products are only available in foreign currency, which drives the activity in the informal market.
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