After two days without changes in the informal currency market in Cuba, this Tuesday, two of the three reference currencies on the island show fluctuations in their value: The euro rises while the Free Convertible Currency (MLC) decreases.
At 8:00 a.m. (local time), the euro is being sold at 378 CUP, three pesos more compared to the value it reached last week.
In the case of the virtual currency operated by the regime, it continues its streak of declines, with its price dropping to 260 CUP, representing a sudden decrease of five units.
In the case of the dollar, the U.S. currency remains unchanged and is priced at 365 CUP, a figure that was reached last Saturday, April 19th.
Exchange rate today 04/22/2025 - 8:29 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 365 CUP.
Exchange Rate Evolution
Exchange rate of the euro EUR to CUP according to elTOQUE: 378 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 260 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 April 22:
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 = 378 CUP.
5 EUR = 1,890 CUP.
10 EUR = 3,780 CUP.
20 EUR = 7,560 CUP.
50 EUR = 18,900 CUP.
100 EUR = 37,800 CUP.
200 EUR = 75,600 CUP.
500 EUR = 189,000 CUP.
Last week, elTOQUE, through its Currency and Finance Observatory of Cuba (OMFi), disclosed a forecast of currency behavior in the informal market for the remainder of the month.
According to the indications, a valuation of the dollar and euro is expected to rise between 2.5% and 4.8%, while the MLC could fall to levels of 262 - 255 CUP for 1 MLC.
It is estimated that the dollar will be between 364 and 372 CUP, and the euro will be between 370 and 377 CUP.
Cubans keep a close eye on 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 residents on the island to closely follow 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 Informal Currency Market in Cuba
How has the value of the euro varied in the Cuban informal market recently?
The euro has experienced an increase in its value in the Cuban informal market, reaching 378 CUP, three pesos more than the previous week. This trend reflects a rising tendency that has been observed in recent days.
What has happened with the Freely Convertible Currency (MLC) in the Cuban market?
The Freely Convertible Currency (MLC) has experienced a drop in its value, decreasing to 260 CUP, which represents a decline of five units. This ongoing downward trend indicates a loss of confidence in this currency within the informal market.
What is the current situation of the dollar in the Cuban informal market?
The US dollar has not experienced recent changes, remaining at 365 CUP. Its value is expected to fluctuate between 364 and 372 CUP for the remainder of the month, according to forecasts from the Observatory of Currencies and Finance of Cuba.
Why do Cubans closely monitor the informal currency market?
Cubans are monitoring the informal currency market to protect their purchasing power, as the informal exchange rates for the dollar, euro, and MLC determine their actual buying ability in an economy marked by scarcity and inflation. The volatility of these rates compels them to seek strategies to cope with the devaluation of the Cuban peso.
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