For the second consecutive day, two of the three reference currencies in Cuba have opened with changes in their value: today the euro and the freely convertible currency (MLC) are rising.
At 8:00 a.m. (local time), the European currency is selling for 380 CUP, two pesos more compared to the value from the previous day.
The European currency has been experiencing a series of consecutive rises for several days, although it is still far from the record selling value of 402.5.
In the case of the virtual currency operated by the Cuban regime, although it dropped to 260 on Tuesday, this Wednesday the MLC rises to 261 CUP, marking one peso more than its value yesterday.
In the case of the dollar, the U.S. currency shows no changes and remains valued at 365 CUP, a price it reached on Saturday, April 19.
Exchange Rate Evolution
Exchange rate today 04/23/2025 - 8:37 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: 380 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 261 CUP.
Equivalencies of each available euro and U.S. dollar banknote to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates on April 23rd:
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 = 380 CUP.
5 EUR = 1,900 CUP.
10 EUR = 3,800 CUP.
20 EUR = 7,600 CUP.
50 EUR = 19,000 CUP.
100 EUR = 38,000 CUP.
200 EUR = 76,000 CUP.
500 EUR = 190,000 CUP.
Last week, elTOQUE, through its Observatory of Currencies and Finances of Cuba (OMFi), announced a forecast of the 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 range between 364 and 372 CUP, and the euro between 370 and 377 CUP.
Cubans are closely monitoring the informal exchange rate of the dollar, euro, and MLC because it dictates 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 monitor the developments of the informal market, in search of strategies to protect their purchasing power against the devaluation of the national currency.
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