The freely convertible currency (MLC) refuses to give up and surprises this Thursday, as reflected in the daily report from elTOQUE, which documents the fluctuations of currencies in Cuba.
At dawn on this April 24th the MLC rises again to 265 CUP, representing an increase of four pesos compared to the previous day.
In the case of the dollar, the US currency remains unchanged and is valued at 365 CUP, a price it reached last Saturday.
The euro, for its part, remains stable at 380 CUP, a price it reached on April 23rd.
The median values of the three reference currencies in the last 24 hours indicate an increase in the average sale of the dollar, a rise that may or may not solidify in the coming hours.
Exchange Rate Evolution
Exchange rate today 04/24/2025 - 10:37 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: 265 CUP.
Equivalencies of each available banknote in euros and US dollars to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this April 24th:
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), released a forecast on the behavior of currencies in the informal market for the remainder of the month.
According to the indication, a valuation of the dollar and euro is expected to be between 2.5% and 4.8%, while the MLC could fall 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 keep a close eye on the informal exchange rate of the dollar, the euro, and the MLC because it determines their real purchasing power in an economy marked by scarcity and inflation.
The volatility of exchange rates in Cuba means that many residents on the island closely monitor the evolution of the informal market, seeking strategies to protect their purchasing power against the devaluation of the national currency.
Frequently Asked Questions about the Currency Market in Cuba
What is the exchange rate of the dollar in the Cuban informal market?
The exchange rate of the US dollar in the Cuban informal market remains at 365 CUP. This stability has been observed since last Saturday, and a potential appreciation of the dollar is anticipated in the coming weeks.
How much is the euro worth in the informal market in Cuba?
The euro is currently trading at 380 CUP in the informal Cuban market. It has shown an upward trend in recent days, and it is expected to continue increasing in value, according to forecasts from the Observatory of Currencies and Finance of Cuba.
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 to purchase products in specific stores. Its current value in the informal market is 265 CUP. Despite recent fluctuations, the MLC has shown some volatility, and there is an expectation of a potential decline in its value in the short term.
Why is the informal exchange rate important in Cuba?
The informal exchange rate is crucial in Cuba because it determines the real purchasing power of citizens. In a context of scarcity and inflation, many Cubans rely on foreign currencies to acquire essential goods and protect their savings, as salaries in Cuban pesos are insufficient to meet basic needs.
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