The United States dollar (USD) opened this Thursday, May 1, at 368 Cuban pesos (CUP) in the informal currency market in Cuba. It continues its upward trend after several weeks of moderate fluctuations.
The euro is also becoming more expensive and is currently at 385 CUP, solidifying its position as the most expensive foreign currency on the street. Sustained demand and limited availability continue to drive its value against the Cuban peso.
For its part, the MLC (Freely Convertible Currency) is trading at 265 CUP, remaining stable. Despite its restricted use in state-owned stores, its exchange rate still reflects the interest from the population.
These rates are calculated by elTOQUE based on the observation of prices in the informal Cuban market.
Informal exchange rate in Cuba, Thursday, May 1, 2025 - 06:02
Exchange rate of the dollar (USD) to Cuban pesos (CUP): 368 CUP
Exchange Rate Evolution
Exchange rate of the euro (EUR) to Cuban pesos (CUP): 385 CUP
Exchange rate from (MLC) to Cuban pesos CUP: 265 CUP
Equivalences of dollar bills to Cuban pesos
- 1 dollar is equivalent to 368 Cuban pesos.
- 5 dollars is equivalent to 1,840 Cuban pesos.
- 10 dollars is equivalent to 3,680 Cuban pesos.
- 20 dollars is equivalent to 7,360 Cuban pesos.
- 50 dollars is equivalent to 18,400 Cuban pesos.
- 100 dollars is equivalent to 36,800 Cuban pesos.
Equivalencies of euro banknotes to Cuban pesos
- 5 euros is equivalent to 1,925 Cuban pesos.
- 10 euros is equivalent to 3,850 Cuban pesos.
- 20 euros is equivalent to 7,700 Cuban pesos.
- 50 euros is equivalent to 19,250 Cuban pesos.
- 100 euros is equivalent to 38,500 Cuban pesos.
- 200 euros is equivalent to 77,000 Cuban pesos.
- 500 euros is equivalent to 192,500 Cuban pesos.
Frequently Asked Questions about Currency Exchange Rates in Cuba's Informal Market
What is the current value of the dollar in the informal market in Cuba?
The US dollar (USD) is trading at 368 Cuban pesos (CUP) in the informal currency market in Cuba as of May 1, 2025. This represents an increase compared to previous weeks, reflecting an upward trend in its value due to high demand and a shortage of foreign currency.
What is the exchange rate of the euro in the Cuban informal market?
The euro (EUR) is trading at 385 CUP in the informal market, solidifying its position as the most expensive foreign currency in Cuba. This exchange rate is driven by strong demand and the limited availability of euros on the island.
What is the Freely Convertible Currency (MLC) and what is its current value?
The freely convertible currency (MLC) is trading at 265 CUP in the informal market. Although its use is restricted to state-owned stores that accept foreign currency, the MLC remains significant in the market due to the interest of the Cuban population in acquiring it for essential purchases.
Why is there such high demand for foreign currency in Cuba?
Foreign currencies are essential for many transactions in Cuba due to economic uncertainty and the scarcity of foreign currency. The constant devaluation of the Cuban peso against the dollar and the euro creates an inflationary spiral that impacts the purchasing power of the population, leading many Cubans to turn to the informal market to safeguard their savings and purchase basic products in stores that only accept foreign currencies.
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