This Wednesday, May 7, the U.S. dollar (USD) is trading at 370 Cuban pesos (CUP), according to monitoring by the independent media outlet elTOQUE.
The green bill, which is one of the most sought after by Cubans both on and off the Island, remains stable compared to previous days. It is one of the most influential currencies in the national economy.
On its part, the euro (EUR) is currently at 380 CUP, which means five pesos less than the previous day when it was trading at 385 pesos.
Nonetheless, the European currency maintains its position as the most valued currency in the informal market. The appreciation of the euro is due both to its limited availability and the increase in demand, especially for travel and purchases on international platforms.
Regarding the Freely Convertible Currency (MLC), used in state stores, it remains at 260 CUP, with no significant variations in recent days. This stability contrasts with the volatile behavior of foreign currencies.
Exchange Rate Evolution
During the last week, both the dollar and the euro have shown an upward trend, while the MLC remains stagnant. The fluctuations reflect economic uncertainty and the growing pressure of the informal market on personal finances in Cuba.
Informal exchange rate in Cuba, Wednesday, May 7, 2025 - 07:00
Exchange rate of the dollar (USD) to Cuban pesos (CUP): 370 CUP
Exchange rate of the euro (EUR) to Cuban pesos (CUP): 380 CUP
Exchange rate from (MLC) to Cuban pesos CUP: 260 CUP
Equivalence in Cuban Pesos by Bills
Dollar (USD)
- 1 USD = 370 CUP
- 5 USD = 1.850 CUP
- 10 USD = 3,700 CUP
- 20 USD = 7,400 CUP
- 50 USD = 18,500 CUP
- 100 USD = 37,000 CUP
Euro (EUR)
- 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
Frequently Asked Questions about the exchange rate of the dollar, euro, and MLC in Cuba
What is the current exchange rate of the dollar in Cuba?
The US dollar (USD) is trading at 370 Cuban pesos (CUP) in Cuba's informal market as of May 7, 2025. This rate reflects the high demand and the influence of the dollar on the Cuban economy.
How does the value of the euro compare to the dollar in the Cuban market?
The euro (EUR) is trading at 380 CUP, five pesos more than the dollar, establishing itself as the most valuable foreign currency in the Cuban informal market. Its value reflects both the scarcity and the high demand for international transactions.
What is the value of the Freely Convertible Currency (MLC) in Cuba?
The MLC remains stable at 260 CUP and is primarily used in state-owned stores to purchase essential goods and appliances in Cuba, despite its reduced importance compared to the dollar and the euro.
Why do exchange rates fluctuate so much in Cuba?
Exchange rates in Cuba fluctuate due to economic instability, inflation, and the scarcity of foreign currency. The lack of access to foreign currency through official channels forces many Cubans to turn to the informal market to protect their purchasing power.
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