At dawn this Sunday, the Freely Convertible Currency (MLC) shows signs of recovery in the Cuban informal market and rises by five pesos, the same amount it lost in the previous trading session.
At 8:00 a.m. (Cuban local time), the virtual currency used by the Cuban regime in an increasingly smaller number of stores is traded at an average of 260 pesos, as revealed in its daily report by the independent media elTOQUE.
The dollar and the euro, on their part, remain unchanged: the US dollar is still valued at 368 CUP and the euro at 385, which is 17 pesos above the dollar.
Exchange rate today 05/18/2025 - 8:00 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 368 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 385 CUP.
Exchange Rate Evolution
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 of this May 18:
1 USD = 368 CUP.
5 USD = 1,840 CUP.
10 USD = 3,680 CUP.
20 USD = 7,360 CUP.
50 USD = 18,400 CUP.
100 USD = 36,800 CUP.
EUROS (EUR)
1 EUR = 385 CUP.
5 EUR = 1,925 CUP.
10 EUR = 3,850 CUP.
20 EUR = 7,700 CUP.
50 EUR = 19,250 CUP.
100 EUR = 38,500 CUP.
200 EUR = 77,000 CUP.
500 EUR = 192,500 CUP.
Cubans closely monitor 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 citizens living on the island to closely follow the trends 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 Forex Market in Cuba
What is the current exchange rate of the dollar in Cuba?
The exchange rate of the US dollar in the Cuban informal market is 368 Cuban pesos (CUP). This figure reflects stability compared to previous days, as there have been no significant recent changes.
What is the exchange rate for the euro in Cuba's informal market?
The euro is trading at 385 CUP in the informal Cuban market. This figure is 17 pesos higher than that of the dollar, making it the currency with the highest exchange value at present.
What is the Freely Convertible Currency (MLC) and what is its current value?
The Freely Convertible Currency (MLC) is a virtual currency used in a specific group of stores in Cuba. Currently, it is traded at 260 CUP in the informal market. It has shown a slight recovery of five pesos compared to the previous day.
Why are informal exchange rates important in Cuba?
Informal exchange rates are crucial because they determine the real purchasing power of Cubans. Given the scarcity and inflation, many citizens rely on these rates to plan their personal finances and protect their savings from the devaluation of the Cuban peso.
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