The informal currency market in Cuba continues to show signs of volatility, with notable increases in the exchange rate of the US dollar (USD) and the euro (EUR), while the MLC remains stable.
At 8:00 AM this Monday, the dollar opened with an increase of two pesos compared to the previous day and stands at 370 CUP, while the euro rises by three pesos, reaching 388 CUP, getting closer once again to the psychological barrier of 390.
The freely convertible currency (MLC), for its part, maintains its value of 260 CUP, following a slight recovery on Sunday.
Informal exchange rate in Cuba Monday, May 19, 2025 - 08:00
- Exchange rate of the dollar (USD) to Cuban pesos CUP: 370 CUP
- Exchange rate of the euro (EUR) to Cuban pesos CUP: 388 CUP
- Exchange rate of (MLC) to Cuban pesos CUP: 260 CUP
This behavior reflects an upward trend that has remained consistent over the past few weeks, particularly in the case of the euro, as shown in the one-month evolution chart, which demonstrates a significant increase since mid-April.
Exchange Rate Evolution
Bill equivalences according to the rate of May 19
USD to CUP:
- 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
EUR to CUP:
- 1 EUR = 388 CUP
- 5 EUR = 1,940 CUP
- 10 EUR = 3,880 CUP
- 20 EUR = 7,760 CUP
- 50 EUR = 19,400 CUP
- 100 EUR = 38,800 CUP
- 200 EUR = 77,600 CUP
Cubans remain vigilant to these changes, which directly affect their purchasing power in a context of persistent inflation and widespread scarcity. The daily reference of the informal market has become a fundamental tool for those receiving remittances, conducting private transactions, or simply trying to protect their purchasing power.
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