At dawn this Tuesday, dollars, euros, and the freely convertible currency (MLC) remain stable in the informal Cuban market.
At 7:00 a.m. (Cuban local time) the dollar remains pegged at 370 CUP, the same price it reached the day before, as reported in its daily update by the independent media elTOQUE.
The euro and the MLC, for their part, also remain unchanged: the European currency is selling on average at 388 CUP and the MLC at 260.
Exchange rate today 05/20/2025 - 7:00 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 370 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 388 CUP.
Exchange Rate Evolution
Exchange rate from MLC to CUP according to elTOQUE: 260 CUP.
The median of buying and selling values in the last 24 hours shows some movement: an increase in the selling price of the euro to 392 and also a rise in the average buying price of the dollar, which goes up to 366 CUP.
Equivalences of each available bill in euros and US dollars to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates on this May 20:
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.
EUROS (EUR)
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.
500 EUR = 194,000 CUP.
Cubans closely monitor the informal exchange rate of the dollar, euro, and MLC because it determines their actual purchasing power in an economy characterized by scarcity and inflation.
The volatility of exchange rates in Cuba causes many citizens living on the island to closely monitor the developments 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 Currency Market in Cuba
What is the current exchange rate of the dollar in the informal Cuban market?
The exchange rate of the dollar in the Cuban informal market is 370 CUP per dollar, according to the latest report from elTOQUE.
What is the exchange rate for the euro in Cuba's informal market?
The euro is trading at 388 CUP in the Cuban informal market, remaining stable compared to previous days.
What is the Freely Convertible Currency (MLC) and what is its current value?
The Freely Convertible Currency (MLC) is a virtual currency used in Cuba for transactions in certain stores. Currently, its value is 260 CUP in the informal market.
Why do Cubans closely monitor the informal exchange rate?
Cubans closely monitor the informal exchange rate because it directly impacts their purchasing power. In an economy marked by scarcity and inflation, the volatility of exchange rates can affect the ability to acquire basic goods and services.
How does the volatility of the Cuban peso affect the domestic economy of citizens?
The volatility of the Cuban peso generates an inflationary spiral that particularly affects those who rely on income in national currency. This forces citizens to seek strategies to protect their purchasing power, such as acquiring foreign currencies for transactions in the black market or planning remittance transfers from abroad.
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