For the second consecutive day, the informal currency exchange market in Cuba opens stable.
At 8:00 a.m. this Monday, the dollar remains valued at 370 CUP and the euro at 390, both values that were reached last week, as reported in the daily bulletin of the independent outlet elTOQUE.
Also unchanged the MLC, which remains priced at 260 CUP, the price it reached on May 25, after a slight decrease.
Exchange rate today 05/26/2025 - 8:18 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 370 CUP.
Exchange Rate Evolution
Exchange rate of the euro EUR to CUP according to elTOQUE: 390 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 260 CUP.
Forecast for the informal currency market in Cuba for the remainder of the month
According to the latest report published by the Observatory of Currencies and Finances of Cuba (OMFi), in recent days, the dollar and the euro have increased in price with relative stability, although it is expected that they may stagnate in these final days of May due to a trend towards an increase in the willingness to sell.
"The temporary excess supply of dollars in the market could interrupt the upward trend that the U.S. currency has exhibited since March," warned Cuban economist Pavel Vidal, who is based in Colombia, in the report.
Their predictions for the end of this month are around 357-368 pesos per dollar and 372-383 pesos per euro, while the MLC could be around 255-265 pesos.
Despite the slight slowdown that is expected, the report indicates that dollarization is driving the "increased demand for the US dollar."
The document elaborated on the sensitivity of this trend, which can have serious consequences for citizens, including the increase in prices of products sold by many private businesses that import in foreign currency and then sell in pesos, leading to higher prices to achieve profits.
As is already known, another consequence of the expansion of dollar consumption is that it deepens the gap between those who have access to foreign currency and those who do not.
In the midst of this situation, exacerbated by constant and prolonged power outages, the expert advises citizens with access to foreign currency to make every effort to retain it, while not neglecting the national currency.
Equivalents of each available banknote 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 26:
USD 1 = 370 CUP.
USD 5 = 1850 CUP.
USD 10 = 3700 CUP.
USD 20 = 7400 CUP.
USD 50 = 18,500 CUP.
USD 100 = 37,000 CUP.
EUROS (EUR)
EUR 1 = 390 CUP.
EUR 5 = 1950 CUP.
EUR 10 = 3900 CUP.
EUR 20 = 7800 CUP.
EUR 50 = 19,500 CUP.
EUR 100 = 39,000 CUP.
EUR 200 = 78,000 CUP.
Frequently Asked Questions about the Informal Currency Market in Cuba
What are the current exchange rates for the dollar, euro, and MLC in Cuba?
The dollar is priced at 370 CUP, the euro at 390 CUP, and the MLC at 260 CUP, according to the independent media outlet elTOQUE.
Why is the informal currency market important in Cuba?
The informal market is crucial because it deters the real purchasing power of Cuban citizens. The volatility in exchange rates directly affects those who rely on the informal market to access foreign currency, necessary to acquire basic products due to shortages and inflation.
What is the forecast for currencies in the Cuban informal market for the remainder of May 2025?
It is expected that exchange rates will remain stable, with the dollar between 357-368 CUP and the euro between 372-383 CUP. The MLC could be around 255-265 CUP, according to the Observatory of Coins and Finance of Cuba (OMFi).
What are the consequences of the dollarization of the Cuban economy?
Dollarization exacerbates economic inequalities, as those with access to foreign currency can purchase products that are unavailable to those who only have Cuban pesos. Furthermore, it raises the prices of goods in private businesses that must import using foreign currency.
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