The price of the US dollar continues its upward trend in the Cuban informal market and on June 13 stands at 375 Cuban pesos (CUP), according to the daily rate monitoring conducted by the independent media elTOQUE. However, it is the euro that is capturing attention due to its behavior in the black market.
The dollar remains the most sought-after currency on the street due to its widespread acceptance in transactions and remittances, but the euro is recording a record figure for the second consecutive day.
The European currency is quoted this Friday at 407 CUP, solidifying its position as the most expensive currency on the black market, driven by its scarcity and high demand in transactions related to informal trade.
In regard to the Freely Convertible Currency (MLC), used in state-owned stores in foreign currencies, it has reached 260 CUP. Although its value is lower compared to the euro or the dollar, its presence remains crucial in the daily consumption of many Cubans.
Exchange Rate Evolution
Informal exchange rate in Cuba, Friday, June 13, 2025 - 07:00
- Exchange rate of the dollar (USD) to Cuban pesos (CUP): 375 CUP
- Exchange rate of the euro (EUR) to Cuban pesos (CUP): 407 CUP
- Exchange rate from (MLC) to Cuban pesos CUP: 260 CUP
Equivalencies in Cuban pesos according to common denominations
Dollars (USD) - Rate: 375 CUP
- $1 USD = 375 CUP
- $5 USD = 1,875 CUP
- $10 USD = 3,750 CUP
- $20 USD = 7,500 CUP
- $50 USD = 18,750 CUP
- $100 USD = 37,500 CUP
Banknotes in Euros (EUR) – Rate: 407 CUP
- €5 EUR = 2,035 CUP
- €10 EUR = 4,070 CUP
- €20 EUR = 8,140 CUP
- €50 EUR = 20,350 CUP
- €100 EUR = 40,700 CUP
- €200 EUR = 81,400 CUP
- €500 EUR = 203,500 CUP
Frequently Asked Questions about Exchange Rates in Cuba
Why has the euro reached a record high in Cuba's informal market?
The euro has reached a record in Cuba's informal market due to its scarcity and high demand, especially in operations related to informal trade. This phenomenon has caused the euro to be valued at 407 Cuban pesos (CUP), making it the most expensive currency in the Cuban black market.
What is the current exchange rate of the dollar in the informal Cuban market?
Currently, the US dollar is trading at 375 Cuban pesos (CUP) in Cuba's informal market. This rate reflects a continuous upward trend driven by its high demand for transactions and remittances.
What is the Freely Convertible Currency (MLC) and what is its current value?
The Freely Convertible Currency (MLC) is a currency used in state-run stores in Cuba for the purchase of high-demand products. Currently, its value in the informal market is 260 Cuban pesos (CUP). Although its value is lower compared to the euro and the dollar, it remains a key reference for many transactions on the island.
How does the volatility of the informal currency market affect the Cuban economy?
The volatility of the informal currency market in Cuba directly affects the purchasing power of the population, as fluctuations in exchange rates increase economic uncertainty and inflation. The absence of a reliable official rate and a functional state currency market have turned the black market into the main monetary barometer of the country.
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