The informal currency market in Cuba continues to show signs of activity, although at the moment it is the euro that consolidates its position as the absolute leader, having recorded a third consecutive day of increases this Saturday.
At dawn on this June 14, the European currency skyrockets to 410 CUP, three pesos more than the day before.
The euro has now recorded three consecutive days of breaking, one after another, its average selling record on the streets of the island.
The dollar does not rise today, remaining valued at 375 pesos, but be careful, the table reflecting the Median Values of buying and selling in the last 24 hours shows that the US currency would be selling at 377 CUP.
Exchange Rate Evolution
This increase could either solidify or not in the coming hours, depending on the monitoring of currencies carried out by the independent media elTOQUE based on the sales announcements published on social media.
The Freely Convertible Currency, for its part, continues to be sold today at 260 CUP.
The median of values, in this case, indicates a decline in the selling price of the virtual currency, which has dropped by four points.
An article published this week by the aforementioned independent media outlet indicated—based on an analysis from the Currency and Finance Observatory of Cuba (OMFi)—that it was likely the exchange market for the remainder of June would become "more active and uncertain" than in previous months, and so far, this has indeed been the case.
Exchange rate today 06/14/2025 - 8:24 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 375 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 410 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 260 CUP.
Projections for the remainder of June: An upward pressure on currencies is anticipated
The Observatory of Currencies and Finances of Cuba (OMFi) has explained that in May, there was a surplus of supply, and it forecasted that June could be dominated by an excess of demand, which would raise the exchange rate of currencies.
According to the forecasting models of OMFi, the likely values for the exchange rate in Cuba on June 30, 2025, would be as follows:
For the US dollar (USD), a central value of 385 Cuban pesos is projected, with a maximum value of 408 and a minimum of 365.
As for the euro (EUR), a central value of 406 Cuban pesos is estimated, with a maximum of 421 and a minimum of 385.
Finally, for the Freely Convertible Currency (MLC), the forecast indicates a central value of 274 Cuban pesos, reaching a maximum of 284 and a minimum of 260.
In all cases, the indicators show a rising trend compared to current values.
Frequently Asked Questions about the Informal Currency Market in Cuba
What is the current price of the euro in the Cuban informal market?
The price of the euro in the Cuban informal market is 410 CUP, according to the latest report from the independent media outlet elTOQUE. This figure represents a steady increase in recent days, solidifying the euro as the strongest currency in Cuba's informal market.
How has the price of the dollar evolved in the informal market in Cuba?
The United States dollar is currently priced at 375 CUP in the Cuban informal market. However, the median values suggest it could be selling at 377 CUP, indicating potential fluctuations in its value.
What projections are there for the currency market in Cuba by the end of June 2025?
The projections from the Observatory of Currencies and Finance of Cuba (OMFi) indicate upward pressure on foreign currencies. For the dollar, a central value of 385 Cuban pesos is expected. Regarding the euro, a central value of 406 CUP is estimated. The freely convertible currency (MLC) could reach a central value of 274 CUP, showing upward trends compared to current values.
Why is it important for Cubans to follow the informal exchange rate of the dollar, euro, and MLC?
For Cubans, the informal exchange rate determines their real purchasing power in an economy characterized by scarcity and inflation. These rates directly influence access to essential products and the ability to conduct transactions in a market where foreign currency is critical for acquiring goods that are not available in state commerce.
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