The euro remains out of control in the Cuban informal market, where on Monday, June 16, 2025, it reached 415 CUP, according to the reference rate published by the independent outlet elTOQUE.
This increase of five pesos compared to the previous session confirms the upward trend of the European currency, which is 40 pesos higher than the US dollar, and reflects the growing demand for strong currencies amid the economic crisis the island is experiencing.
For its part, the U.S. dollar is currently trading at 375 CUP on the black market, a figure that keeps it as one of the most sought-after currencies by Cubans for transactions, savings, or remittances.
Despite inflationary pressures and cash shortages, the greenback remains a key reference in the informal operations of the country.
Exchange Rate Evolution
The MLC (Freely Convertible Currency), used in Cuban state stores, remains at 260 pesos. Although its value is lower than that of the euro and the dollar, it maintains its significance due to its use in the state commercial network, where food and essential products unavailable in Cuban pesos are sold.
Informal exchange rate in Cuba, Monday, June 16, 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): 415 CUP
Exchange rate from (MLC) to Cuban pesos CUP: 260 CUP
Equivalence of banknotes in Cuban pesos
United States Dollar (USD) – 1 USD = 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
Euro (EUR) – 1 EUR = 415 CUP
- €5 EUR = 2,075 CUP
- €10 EUR = 4,150 CUP
- €20 EUR = 8,300 CUP
- €50 EUR = 20,750 CUP
- €100 EUR = 41,500 CUP
- €200 EUR = 83,000 CUP
- €500 EUR = 207,500 CUP
Frequently Asked Questions about the Informal Currency Market in Cuba
What is the current price of the euro in the Cuban black market?
The euro has reached a new high of 415 Cuban pesos (CUP) in Cuba's informal market, standing out as the most expensive currency and exceeding the U.S. dollar by 40 pesos.
Why is there such high demand for the euro in Cuba?
The high demand for the euro in Cuba is due to its scarcity and increasing value, making it a preferred currency for international transactions and savings, especially in the context of economic crisis and inflation on the island.
What is the current exchange rate of the US dollar in the Cuban black market?
The US dollar is currently trading at 375 Cuban pesos (CUP) in the informal market, remaining one of the most sought-after currencies for transactions, savings, and remittances.
What is the MLC and what is its value in the Cuban market?
MLC, or Freely Convertible Currency, is used in Cuban state stores and is currently valued at 260 Cuban pesos (CUP). Although its value is lower than that of the euro and the dollar, it remains important for purchasing essential goods in the state commercial system.
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