The informal exchange rate in Cuba shows stability this Sunday for the United States dollar and the euro, while the freely convertible currency (MLC) records a decline, reflecting slight variations in the market.
Exchange Rate Sunday, July 6, 2025 - 1:00 PM
Dollar (USD) to Cuban pesos (CUP) exchange rate: 384 CUP
Exchange rate of the euro (EUR) to Cuban pesos (CUP): 425 CUP
Exchange Rate Evolution
Exchange rate from MLC to Cuban pesos (CUP): 245 CUP
In the case of the Freely Convertible Currency, the figure represents a decrease compared to the rate from Friday, when it was trading at 250 CUP.
In this way, the informal market shows some stability for the dollar and the euro, while the decline in MLC becomes a positive change for families' finances.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP):
1 USD = 384 CUP.
5 USD = 1,920 CUP.
10 USD = CUP 3,840.
20 USD = 7,680 CUP.
50 USD = 19,200 CUP.
100 USD = CUP 38,400.
Equivalence of Euro (EUR) banknotes to Cuban Peso (CUP):
1 EUR = 425 CUP.
5 EUR = 2.125 CUP.
10 EUR = 4,250 CUP.
20 EUR = 8,500 CUP.
50 EUR = 21,250 CUP.
100 EUR = 42,500 CUP.
200 EUR = 85,000 CUP.
500 EUR = 212,500 CUP.
It is worth noting that the Cuban economy currently operates with at least three exchange rates: an official rate for businesses (24 CUP), a banking rate for the population (120 CUP), and an informal market rate (around 380 CUP in the case of the dollar).
This fragmentation, deemed a "distortion" by the authorities themselves, exacerbates the inequality among Cubans living on the island.
Frequently Asked Questions about the Exchange Rate in Cuba
What is the exchange rate of the dollar in the informal market in Cuba?
The US dollar is trading at 384 CUP in the informal market in Cuba. This figure reflects recent stability after a slight decline from 385 CUP. Despite this stability, the dollar remains one of the most sought-after currencies on the island, in a context of high inflation and economic scarcity.
What is the current exchange rate of the euro in Cuba?
The euro is currently trading at 425 CUP in the Cuban informal market. This rate demonstrates that the euro remains a highly valued and sought-after currency, surpassing the dollar due to its stability against inflation and as a means to protect purchasing power.
What is the Freely Convertible Currency (MLC) and what is its current value?
The Freely Convertible Currency (MLC) is a currency primarily used in Cuban state stores to access essential goods. Currently, the MLC is trading at 245 CUP, showing a slight decrease from the 250 CUP of previous days. This decrease represents a relative relief for consumers who rely on this currency for their everyday purchases.
Why are there different exchange rates in Cuba?
In Cuba, there are at least three exchange rates: an official rate for companies, a banking rate for the population, and one from the informal market. This fragmentation is described as a "distortion" by the authorities and contributes to economic inequality on the island. The official rate for companies is 24 CUP, while the banking rate for the population is 120 CUP, significantly lower than that of the informal market.
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