The price of the US dollar continues to rise in the informal Cuban market, and this Friday, July 11, it is trading at 385 pesos (CUP), according to the rate published by the independent outlet elTOQUE.
The US dollar continues to exert strong pressure on the national economy, where citizens turn to the dollar as a safe haven against the instability of the Cuban peso.
The euro is exchanged for 425 CUP in the informal market. The European currency has maintained an upward trend in recent weeks, driven by the increasing demand from those traveling or conducting transactions abroad, as well as its limited availability on the island.
The difference of 40 pesos compared to the dollar reaffirms its position as the most expensive currency in the market.
Exchange Rate Evolution
For its part, the Freely Convertible Currency (MLC), used in state-run stores, is currently at 235 CUP. Its price has decreased compared to the previous day by 5 pesos.
Informal exchange rate in Cuba, Friday, July 11, 2025 - 07:00
Exchange rate of the dollar (USD) to Cuban pesos (CUP): 385 CUP
Exchange rate of the euro (EUR) to Cuban pesos (CUP): 425 CUP
Exchange rate from (MLC) to Cuban pesos CUP: 235 CUP
Equivalence of dollar and euro bills in Cuban pesos
Dollars (USD) – Rate: 385 CUP
- $1 = 385 CUP
- $5 = 1,925 CUP
- $10 = 3,850 CUP
- $20 = 7,700 CUP
- $50 = 19,250 CUP
- $100 = 38,500 CUP
Euros (EUR) – Rate: 425 CUP
- €5 = 2,125 CUP
- €10 = 4,250 CUP
- €20 = 8,500 CUP
- €50 = 21,250 CUP
- €100 = 42,500 CUP
- €200 = 85,000 CUP
- €500 = 212,500 CUP
Frequently Asked Questions about the Foreign Exchange Market in Cuba
What is the current price of the dollar in the Cuban black market?
The US dollar is currently trading at 385 CUP in the Cuban informal market. This figure reflects the ongoing pressure on the national economy, where the dollar is a highly sought-after currency by citizens as a safe haven against the instability of the Cuban peso.
Why is the euro more expensive than the dollar in Cuba?
The euro is trading at 425 CUP, making it the most expensive currency in the Cuban informal market. Its high value is due to the increasing demand from those traveling or engaging in transactions abroad, as well as its limited availability on the island, which makes it more costly than the dollar.
What is the Freely Convertible Currency (MLC) and what is its current value?
The Freely Convertible Currency (MLC) is a currency used in Cuban state stores. Currently, its value is 235 CUP in the informal market, having decreased by 5 pesos compared to the previous day. Although it is less valuable than the euro and the dollar, it remains important for many transactions on the island.
How has the value of the dollar in Cuba evolved in recent months?
The dollar has shown a slow but steady increase in the Cuban informal market, starting June at 370 CUP and reaching 385 CUP in July. This rise reflects the ongoing devaluation of the Cuban peso and the strong demand for foreign currency among the population.
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