This Saturday, the average selling price of the three benchmark currencies in the Cuban informal market remains unchanged, according to the daily report from elTOQUE.
At 10:00 a.m. (Cuban local time) on July 12, the U.S. dollar is valued at 385 CUP; the euro at 425 and the MLC at 235 pesos, all the same as the previous day.
The median values highlight the sale of the euro at 430 CUP, and the sale of the dollar at 387, which represents an increase of five pesos for the euro and two pesos for the dollar.
Exchange Rate Evolution
Exchange rate today 12/07/2025 - 10:37 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 385 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 425 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 235 CUP.
A recent article published by teleSUR and reproduced by Cubadebate accused elTOQUE of participating in a U.S. strategy to destabilize Cuba through the manipulation of informal foreign exchange market rates, which constitutes another chapter in an old narrative of the Cuban official discourse, lacking solid evidence and omitting the internal causes of the economic crisis on the island.
elTOQUE does not set the market; it simply reflects existing dynamics in an environment without reliable official data.
Blaming the environment for the devaluation of the peso overlooks the structural imbalances that lead to the rise of the informal market.
In response to these accusations, elTOQUE stated that its methodology is "transparent, scientific, and free from political manipulation." This methodology has been validated by academic research, including a publication in Applied Economics, and has even been recognized by Cuban authorities such as the Minister of Economy.
They also argued that they maintain an independent and open editorial policy, with public documentation of their sources and processes.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates as of July 12th:
1 USD = 385 CUP.
5 USD = 1,925 CUP.
10 USD = 3,850 CUP.
20 USD = 7,700 CUP.
50 USD = 19,250 CUP.
100 USD = 38,500 CUP.
Equivalence of Euro bills (EUR) 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.
Filed under: