Another day of changes in the Cuban informal market.
After reaching a record of 430 CUP per euro in the previous session, the European currency takes a step back this Tuesday, decreasing to 427 CUP.
The dollar and the freely convertible currency (MLC), for their part, remain unchanged compared to the previous day.
The US dollar remains valued at 385 CUP and the MLC at 230.
Exchange Rate Evolution
Exchange rate today 07/15/2025 - 7:32 a.m. in Cuba:
Dollar exchange rate USD to CUP according to elTOQUE: 385 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 427 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 230 CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), based on the exchange rates as of July 15:
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 (EUR) banknotes to Cuban Peso (CUP):
1 EUR = 427 CUP.
5 EUR = 2.135 CUP.
10 EUR = 4,270 CUP.
20 EUR = 8,540 CUP.
50 EUR = 21,350 CUP.
100 EUR = 42,700 CUP.
200 EUR = 85,400 CUP.
500 EUR = 213,500 CUP.
Frequently asked questions about the informal currency market in Cuba
What is the exchange rate of the euro in the informal Cuban market today?
The exchange rate of the euro today is 427 CUP. Although it has slightly decreased from its previous record of 430 CUP, it remains the most expensive currency in the informal Cuban market. The preference for the euro is partly due to its use in international transactions and its stability compared to other currencies.
How has the US dollar performed in the informal Cuban market?
The US dollar remains stable at 385 CUP in the informal market. Despite its recent stability, the currency has experienced fluctuations in the past due to high demand and inflation on the island. Its value is closely monitored by Cubans due to its impact on purchasing power.
What is the current situation of the freely convertible currency (MLC) in Cuba?
The MLC is trading at 230 CUP in the informal market. Although its value has decreased compared to previous months, it remains a crucial currency for purchases in state-run stores. The depreciation reflects the loss of purchasing power and the economic complexities of the country.
What are the implications of the fragmentation of exchange rates in Cuba?
The fragmentation of exchange rates in Cuba generates economic inequality. There are at least three rates: an official one for businesses, another banking rate for the population, and one from the informal market. This situation, described as a "distortion," further complicates the Cuban economy, impacting the purchasing power of citizens and economic equity on the island.
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