The price of the U.S. dollar in the Cuban informal market opened this Sunday at 387 Cuban pesos, according to the reference rate published by the independent media elTOQUE.
This figure represents a challenge for those who rely on that currency to access essential products that are only available in the dollar stores in Cuba.
On the other hand, the euro also continues to rise. It is once again priced at 435 CUP, a record set on the previous day. This makes it the most expensive currency on the streets.
That trend of the euro and the dollar maintaining a high price in the informal market reinforces inflationary pressure in a context of scarcity, low supply, and the persistent depreciation of the Cuban peso.
Exchange Rate Evolution
The MLC, necessary for purchases in some state-run stores that accept foreign currency, has reached a value of 225 CUP. This figure reflects the widespread distrust in the Cuban peso and the increasing preference for more stable currencies.
Informal exchange rate in Cuba, Sunday, July 20, 2025 - 07:00
Dollar (USD) exchange rate to Cuban pesos (CUP): 387 CUP
Exchange rate of the euro (EUR) to Cuban pesos (CUP): 435 CUP
Exchange rate from (MLC) to Cuban pesos CUP: 225 CUP
Banknote equivalents:
Dollar (USD):
- 1 USD = 387 CUP
- 5 USD = 1,935 CUP
- 10 USD = 3,870 CUP
- 20 USD = 7,740 CUP
- 50 USD = 19,350 CUP
- 100 USD = 38,700 CUP
Euro (EUR):
- 5 EUR = 2.175 CUP
- 10 EUR = 4,350 CUP
- 20 EUR = 8,700 CUP
- 50 EUR = 21,750 CUP
- 100 EUR = 43,500 CUP
- 200 EUR = 87,000 CUP
- 500 EUR = 217,500 CUP
Frequently asked questions about exchange rates in Cuba
What is the exchange rate of the dollar in the Cuban informal market?
The US dollar is currently trading at 387 Cuban pesos (CUP) on the informal market. This figure reflects the high demand for dollars in Cuba, where it is used to access essential products in stores that operate with foreign currency. The stability of this rate in recent weeks highlights the country's economic dependence on foreign currencies.
What is the exchange rate of the euro on the Cuban black market?
The euro is quoted at 435 Cuban pesos (CUP), setting a record for its value in the informal market. This figure highlights the euro as the most expensive currency in Cuba, due to its limited availability and the increase in demand, especially from those engaged in international transactions or receiving remittances from Europe. The appreciation of the euro also reflects the ongoing depreciation of the Cuban peso.
What is the MLC and what is its current value in Cuba?
The MLC (Freely Convertible Currency) is trading at 225 Cuban pesos (CUP) in the informal market. The MLC is primarily used in Cuban state stores for the purchase of basic products and consumer goods. Despite its official use, its value has weakened against the dollar and the euro, reflecting a preference for more stable currencies due to distrust in the Cuban peso.
Why is the Cuban peso continuing to depreciate against other currencies?
The depreciation of the Cuban peso is due to inflation, the scarcity of foreign currency, and economic instability on the island. These factors have led to an increasing reliance on the informal market for currency exchange, where citizens seek to protect their purchasing power. The lack of confidence in the peso as a savings currency also contributes to this ongoing depreciation.
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