Loose hair and open road... that's how the dollar and euro are faring in Cuba. At dawn this Thursday, both currencies are seeing significant price increases in the informal market, according to the daily report from elTOQUE.
In the last few hours, the dollar has surged by five pesos in one go and is now at 410 CUP.
The euro, for its part, rises to 455 CUP, which represents an increase of two units.
The freely convertible currency (MLC), on the other hand, falls to 193 CUP, a movement that confirms the plunge into the depths of the virtual currency with which the regime operates.
Exchange Rate Evolution
In light of the increasing activity of the three reference currencies in the Cuban informal market, particularly the dollar and the euro in recent months, it is a fact that the national currency is becoming weaker and that ordinary Cubans are losing purchasing power.
Meanwhile, the Cuban government remains silent despite promises of currency reform, which it has not yet commented on.
Exchange rate today 08/28/2025 - 6:38 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 410 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 455 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 193 CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates as of August 28:
1 USD = 410 CUP.
5 USD = 2,050 CUP.
10 USD = 4,100 CUP.
20 USD = 8,200 CUP.
50 USD = 20,500 CUP.
100 USD = 41,000 CUP.
Equivalence of Euro (EUR) banknotes to Cuban Peso (CUP):
1 EUR = 455 CUP.
5 EUR = 2,275 CUP.
10 EUR = 4,550 CUP.
20 EUR = 9,100 CUP.
50 EUR = 22,750 CUP.
100 EUR = 45,500 CUP.
200 EUR = 91,000 CUP.
500 EUR = 227,500 CUP.
In July, Manuel Marrero announced changes in the official exchange market in Cuba, changes that -as he indicated- are expected to be implemented in the second half of the year. However, so far nothing has been finalized.
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