The United States dollar (USD) is trading this Tuesday, September 9, at 413 Cuban pesos (CUP) in the informal market of Cuba, according to the daily monitoring by elTOQUE.
This figure represents an increase of one peso compared to the previous day and confirms the upward trend of the US dollar on the island, driven by high demand in a context of currency scarcity and the sustained devaluation of the Cuban peso.
The euro (EUR) also maintains its position as the most expensive currency in the black market in Cuba. It reaches 465 CUP today. Its value greatly exceeds that of the dollar and costs three pesos more than it did on Monday.
On its part, the Freely Convertible Currency (MLC), which is used in state-run stores, was maintained at 195 CUP. It remains far from the values of the USD and the EUR, but it continues to be essential for accessing basic goods in certain areas of the country.
Exchange Rate Evolution
Informal exchange rate in Cuba, Tuesday, September 9, 2025 - 08:00 a.m.
Exchange rate of the dollar (USD) to Cuban pesos (CUP): 413 CUP
Exchange rate of the euro (EUR) to Cuban pesos (CUP): 465 CUP
Exchange rate from (MLC) to Cuban pesos CUP: 195 CUP
Equivalences in Cuban pesos (CUP) according to informal market rates
U.S. dollars (USD) at 413 CUP
- $1 USD = 413 CUP
- $5 USD = 2,065 CUP
- $10 USD = 4,130 CUP
- $20 USD = 8,260 CUP
- $50 USD = 20,650 CUP
- $100 USD = 41,300 CUP
Euros (EUR) to 465 CUP
- €5 EUR = 2,325 CUP
- €10 EUR = 4,650 CUP
- €20 EUR = 9,300 CUP
- €50 EUR = 23,250 CUP
- €100 EUR = 46,500 CUP
- €200 EUR = 93,000 CUP
- €500 EUR = 232,500 CUP
Frequently Asked Questions about the Informal Currency Market in Cuba
What is the current exchange rate of the dollar in the Cuban informal market?
The exchange rate of the United States dollar (USD) in the informal market of Cuba is 413 Cuban pesos (CUP). This figure represents an increase compared to previous days, reflecting high demand and the devaluation of the Cuban peso.
Why is the euro the most expensive currency in Cuba's informal market?
The euro is trading at 465 Cuban pesos (CUP) in the informal market, surpassing the dollar. This is due to its limited availability and high demand, especially among those receiving remittances from Europe or planning to emigrate to the European continent.
What impact does the devaluation of the Cuban peso have on the daily economy of citizens?
The depreciation of the Cuban peso against the dollar and the euro exacerbates inflation and complicates access to basic goods. Most Cubans rely on the informal market to obtain foreign currency, which is necessary to purchase essential items in stores that only accept foreign currency.
How does the economic situation affect the use of the Freely Convertible Currency (MLC) in Cuba?
The Freely Convertible Currency (MLC) is trading at 195 Cuban pesos (CUP) and remains crucial for accessing products in state stores. Although its value is lower than that of the dollar and the euro, its use continues to be important due to the limitations of commerce in Cuban pesos.
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