The week starts off busy in the Cuban informal currency market: the dollar drops in price while the Convertible Currency (MLC) rises, as reported by the independent media elTOQUE.
At 6:00 a.m. (Cuban local time), the dollar is selling for an average of 445 CUP, which represents a drop of five pesos compared to the value it held a week ago.
The MLC, which has recently entered a rollercoaster dynamic—with sudden drops or surges in its average selling value—has risen in the past few hours and is now at 290 CUP on December 8th. This figure represents an increase of ten pesos compared to the previous day.
The euro, for its part, remains stable, valued at 490 CUP.
Exchange Rate Evolution
Exchange rate today 12/08/2025 - 6:41 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 445 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 490 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 290 CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates as of December 8th:
1 USD = 445 CUP.
5 USD = 2,225 CUP.
10 USD = 4,450 CUP.
20 USD = 8,900 CUP.
50 USD = 22,250 CUP.
100 USD = 44,500 CUP.
Equivalence of Euro (EUR) bills to Cuban Peso (CUP):
1 EUR = 490 CUP.
5 EUR = 2,450 CUP.
10 EUR = 4,900 CUP.
20 EUR = 9,800 CUP.
50 EUR = 24,500 CUP.
100 EUR = 49,000 CUP.
200 EUR = 98,000 CUP.
500 EUR = 245,000 CUP.
In recent weeks, the Cuban government has intensified its campaign against the informal currency market and against the reference rate published by the independent media elTOQUE.
This offensive includes criminal investigations, threats to currency exchange operators, and a communication strategy focused on discrediting alternative sources of prices for the dollar, euro, and other currencies.
Although the attack may seem like a distraction from the deep economic crisis in the country, an article published last Monday by economist Pavel Vidal in elTOQUE suggests that the real objective is to clear the way for implementing a new official floating exchange rate, weakening the informal market and its key players beforehand.
Filed under:
