The informal currency market in Cuba starts off with two notable developments: the price of the dollar is decreasing, as well as the price of the MLC.
At dawn this Thursday, the U.S. dollar falls to 440 CUP per unit, which represents a decrease of five pesos.
In the case of the Freely Convertible Currency (MLC), it drops to 290 CUP, which represents a decline of five units compared to the price it reached the day before.
The euro, for its part, remains stable, according to the report from the independent medium elTOQUE, which documents the price fluctuations of currencies in Cuba, published on December 11th.
Exchange Rate Evolution
The European currency remains valued at 490 CUP, a price it has held for several days.
Exchange rate today 11/12/2025 - 6:56 a.m. in Cuba:
Dollar exchange rate USD to CUP according to elTOQUE: 440 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 of December 11:
1 USD = 440 CUP.
5 USD = 2,200 CUP.
10 USD = 4,400 CUP.
20 USD = 8,800 CUP.
50 USD = 22,000 CUP.
100 USD = 44,000 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 outlet elTOQUE.
This offensive includes criminal investigations, threats against currency exchange operators, and a communication strategy aimed at discrediting alternative sources of pricing for the dollar, the euro, and other currencies.
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