The US dollar closed the last day of the year at 435 Cuban pesos (CUP) in the informal market, according to the rate published on December 31 by elTOQUE.
The U.S. dollar maintains its strength against the peso, driven by the high demand from Cubans who rely on remittances and cash operations due to the scarcity of foreign currency in state banks and CADECA exchange houses. Despite the regime's efforts to contain inflation, the greenback remains the primary reference for daily transactions.
The euro, for its part, maintained a value of 480 CUP, consolidating itself as the most expensive currency in the informal market. Its constant increase reflects the loss of confidence in the Cuban peso and the preference for European currencies for travel and savings.
Meanwhile, the price of the Freely Convertible Currency (MLC) plummeted this Wednesday. It is quoted at 400 CUP, which is 10 pesos less than the previous day.
Exchange Rate Evolution
The end of the year confirms the trend of depreciation of the Cuban peso and the sustained increase in the cost of foreign currencies.
Informal exchange rate in Cuba. Wednesday, December 31, 2025 - 05:00
Exchange rate of the dollar (USD) to Cuban pesos (CUP): 435 CUP
Exchange rate of the euro (EUR) to Cuban pesos (CUP): 480 CUP
Exchange rate from (MLC) to Cuban pesos CUP: 400 CUP
Equivalence of Dollar and Euro bills to Cuban Peso
Dollar to Cuban pesos:
- $1 USD → 435 CUP
- $2 USD → 870 CUP
- $5 USD → 2,175 CUP
- $10 USD → 4,350 CUP
- $20 USD → 8,700 CUP
- $50 USD → 21,750 CUP
- $100 USD → 43,500 CUP
Euro to Cuban pesos:
- €5 EUR → 2,400 CUP
- €10 EUR → 4,800 CUP
- €20 EUR → 9,600 CUP
- €50 EUR → 24,000 CUP
- €100 EUR → 48,000 CUP
- €200 EUR → 96,000 CUP
- €500 EUR → 240,000 CUP
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