This Tuesday, the informal currency market in Cuba opens with two completely opposite developments compared to the previous day: the price of the euro has fallen, and the value of the Convertible Currency (MLC) has also dropped.
On February 24th, only the dollar remains stable.
The US dollar currently holds at 505 CUP, a figure it has maintained since last Friday, when it reached a new record that pushed the dollar to exceed the threshold of 500 pesos in informal sales in Cuba, according to the reference rate published by elTOQUE.
For the rest, at 6:00 a.m. (Cuban local time) this Tuesday, the euro drops to 565 euros, five pesos less than the record figure it reached yesterday.
Exchange Rate Evolution
The MLC, for its part, adds another episode of instability and falls again, this time to 405 CUP, five units lower than the previous day.
In recent weeks, the MLC has been the main actor in a true price dance between 400 and 420 CUP, with frequent fluctuations that have made it the most volatile currency.
Exchange rate today, 02/24/2026 - 6:25 a.m. in Cuba:
Dollar exchange rate USD to CUP according to elTOQUE: 505 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 565 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 405 CUP.
The rates published by elTOQUE have become a key indicator for measuring the real evolution of the Cuban peso against foreign currencies, in a context where the official exchange rate (1 USD = 24 CUP for legal entities and 1 USD = 120 CUP in the state currency market) remains far below the values that prevail in everyday practice.
This is compounded by the so-called "floating" exchange rate, which, although it was presented as a more flexible mechanism since mid-December, remains far from the informal rate and fails to meet the actual demand for foreign currency among the population.
The gap between the official and informal rates reflects the persistent shortage of foreign currency in the state banking system and the high demand for dollars and euros among the population, whether for emigrating, importing goods, protecting savings, or making purchases in the private sector.
In an environment of sustained inflation, low state salaries, and increasing partial dollarization of the economy, every fluctuation in the informal market directly affects internal prices and the purchasing power of Cubans.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this February 24:
1 USD = 505 CUP.
5 USD = 2,525 CUP.
10 USD = 5,050 CUP.
20 USD = 10,100 CUP.
50 USD = 25,250 CUP
100 USD = 50,500 CUP.
Equivalence of Euro banknotes (EUR) to Cuban Peso (CUP):
1 EUR = 570 CUP.
5 EUR = 2,850 CUP.
10 EUR = 5,700 CUP.
20 EUR = 11,400 CUP.
50 EUR = 28,500 CUP.
100 EUR = 57,000 CUP.
200 EUR = 114,000 CUP.
500 EUR = 285,000 CUP.
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