The Freely Convertible Currency (MLC) is not standing still and continues its unstoppable roller coaster ride in the Cuban informal market.
In recent hours, the MLC has changed its price again, this time increasing.
The digital monetary abomination that the Cuban regime has been operating since 2019, has escalated to 393 CUP, which represents an increase of three pesos compared to its value the previous day.
The dollar and the euro, on their part, remain unchanged and emphasize their streak of stability.
Exchange Rate Evolution
The US dollar remains valued at 515 CUP, and the euro at 580 CUP, according to the daily report from elTOQUE, which documents the fluctuations of currencies in street-level sales.
Both currencies maintain a stability that has already reached 11 consecutive days, one of the longest streaks so far this year.
Exchange rate today 2/04/2026 - 7:45 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 515 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 580 CUP.
Exchange rate from MLC to CUP according to TOQUE: 393 CUP.
The MLC roller coaster
The Freely Convertible Currency (MLC), created by the regime as a mechanism to attract foreign exchange, has recently become one of the most volatile indicators of the already fragmented currency market on the island.
Although it was originally presented as a temporary solution to supply stores with hard currency, in practice it has become trapped between the structural scarcity of foreign exchange, state restrictions, and the increasing reliance on the informal market.
Its value, which lacks clear backing or an official transparent exchange rate against the Cuban peso, is determined on the street, where supply and demand quickly respond to any economic or political signals.
The constant fluctuations of the MLC reflect the fragility of the Cuban monetary system and the population's distrust in that instrument.
Unlike the dollar or the euro, which are viewed as safer havens, the MLC is directly influenced by internal government decisions and the availability of products in state stores, leading to sharp fluctuations in its value.
Rumors about changes in sales policy, shortages, or new restrictions are usually enough to drive up their value or cause sudden crashes, highlighting a highly sensitive market that lacks stability.
Equivalence of United States Dollar (USD) bills to Cuban Peso (CUP), according to the exchange rates of this April 2nd:
1 USD = 515 CUP.
2 USD = 1,030 CUP.
5 USD = 2,575 CUP.
10 USD = 5,150 CUP.
20 USD = 10,300 CUP.
50 USD = 25,750 CUP.
100 USD = 51,500 CUP.
Equivalence of Euro (EUR) bills to Cuban Peso (CUP):
1 EUR = 580 CUP.
5 EUR = 2,900 CUP.
10 EUR = 5,800 CUP.
20 EUR = 11,600 CUP.
50 EUR = 29,000 CUP.
100 EUR = 58,000 CUP.
200 EUR = 116,000 CUP.
500 EUR = 290,000 CUP.
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