The informal currency market in Cuba starts this Friday unchanged for the second consecutive day, according to the daily monitoring by elToque.
The dollar consolidates its record value of 530 CUP; the euro remains at 600 CUP for the sixth consecutive day, and the freely convertible currency (MLC) holds at 400 CUP for the third consecutive day.
The day solidifies the record values reached during the two-week period in which the Cuban peso has experienced consecutive depreciations.
The dollar has remained at 530 CUP for three consecutive days, a level it reached on April 22.
Exchange Rate Evolution
The euro, for its part, remains at 600 CUP, the threshold it reached on Sunday, April 19, marking a historic milestone for the European currency in Cuba.
The Free Convertible Currency (MLC) is currently valued at 400 CUP, after several days of fluctuating between 385 and 400 pesos.
Exchange rate today 04/23/2026 - 8:22 a.m. in Cuba:
Exchange rate of the USD to CUP according to elTOQUE: 530 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 600 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 400 CUP.
The Observatory of Currency and Finance of Cuba projected by the end of April that the dollar would reach 533 CUP, with a fluctuation range of between 503 and 590 CUP, indicating that the upward trend has not yet concluded.
For the euro, the likely scenario points to 604 CUP, with a range between 574 and 640 CUP.
The currency crisis has its roots in the failed monetary reform of 2021, known as "Tarea Ordenamiento", which aimed to eliminate the dual currency but resulted in severe inflationary distortions.
Since 2020, the Cuban peso has lost approximately 95% of its value against the dollar in the informal market, dropping from 42 CUP per dollar to the current 530 CUP.
In just the last twelve months, the dollar rose by 47.8%, from 345 CUP in March 2025 to 510 CUP in March 2026.
The acceleration of depreciation in 2026 is due to the energy crisis caused by the halt of fuel shipments from Venezuela and Mexico, the decline in tourism, and the shortage of foreign currency in the official banking system, factors that have sharply increased the demand for foreign currency for daily transactions among Cubans.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates as of April 24:
1 USD = 530 CUP.
5 USD = 2,650 CUP.
10 USD = 5,300 CUP.
20 USD = 10,600 CUP.
50 USD = 26,500 CUP.
100 USD = 53,000 CUP.
Equivalence of Euro (EUR) bills to Cuban Peso (CUP):
1 EUR = 600 CUP.
5 EUR = 3,000 CUP.
10 EUR = 6,000 CUP.
20 EUR = 12,000 CUP.
50 EUR = 30,000 CUP.
100 EUR = 60,000 CUP.
200 EUR = 120,000 CUP.
500 EUR = 300,000 CUP.
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