The US dollar and the euro are up this Sunday in the informal currency market in Cuba, following a week initially marked by declines and then by a gradual recovery.
At 10:00 a.m., Cuban local time, places the U.S. dollar at 783 Cuban pesos (CUP), while the euro reaches 878 CUP.
The dollar gains 5 pesos compared to the average value of the previous trading day used as a reference for this opening. Its current buying and selling range is between 780 and 785 CUP.
The euro, for its part, rises by 2.5 pesos and is now at 878 CUP, with buying references at 870 CUP and selling at 885 CUP. The European currency maintains a significant lead over the dollar, which is 95 pesos apart this Sunday.
The week began, however, with a very different direction. Last Sunday, the dollar closed at 785 CUP and the euro at 879 CUP. The following day, a strong correction occurred: the dollar dropped to 770 CUP and the euro to 872 CUP.
Exchange Rate Evolution
On Tuesday, the dollar remained at 770 CUP, while the euro closed the day at 865 CUP. On Wednesday, the decline continued: the dollar fell to 768 CUP and the euro to 860 CUP.
The trend change occurred on Thursday. The dollar rose to 775 CUP and the euro gained ground, reaching 867 CUP. On Friday, the dollar remained at 775 CUP, but the euro continued to rise and closed at 872 CUP.
The recovery became clearer on Saturday: by the end of the day, the dollar had climbed to 783 CUP and the euro to 876 CUP. This Sunday, the US dollar remains at that level while the euro adds another two pesos, reaching 878 CUP.
Thus, the daily behavior of the two main currencies over the last week was characterized by a decline between Monday and Wednesday, followed by a recovery starting Thursday
- Sunday 4: dollar 785 CUP | euro 879 CUP.
- Monday 5: dollar 770 CUP | euro 872 CUP.
- Tuesday 6: dollar 770 CUP | euro 865 CUP.
- Wednesday 7: dollar 768 CUP | euro 860 CUP.
- Thursday the 8th: dollar 775 CUP | euro 867 CUP.
- Friday 9: dollar 775 CUP | euro 872 CUP.
- Saturday 10: dollar 783 CUP | euro 876 CUP.
- Sunday 11: dollar 783 CUP | euro 878 CUP.
The MLC appears this Sunday with an indicative average value of 497 CUP.
From a monthly perspective, the pressure on the Cuban peso remains significant. The dollar has gained 95 pesos, rising from 688 CUP 30 days ago, an increase of 13.8%, while the euro has gained 93 pesos, moving from 785 CUP, equivalent to 11.9%.
The difference with the official market remains significant. The exchange rate set by the Central Bank of Cuba for Segment III is 698 CUP per dollar and 781 CUP per euro. Compared to the informal market, the gap is 85 pesos for the dollar and 97 pesos for the euro.
Dollar exchange rate this Sunday:
- 1 USD = 783 CUP
- 5 USD = 3,915 CUP
- 10 USD = 7,830 CUP
- 20 USD = 15,660 CUP
- 50 USD = 39,150 CUP
- 100 USD = 78,300 CUP
Euro exchange rate this Sunday:
- 1 EUR = 878 CUP
- 5 EUR = 4,390 CUP
- 10 EUR = 8,780 CUP
- 20 EUR = 17,560 CUP
- 50 EUR = 43,900 CUP
- 100 EUR = 87,800 CUP
- 200 EUR = 175,600 CUP
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