The U.S. dollar reaches its highest level of the month this Thursday in the informal currency market in Cuba, standing at 823 Cuban pesos (CUP), five pesos more than the previous day.
The euro also continues to rise, while the Freely Convertible Currency (MLC) shows a significant fluctuation.
According to , the dollar has an average quotation of 823 CUP, with a buying reference of 820 pesos and a selling reference of 825 pesos. The recent increase confirms the upward trend of the U.S. currency, which is also at its highest point in the last 30 days.
In just one week, the dollar has gained 25.50 Cuban pesos, rising from 797 to 823 CUP, an increase of approximately 3.2%.
The comparison with 30 days ago shows an even greater increase: around 105 pesos, up from the 718 CUP recorded at the end of September. This represents an approximate increase of 14.6%, although the monthly comparison should be interpreted with caution as it may reflect adjustments in the index methodology.
Exchange Rate Evolution
During that period, the dollar has fluctuated between a low of 718 CUP and the current high of 823 CUP, a trend that reflects the depreciation of the Cuban peso against the U.S. dollar.
The euro also records a new increase, reaching 913 Cuban pesos, three pesos above the 910 CUP from the previous day. The buying reference is set at 910 CUP and the selling reference at 916 CUP.
The European currency has accumulated an increase of 21 pesos over the past seven days, equivalent to approximately 2.4%, and maintains a difference of 90 pesos above the dollar in the informal market.
In the last 30 days, the euro has gained about 92 pesos, with a variation of approximately 11.3%, although this calculation may also be influenced by methodological adjustments.
The euro remains the highest-valued currency among the three main references in the Cuban informal market.
The situation of the Freely Convertible Currency (MLC) is different. This Thursday, it has an indicative average value of 684 CUP, compared to a reference of approximately 546 CUP on the previous day. The variation is around 138.50 pesos.
Specifically, the purchase of MLC is set at 545 CUP, while the sale reaches 823 CUP.
This is how currencies are quoted in Cuba's informal market this Thursday:
- United States Dollar (USD): 823 CUP.
- Euro (EUR): 913 CUP.
- Freely Convertible Currency (MLC): 684 CUP.
The gap between the informal market and official exchange rates remains significant.
The Central Bank of Cuba (BCC), through Segment III of its foreign exchange market, sets references of 734 CUP per dollar and 824 CUP per euro for today.
This represents a difference of 89 pesos for every dollar and another 89 pesos for every euro compared to the average values observed in the informal market.
The official mechanism has undergone adjustments in recent weeks. In the past month, the dollar increased from 670 to 734 CUP in Segment III, while the euro rose from 768 to 824 CUP.
The upward trend had already been reflected in previous days. This Wednesday, the dollar was at 818 CUP, and the euro reached 910 CUP, while the MLC hovered around 546 CUP.
A few days prior, the dollar had exceeded the barrier of 800 Cuban pesos for the first time in informal market references, following several consecutive days of increases.
Equivalence of United States dollar (USD) bills to Cuban peso (CUP), according to the rates this Thursday
- 1 USD = 823 CUP
- 5 USD = 4,115 CUP
- 10 USD = 8,230 CUP
- 20 USD = 16,460 CUP
- 50 USD = 41,150 CUP
- 100 USD = 82,300 CUP
Equivalence of euro (EUR) notes to Cuban peso (CUP), according to the rates for this Thursday
- 1 EUR = 913 CUP
- 5 EUR = 4.565 CUP
- 10 EUR = 9,130 CUP
- 20 EUR = 18,260 CUP
- 50 EUR = 45,650 CUP
- 100 EUR = 91,300 CUP
- 200 EUR = 182,600 CUP
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