The U.S. dollar and the euro are rising again this Friday in Cuba's informal currency market, a day marked by new increases in both currencies against the Cuban peso and the persistence of a significant gap compared to the official exchange rate.
According to the reference values of , the dollar stands at 828 Cuban pesos (CUP), while the euro reaches 916 CUP. Meanwhile, the freely convertible currency (MLC) has a reference value of 581 CUP.
The dollar has increased by five pesos compared to the previous reference of 823 CUP and continues the upward trend observed in recent days.
Compared to a week ago, when it was valued at 798 CUP, the US dollar has gained 30 Cuban pesos, equivalent to an approximate increase of 3.8%.
The increase positions the dollar at its highest value in the last 30 days, according to the referenced series consulted. However, this does not mean that it has reached an historical maximum.
Exchange Rate Evolution
The trend is also upward in the monthly comparison, although the variations during that period should be interpreted cautiously due to potential methodological adjustments in the calculation of the index.
For its part, the euro is trading this Friday at 916 CUP, three pesos above the previous reference of 913 CUP.
In the last seven days, the European currency has risen from 895 to 916 Cuban pesos, which represents an increase of 21 CUP, approximately 2.3%.
With these values, the euro exceeds the dollar by 88 Cuban pesos and continues to be the more expensive of the two foreign currencies in the informal market.
The MLC, meanwhile, shows a reference value of 581 CUP, a figure significantly lower than the previous reference of 684 CUP.
The reference rates for the informal market this Friday, October 23, at 10:00 a.m., are as follows:
- United States Dollar (USD): 828 CUP.
- Euro (EUR): 916 CUP.
- Freely Convertible Currency (MLC): 581 CUP.
Informal exchange rates remain above the official references of the Cuban Central Bank's Segment III of the foreign exchange market, which are set at 738 CUP per dollar and 827 CUP per euro for today.
The difference between both references reaches 90 pesos per dollar and 89 pesos per euro.
Although the official mechanism has recorded upward adjustments in recent weeks, informal rates continue to show higher values, reflecting the gap between the various exchange references available in the country.
Values are updated periodically and do not constitute an official rate nor guarantee that all buying and selling transactions are carried out exactly at those prices.
Equivalence of United States dollar (USD) notes to Cuban peso (CUP), according to the exchange rate of this Friday
- 1 USD = 828 CUP.
- 5 USD = 4,140 CUP.
- 10 USD = 8,280 CUP.
- 20 USD = 16,560 CUP.
- 50 USD = 41,400 CUP.
- 100 USD = 82,800 CUP.
Equivalence of euro banknotes (EUR) to Cuban pesos (CUP), according to the exchange rate of this Friday
- 1 EUR = 916 CUP.
- 5 EUR = 4,580 CUP.
- 10 EUR = 9,160 CUP.
- 20 EUR = 18,320 CUP.
- 50 EUR = 45,800 CUP.
- 100 EUR = 91,600 CUP.
- 200 EUR = 183,200 CUP.
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