The euro is just 17 pesos away from reaching 1,000 CUP in the Cuban informal market, while the US dollar is five pesos away from 900. Both currencies ended higher this Sunday, with prices marking new highs for the last 30 days.
According to , at 8:00 p.m. local time, the euro was quoted at 983 Cuban pesos and the dollar at 895 CUP. The MLC (Freely Convertible Currency) recorded a value of 564 CUP.
The euro was the currency that increased the most compared to Saturday's closing. It rose from 970 to 983 CUP, an increase of 13 pesos in just one day. With this movement, the European currency is approaching the threshold of 1,000 pesos, a figure it has not yet reached during this reference period.
The dollar also increased, but in a more moderate manner. Its exchange rate rose five pesos, from 890 CUP on Saturday to 895 CUP recorded at the close on Sunday.
The weekly comparison more clearly shows the pace of the increases. Seven days ago, the dollar was at 838 CUP, meaning it has accumulated an increase of 57 pesos, equivalent to 6.8%.
Exchange Rate Evolution
During the same period, the euro increased from 930 to 983 CUP, a rise of 53 pesos, approximately 5.7%.
The gap between the two currencies also widened. By the close of this Sunday, one euro was worth 88 more Cuban pesos than one dollar on the informal market.
During the morning, the quotes were already indicating a day of increases. At 10:00 a.m., the dollar was at 894 CUP and the euro at 971 CUP. In the following hours, the U.S. dollar gained an additional peso and the euro another 12.
In the last 30 days, the dollar has fluctuated between a minimum of 768 CUP and a maximum of 895 CUP reached this Sunday. The euro has ranged from 860 to 983 CUP, also hitting its highest value for the period today.
The MLC, meanwhile, was at 564 CUP. Unlike cash dollars and euros, the MLC is an electronic balance used in state establishments that still accept this payment method.
The rates in the informal market remain well above those set by the Central Bank of Cuba for Segment III. This Sunday, the official reference exchange rate was 768 CUP per dollar and approximately 857 CUP per euro.
The difference between both references reached 127 pesos per dollar and around 126 pesos per euro. Although the official system incorporates adjustments in its rates, there remains a significant gap compared to the prices observed in informal offers.
Exchange rate of the dollar, euro, and MLC in Cuba
- 1 US dollar (USD): 895 CUP.
- 1 euro (EUR): 983 CUP.
- 1 MLC: 564 CUP.
Equivalence of U.S. dollars to Cuban pesos
- 1 USD = 895 CUP
- 5 USD = 4,475 CUP
- 10 USD = 8,950 CUP
- 20 USD = 17,900 CUP
- 50 USD = 44,750 CUP
- 100 USD = 89,500 CUP
Equivalence of euros to Cuban pesos
- 1 EUR = 983 CUP
- 5 EUR = 4.915 CUP
- 10 EUR = 9,830 CUP
- 20 EUR = 19,660 CUP
- 50 EUR = 49,150 CUP
- 100 EUR = 98,300 CUP
- 200 EUR = 196,600 CUP
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