Rises the price of this currency in Cuba on the informal market. Exchange rates

Like every morning, the monitoring of medium El Toque shows this Friday that the price of this currency has increased in the black market in Cuba. Below are details of the exchange rates both on the street and in government banks.

According to this daily analysis, the informal currency market in Cuba sets the tone daily for the buying and selling of foreign currencies on the island. In the latest update of the TouchThis morning, the real-time exchange rates are as follows:

• Euro (EUR): 1 EUR = 350.00 CUP
• U.S. dollar (USD): 1 USD = 345.00 CUP
• Freely Convertible Currency (FCM): 1 MLC = 280.00 CUP
• Canadian dollar (CAD): 1 CAD = 221.00 CUP (+2.5)

These price values of these currencies in Cuba todaythey are a reflection of the fluctuation of the parallel market in Cuba, which operates independently of the official rates set by Miguel Díaz-Canel's government.

As observed, the price of the Canadian dollar currency has risen again in recent hours in the black market, also due to demand and the scarcity of this currency, since although Canadians are the main tourist market on the island, there has been a significant decline in their arrivals by flights to Varadero, Cayo Santa María, and Cayo Coco since January, with airlines such as Air Canada, Sunwing, etc.

Currency price in Cuba today on the rise

Undoubtedly, the demand for foreign currency on the island will continue to increase due to factors such as inflation and the shortage of foreign currency in banks, including Canadian, European, and US dollars.

Why is it important to follow the informal market rate? Since many commercial transactions on the island depend on the availability of foreign currency, knowing the current value of the euro, the dollar, and the MLC is essential for citizens, private workers, small and medium-sized enterprises, and more.

Additionally, black market volatility can cause significant fluctuations over short periods, so it is crucial to stay informed about the price of this or another currency in Cuba in March 2025.

And the rest of the currencies in Cuba, such as the Danish krone, the British pound, the Mexican peso, the ruble, etc., according to the Central Bank?