What is the current exchange rate of the dollar, euro, and MLC in Cuba today? Informal market exchange rates

With the end of the year just around the corner, the informal market in Cuba could experience movements in exchange rates, influenced by the rise in prices of basic foods such as meat and other essential products.

A seasonal increase would not be unusual due to higher demand for foreign currency, both for purchasing goods in MLC stores and for acquiring essential goods in private businesses.

Although no significant changes in the value of the dollar, the euro, or the MLC have been reported yet, economists do not rule out possible increases in the coming weeks, considering the pressure these fluctuations exert on the domestic economy.

According to the most recent data from El Toque, the exchange rates for this Friday remain stable: the United States dollar (USD) continues at 328 CUP, the euro (EUR) remains at 345 CUP, and the Freely Convertible Currency (MLC) remains in 265 CUP.

Updated equivalents in CUP

These are the conversions for the main currencies according to the current rates:

U.S. dollar (USD):
1 USD = 328 CUP
5 USD = 1,640 CUP
10 USD = 3,280 CUP
20 USD = 6,560 CUP
50 USD = 16,400 CUP
100 USD = 32,800 CUP

Euro (EUR):
1 EUR = 345 CUP
5 EUR = 1,725 CUP
10 EUR = 3,450 CUP
20 EUR = 6,900 CUP
50 EUR = 17,250 CUP
100 EUR = 34,500 CUP

MLC:
1 MLC = 265 CUP
5 MLC = 1,325 CUP
10 MLC = 2,650 CUP
50 MLC = 13,250 CUP
100 MLC = 26,500 CUP

The minimum wage versus foreign currency

The minimum wage in Cuba, of 2,100 CUP, it is still insufficient to acquire foreign currency in the informal market. According to current rates, it is approximately equivalent to:

• 6.40 USD
• 6.09 EUR
• 7.92 MLC

Perspectivas hacia fin de año

El periodo festivo y el incremento en los precios de bienes esenciales podrían generar más presión sobre las tasas de cambio, particularmente para el dólar y el euro, que se mantienen como las monedas más demandadas. Esto podría derivar en nuevos ajustes en el mercado informal, afectando aún más el poder adquisitivo de la población en un contexto de limitada oferta de divisas por vías oficiales.