The informal currency market in Cuba has experienced a significant change in the last 24 hours.
According to estimates published by, based on buy and sell ads on social networks, the euro has experienced an increase, rising above the US dollar.
These exchange rates reflect the reality of the Cuban market, in contrast to the official rates, which do not correspond to the real value of currencies in the island's economy.
Exchange rates in the informal market
- 1 euro = 345.00 CUP (+5)
- 1 dollar = 340.00 CUP
- 1 MLC = 240.00 CUP
Conversión de divisas a pesos cubanos
Euros (EUR):
- 1 euro = 345.00 CUP
- 10 euros = 3,450.00 CUP
- 20 euros = 6,900.00 CUP
- 30 euros = 10,350.00 CUP
- 50 euros = 17,250.00 CUP
- 100 euros = 34,500.00 CUP
United States Dollars (USD):
- 1 dollar = 340.00 CUP
- 10 dollars = 3,400.00 CUP
- 20 dollars = 6,800.00 CUP
- 30 dollars = 10,200.00 CUP
- 50 dollars = 17,000.00 CUP
- 100 dollars = 34,000.00 CUP
freely convertible currency (FCC):
- 1 MLC = 240.00 CUP
- 10 MLC = 2,400.00 CUP
- 20 MLC = 4,800.00 CUP
- 30 MLC = 7,200.00 CUP
- 50 MLC = 12,000.00 CUP
- 100 MLC = 24,000.00 CUP
Comparison with the salary in Cuba
At current rates, the average salary in Cuba, estimated at approximately 4,200 Cuban pesos, is equivalent to around 12.17 euros or 12.35 dollars in the informal market. The minimum wage, set at 2,100 Cuban pesos, represents approximately 6.08 euros or 6.17 dollars. These values reflect the severe depreciation of the Cuban peso and the low purchasing power of workers on the island.
International equivalence between the euro and the dollar
At the international level, the euro maintains a value higher than the US dollar. According to the European Central Bank's website, on February 7, 2025, 1 euro was equivalent to 1.0377 US dollars. This difference in the global exchange rate has been reflected in the Cuban informal market, where the euro has increased its value against the Cuban peso.
Factors influencing the rise of the euro
The increase of the euro in the informal market may be related to a rise in demand for this currency, possibly driven by remittances sent from Europe or by transactions requiring euros abroad. It is also possible that the supply of dollars in the informal market has increased, stabilizing its price, while the euro has continued to rise.
Furthermore, economic uncertainty and the continuous depreciation of the Cuban peso have led more people to seek refuge in foreign currencies, raising the euro's exchange rate against the national currency.
Perspectives for the coming days
The evolution of the informal foreign exchange market in Cuba will continue to depend on the availability of cash and the economic measures implemented by the government. As long as the economic crisis persists and inflation continues to affect purchasing power, the demand for foreign currencies will remain high, with possible new fluctuations in the values of the dollar and the euro.
Continue reading in Directory News
Follow our channels of WhatsApp, Telegram y Facebook.