The informal foreign exchange market in Cuba maintains its consistency in the exchange rates of the main foreign currencies.
This Saturday, August 24, marks another day without changes in the prices of the dollar, the euro, and the Freely Convertible Currency (MLC), extending a streak of stability that has characterized recent weeks.
Today's exchange rates
According to recent data from, the US dollar continues to be quoted at 320 CUP, while the euro remains at 330 CUP. Meanwhile, the MLC stays at 275 CUP. These rates have been steady, reflecting a lack of significant volatility in the Cuban foreign exchange market.
The stability of these rates could be influenced by various factors, including internal policies, currency controls, and a possible decrease in foreign exchange transactions in the informal market. The reported values are averages derived from multiple transactions and may vary slightly in different regions of the country.
Exchange Equivalencies
The equivalencies for the main currencies according to the current rates are as follows:
- United States Dollar (USD) to Cuban Peso (CUP):
- 1 USD = 320 CUP
- 5 USD = 1,600 CUP
- 10 USD = 3,200 CUP
- 20 USD = 6,400 CUP
- 50 USD = 16,000 CUP
- 100 USD = 32,000 CUP
- Euros (EUR) a Peso Cubano (CUP):
- 1 EUR = 330 CUP
- 5 EUR = 1,650 CUP
- 10 EUR = 3,300 CUP
- 20 EUR = 6,600 CUP
- 50 EUR = 16,500 CUP
- 100 EUR = 33,000 CUP
- Freely Convertible Currency (MLC) to Cuban Peso (CUP):
- 1 MLC = 275 CUP
- 5 MLC = 1,375 CUP
- 10 MLC = 2,750 CUP
- 20 MLC = 5,500 CUP
- 50 MLC = 13,750 CUP
- 100 MLC = 27,500 CUP
The continuity in exchange rates indicates a phase of equilibrium in the Cuban informal market. However, it is crucial for those interested in the currency market to follow daily updates and be prepared for any changes that may arise.
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Because everyone says the USD is going to rise due to the new stores paying with cash dollars.
Están haciendo un sacrificio enorme para que no suban las divisas, algo que no podrá ser por mucho tiempo, han mermado los productos de primera necesidad como alimentos principalmente, sería bueno que alguien se de cuentas a tiempo y no inventen más, será peor cada día para todos los actores y la dolarización de la economía nunca va a llegar. Siempre llegamos tarde a las mejores decisiones.
Lo que mas preocupa es el precio de los alimentos quel propio estado lo tiene caro
They are making a huge sacrifice so that the currencies do not rise, something that will not be possible for much longer, they have reduced essential products like food mainly, it would be good if someone realizes in time and stops making things up, it will get worse every day for all parties and the polarization of the economy will never come. We always arrive late to the best decisions.