Price of the dollar continues to rise in Cuba: exchange rates in the informal market are as follows

The upward trend of the past few weeks continues and now the US dollar is rising more rapidly. These are today's exchange rates.

This Thursday, April 4th, the main foreign currencies start the day with significant movements in the informal market of Cuba, according to the real-time monitoring published by El Toque.

The price of the US dollar experiences a rise of 2 pesos compared to the previous day, while the euro also increases in value. In contrast, the MLC continues to decline.

The euro strengthens against the dollar

The euro rises to 365 CUP, gaining 5 pesos in just 24 hours. This increase not only reflects its strength on the island but also its rebound against the dollar globally. In international markets, the euro is trading above 1.08 USD, driven by expectations of monetary stability in Europe.

Compared to that, the dollar in the Cuban informal market reaches 360 CUP, with an increase of 2 pesos. The difference between the two currencies widens to 5 Cuban pesos, indicating that the euro is once again consolidating as the strongest currency in Cuba.

MLC down and the Canadian dollar, stable

The MLC, used as a balance on cards for purchases in official stores, decreases by 2 pesos and is set at 270 CUP. The decline reflects the limited demand for this currency in a context of scarce supply in the retail market and distrust in the MLC store system.

Meanwhile, the Canadian dollar barely changes and remains at 227 CUP, after a slight decrease of 1 peso.

Updated conversions

Here are the approximate equivalents of the most important foreign currencies today in the Cuban informal market:

U.S. dollar (USD):
"1 USD = 360 CUP" would be translated to "1 USD = 360 CUP"
"5 USD = 1,800 CUP"
"10 USD = 3,600 CUP"
"20 USD = 7,200 CUP"
"30 USD = 10,800 CUP"
"50 USD = 18,000 CUP"
"100 USD = 36,000 CUP"

Euro (EUR):
"1 EUR = 365 CUP" se traduce como "1 EUR = 365 CUP".
"5 EUR = 1.825 CUP" se traduce como "5 EUR = 1.825 CUP"
"10 EUR = 3,650 CUP"
"20 EUR = 7,300 CUP"
"30 EUR = 10,950 CUP"
"50 EUR = 18,250 CUP"
"100 EUR = 36,500 CUP"

MLC:
1 MLC = 270 CUP
"5 MLC = 1,350 CUP"
"10 MLC = 2,700 CUP"
"20 MLC = 5,400 CUP"
"30 MLC = 8,100 CUP"
"50 MLC = 13,500 CUP"
"100 MLC = 27,000 CUP"

Canadian dollar (CAD):
1 CAD = 227 CUP
5 CAD = 1.135 CUP
10 CAD = 2,270 CUP
20 CAD = 4.540 CUP
30 CAD = 6.810 CUP
50 CAD = 11.350 CUP
100 CAD = 22.700 CUP

Rates compared to salary in Cuba

With an official minimum wage of 2,100 CUP, today a Cuban can barely buy 5.8 dollars or 5.7 euros in the informal market. In the case of the average salary, which is around 4,200 CUP, it barely amounts to 11.6 dollars or 11.5 euros.

These figures confirm the increasing inaccessibility of foreign currencies for most Cubans. And this is in a context of sustained inflation and persistent devaluation of the Cuban peso.