This is the price of the Mexican peso in Cuba: where to exchange it?

If you are planning a trip to Cuba and need to know the value of the Mexican peso (MXN) in relation to the Cuban peso (CUP), in this article we present the most recent information based on data from the Central Bank of Cuba and the informal currency market.

Official exchange rate of the Mexican Peso (MXN) in Cuba

According to the official rate established by the Central Bank of Cuba, the value of the Mexican peso (MXN) in relation to the Cuban peso (CUP) is as follows:

•1 MXN = 1.18362 CUP (Official rate for banks and exchange houses).

•1 MXN = 5.91811 CUP (Exchange rate for the population).

This means that if you make an exchange at CADECA or in the Cuban banking system, you will receive 1.18 CUP for each Mexican peso in official transactions.

Informal market: Can Mexican Peso be exchanged on the street?

Currently, the informal currency market in Cuba handles values very different from those established by the Central Bank. This February 17, these are the informal rates of the currencies that are usually exchanged:

•1 USD = 340 CUP

•1 EUR = 345 CUP

As a traveler or tourist in Cuba, keep in mind that exchanging money on the informal market carries risks, as it is not regulated and there may be scams or legal issues.

Where to exchange Mexican Peso in Cuba

If you have Mexican pesos (MXN) and want to exchange them for Cuban pesos (CUP), you can do so at:

1. CADECA (Currency Exchange Houses): They are the official places for currency exchange in Cuba.

2. Cuban banks: Some branches accept currency exchange operations with Mexican pesos.

3. Airports and hotels: They also have exchange offices, although the rate may vary.

¿Is it advisable to bring Mexican Pesos to Cuba?

Although the Mexican peso is accepted at official exchange houses, the best option will depend on your situation. Since the informal market offers higher rates for the dollar (USD) and the euro (EUR), it might be more convenient to exchange Mexican pesos for dollars or euros before traveling to Cuba.