At dawn this Friday, two of the three reference currencies in Cuba are showing changes in their informal value.
For the second consecutive day, the euro rises in price while the value of the Convertible Currency (MLC) drops.
At 8:00 a.m. (local time), the average selling price of the European currency is 370 CUP, three pesos higher than the previous day.
In the case of the MLC, the movement is the opposite: the virtual currency drops to 260 CUP, two units lower than Thursday, as revealed by the independent medium elToque in the daily report that documents the fluctuations of currencies in Cuba.
Only the dollar remains unchanged, valued at 360 CUP.
Exchange Rate Evolution
The median values of the exchange of the three currencies in the last 24 hours show some changes.
Exchange rate today 11/04/2025 - 8:27 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 360 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 370 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 260 CUP.
Equivalences of each available Euro and US Dollar bill to Cuban pesos (CUP)
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this April 11:
1 USD = 360 CUP.
5 USD = 1,800 CUP.
10 USD = 3,600 CUP.
20 USD = 7,200 CUP.
50 USD = 18,000 CUP.
100 USD = 36,000 CUP.
EUROS (EUR)
1 EUR = 370 CUP.
5 EUR = 1,850 CUP.
10 EUR = 3,700 CUP.
20 EUR = 7,400 CUP.
50 EUR = 18,500 CUP.
100 EUR = 37,000 CUP.
200 EUR = 74,000 CUP.
500 EUR = 185,000 CUP.
Cubans are closely watching the informal exchange rate of the dollar, euro, and MLC because it determines their real purchasing power in an economy marked by scarcity and inflation.
The volatility of exchange rates in Cuba causes many residents on the island to closely monitor the developments of the informal market, seeking strategies to protect their purchasing power against the devaluation of the national currency.
Frequently Asked Questions about Exchange Rates in Cuba
How do currency exchange rates behave in Cuba today?
Today, the euro rises to 370 CUP and the Convertible Currency (MLC) drops to 260 CUP, while the dollar remains unchanged at 360 CUP.
What impact does the exchange rate have on the Cuban economy?
The exchange rate determines the real purchasing power of Cubans in an economy characterized by scarcity and inflation, which forces citizens to closely monitor the developments of the informal market to safeguard their purchasing power.
Why is the informal currency market so important in Cuba?
The informal currency market is crucial because salaries and pensions in Cuban pesos (CUP) are insufficient to cover basic needs, making it necessary to access foreign currency to purchase essential products in stores that only sell in foreign currency or on the black market.
What trends have been observed in currency exchange rates in recent weeks?
An upward trend is observed in the euro and a decline in the MLC, while the dollar has shown stability in its exchange rate in the informal Cuban market.
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