As of April 19th, the US dollar maintains a trend of slight increases for three consecutive days in Cuba's informal market, as reported by the independent source, elTOQUE. On this Saturday morning, the greenback reaches 365 CUP, marking a one-peso rise from the previous day.
Unexpectedly, after experiencing a decline, the value of the Freely Convertible Currency (MLC) also sees an increase, jumping by five pesos to an average of 265 CUP. The euro, however, remains unchanged at 375 pesos, a level it reached last Wednesday after a sudden five-unit rise in one day.
Current Exchange Rates in Cuba
As of 8:07 a.m. on April 19, 2025, the exchange rates in Cuba are as follows according to elTOQUE:
- USD to CUP: 365 CUP
- EUR to CUP: 375 CUP
- MLC to CUP: 265 CUP
Here are the equivalencies for USD and EUR bills in Cuban Pesos (CUP):
Currency Conversion Examples
US Dollar (USD) to Cuban Peso (CUP), based on April 19th rates:
- 1 USD = 365 CUP
- 5 USD = 1,825 CUP
- 10 USD = 3,650 CUP
- 20 USD = 7,300 CUP
- 50 USD = 18,250 CUP
- 100 USD = 36,500 CUP
Euro (EUR) to Cuban Peso (CUP):
- 1 EUR = 375 CUP
- 5 EUR = 1,875 CUP
- 10 EUR = 3,750 CUP
- 20 EUR = 7,500 CUP
- 50 EUR = 18,750 CUP
- 100 EUR = 37,500 CUP
- 200 EUR = 75,000 CUP
- 500 EUR = 187,500 CUP
Forecast for the Remainder of April
This week, elTOQUE's Observatory of Currencies and Finance of Cuba (OMFi) provided a forecast for currency behavior in the informal market for the remainder of the month. The prediction suggests a 2.5% to 4.8% appreciation for the dollar and euro, while the MLC might decline to levels between 262 and 255 CUP per 1 MLC.
The dollar is anticipated to range between 364 and 372 CUP, with the euro fluctuating between 370 and 377 CUP. For Cubans, keeping an eye on these informal exchange rates is crucial as it directly impacts their purchasing power in an economy plagued by scarcity and inflation.
The fluctuating exchange rates in Cuba compel many island residents to monitor the informal market closely, seeking strategies to preserve their purchasing power amid the national currency's devaluation.
Understanding Cuba's Informal Exchange Market
Why is the informal exchange rate important for Cubans?
The informal exchange rate significantly affects the real purchasing power of Cubans due to the country's economic challenges, including scarcity and inflation.
What are the predicted exchange rate trends for the rest of April?
Analysts expect the dollar and euro to increase by 2.5% to 4.8%, while the MLC might drop to between 262 and 255 CUP per 1 MLC.