This Saturday, April 26, 2025, the US dollar (USD) is holding a rate of 365 Cuban pesos (CUP) on the informal exchange market. The American currency has exhibited a stable trend over recent days. In contrast, the euro (EUR) is valued at 380 Cuban pesos, maintaining its position as the most expensive currency in Cuba's informal trading scene. Over the past week, the euro has seen upward movement driven by high demand from those seeking more reliable options against the Cuban peso.
Meanwhile, the Freely Convertible Currency (MLC), which is used in state-run stores for foreign currency transactions, is currently trading at 265 Cuban pesos. Although the MLC has been on a downward trend for several months, this week saw a price increase, indicating a potential stabilization in its value.
The overall behavior of foreign currencies over the past week highlights the economic uncertainty in Cuba, where the lack of hard currency and inflation pressures are affecting market prices.
Current Exchange Rates in Cuba
Saturday, April 26, 2025 - 11:00 AM
- USD to CUP: 365 CUP
- EUR to CUP: 380 CUP
- MLC to CUP: 265 CUP
Currency Conversion Equivalents
US Dollars (USD):
- 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
Euros (EUR):
- 5 EUR = 1,900 CUP
- 10 EUR = 3,800 CUP
- 20 EUR = 7,600 CUP
- 50 EUR = 19,000 CUP
- 100 EUR = 38,000 CUP
- 200 EUR = 76,000 CUP
- 500 EUR = 190,000 CUP
Understanding Cuba's Currency Situation
Why is the euro more expensive than the US dollar in Cuba's black market?
The euro is more expensive due to high demand as people look for more stable currency options compared to the Cuban peso, which is experiencing devaluation and inflation issues.
What is the MLC used for in Cuba?
The MLC is used in government-run stores where transactions are conducted in foreign currency, providing access to goods not available through standard Cuban peso transactions.
How does economic uncertainty affect currency rates in Cuba?
Economic uncertainty, driven by factors like inflation and a shortage of hard currency, puts pressure on exchange rates, causing fluctuations and instability in the currency market.