The value of the U.S. dollar (USD) continues its upward trend in Cuba's informal market, reaching 369 Cuban pesos (CUP) per dollar this Friday. This marks an increase of one peso compared to the previous day, according to the daily monitoring data published by elTOQUE.
While the euro remains stable, it once again surpasses the dollar. Today, it is valued at 385 CUP, making it the most valuable currency in the black market. This preference is particularly notable among those receiving remittances or engaging in cash transactions.
Meanwhile, the Freely Convertible Currency (MLC), used in state-run stores that operate in foreign currency, holds steady at 265 CUP.
Economic Pressures Impacting Currency Rates
Ongoing inflation and the high demand for foreign currencies continue to drive prices on the island, as the Cuban peso steadily loses its purchasing power.
Current Informal Exchange Rates in Cuba
As of Friday, May 2, 2025, at 07:00, the exchange rates are as follows:
USD to CUP: 369 CUP
EUR to CUP: 385 CUP
MLC to CUP: 265 CUP
Currency Note Values in Cuban Pesos
USD to CUP Values:
- 1 USD = 369 CUP
- 5 USD = 1,845 CUP
- 10 USD = 3,690 CUP
- 20 USD = 7,380 CUP
- 50 USD = 18,450 CUP
- 100 USD = 36,900 CUP
EUR to CUP Values:
- 5 EUR = 1,925 CUP
- 10 EUR = 3,850 CUP
- 20 EUR = 7,700 CUP
- 50 EUR = 19,250 CUP
- 100 EUR = 38,500 CUP
- 200 EUR = 77,000 CUP
- 500 EUR = 192,500 CUP
FAQs on Cuba's Currency Exchange
Why is the U.S. dollar rising in Cuba's black market?
The increase is driven by ongoing inflation and a high demand for foreign currencies, as the Cuban peso loses its purchasing power.
How does the euro compare to the U.S. dollar in Cuba's informal market?
The euro is valued higher than the U.S. dollar, currently standing at 385 CUP compared to the dollar's 369 CUP.
What is the MLC used for in Cuba?
The MLC is used in state-run stores that operate in foreign currency, maintaining a rate of 265 CUP.