The informal currency market in Cuba experienced a stable start this Tuesday, showing no changes compared to the previous day, following Monday's decline in the exchange rates of the euro and the freely convertible currency (MLC). According to independent monitoring by elTOQUE, exchange rates remain at 370 CUP per U.S. dollar, 385 CUP per euro, and 260 CUP per MLC. This situation reflects continuity from Monday, when both European currencies saw a slight depreciation against the Cuban peso.
Informal Exchange Rates in Cuba
Tuesday, May 6, 2025 - 07:00
U.S. Dollar (USD) to Cuban Pesos (CUP): 370 CUP
Euro (EUR) to Cuban Pesos (CUP): 385 CUP
MLC to Cuban Pesos (CUP): 260 CUP
The previous day was characterized by a drop of 2.5 CUP in the euro's value and a decrease of 5 CUP in the MLC, indicating either reduced demand for these currencies or increased supply in the informal circuit. In contrast, the U.S. dollar remained stable at 370 CUP, solidifying its position as the primary benchmark in Cuba's volatile economic landscape.
This Tuesday's stability might be seen as a brief respite amid a broader downward trend, particularly concerning the MLC, which has seen a consistent decline in recent weeks. The weakening of this currency is linked to diminishing confidence in its acceptance within the network of state-run stores.
The maintenance of these rates suggests a day of observation for currency buyers and sellers, as they anticipate further movements in the informal market, which remains a critical economic pulse in a Cuba heavily reliant on remittances and foreign currencies.
Understanding Cuba's Informal Currency Market
What are the current exchange rates on Cuba's informal market?
The current exchange rates are 370 CUP per U.S. dollar, 385 CUP per euro, and 260 CUP per MLC.
Why did the euro and MLC rates drop recently?
The drop in the euro and MLC rates could be due to reduced demand or increased supply in the informal market.
How is the U.S. dollar performing in Cuba's informal market?
The U.S. dollar has remained stable at 370 CUP, reinforcing its role as a key reference in Cuba's economy.