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U.S. Dollar, Euro, and MLC Rates in Cuba's Black Market Today

Thursday, May 8, 2025 by Ava Castillo

On Thursday, May 8, the exchange rate for the U.S. dollar (USD) in Cuba's black market remains steady at 370 Cuban pesos (CUP), according to the daily rate monitoring by independent outlet elTOQUE. This stability in the currency's value comes amidst a backdrop of currency scarcity and rising prices within the Cuban economy.

The euro, having gained five pesos since the previous day, is now valued at 385 CUP, maintaining its position as the most expensive currency. Despite minor fluctuations in recent days, the European currency continues to surpass the dollar in exchange value, driven by its limited circulation in the country.

Meanwhile, the Freely Convertible Currency (MLC), used in state-run stores for high-demand products, is currently exchanged at 260 CUP. Though its value is lower than that of the dollar and euro, it remains a crucial benchmark for numerous transactions across the island.

Current Exchange Rates in Cuba

Thursday, May 8, 2025 - 06:00 AM

USD to CUP: 370 CUP

EUR to CUP: 385 CUP

MLC to CUP: 260 CUP

Conversion of Common Currency Denominations

U.S. Dollar to Cuban Pesos (CUP)

$1 = 370 pesos

$5 = 1,850 pesos

$10 = 3,700 pesos

$20 = 7,400 pesos

$50 = 18,500 pesos

$100 = 37,000 pesos

Euro to Cuban Pesos (CUP)

€5 = 1,925 pesos

€10 = 3,850 pesos

€20 = 7,700 pesos

€50 = 19,250 pesos

€100 = 38,500 pesos

€200 = 77,000 pesos

€500 = 192,500 pesos

FAQs on Cuba's Currency Exchange Rates

Why is the euro valued higher than the U.S. dollar in Cuba?

The euro commands a higher value than the U.S. dollar in Cuba primarily due to its limited circulation, making it more scarce and thus more valuable in the exchange market.

What is the significance of the MLC in Cuba?

The MLC is crucial in Cuba as it is used to purchase high-demand goods in state-run stores, serving as a key reference for various transactions despite its lower exchange rate compared to the dollar and euro.

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