This Thursday, the American dollar, euro, and Freely Convertible Currency (MLC) continue to show stability in the informal Cuban market. As of May 15, the U.S. dollar is holding steady at a rate of 370 CUP, maintaining a consistent exchange rate since May 3.
Meanwhile, the euro is being traded at 385 CUP, reflecting a 15-peso premium compared to the U.S. currency. The MLC is generally being sold at an average of 260 Cuban pesos.
Current Exchange Rates as of May 15, 2025
The median exchange rates for these key currencies over the past 24 hours are as follows:
U.S. Dollar (USD) to Cuban Peso (CUP) according to elTOQUE: 370 CUP.
Euro (EUR) to Cuban Peso (CUP) according to elTOQUE: 385 CUP.
MLC to Cuban Peso (CUP) according to elTOQUE: 260 CUP.
Currency Conversion for Euros and Dollars
Here's a breakdown of the equivalent exchange values for various denominations of euros and U.S. dollars into Cuban pesos (CUP) based on current rates:
U.S. Dollars (USD)
- 1 USD = 370 CUP
- 5 USD = 1,850 CUP
- 10 USD = 3,700 CUP
- 20 USD = 7,400 CUP
- 50 USD = 18,500 CUP
- 100 USD = 37,000 CUP
Euros (EUR)
- 1 EUR = 385 CUP
- 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
Due to ongoing economic challenges, including scarcity and inflation, many Cubans closely monitor the informal exchange rates of the dollar, euro, and MLC. These rates significantly impact their purchasing power in the local economy.
The unpredictable nature of Cuba's exchange rates prompts citizens to remain vigilant, seeking strategies to safeguard their financial stability against the weakening national currency.
Understanding Cuba's Informal Exchange Market
Why do Cubans focus on the informal exchange rates?
Cubans rely on the informal exchange rates because they directly influence their real purchasing power in an economy plagued by shortages and inflation.
How does exchange rate volatility affect Cuban citizens?
Volatility in exchange rates forces Cuban citizens to closely watch market trends to protect their wealth from the devaluation of the national currency.
What are the current exchange rates for USD and EUR in Cuba?
As of May 15, 2025, the USD is exchanged at 370 CUP, and the EUR is at 385 CUP in the informal market.