As of Monday, June 9, 2025, the value of the United States dollar (USD) remains steady at 375 Cuban pesos (CUP) within Cuba's informal market, according to the benchmark rate provided by the independent outlet elTOQUE. This stable exchange rate for the American currency comes after weeks of minimal fluctuations, amidst an economy burdened by inflation and a shortage of foreign currencies.
Meanwhile, the euro (EUR) is being exchanged today at 400 CUP, representing a decline of four pesos compared to the previous day. The euro continues to be the most expensive currency against the Cuban peso. For several weeks, the euro has outpaced the dollar in Cuba's black market, but the current 25-peso gap between the two suggests a slight preference among Cubans for the European currency.
The Free Convertible Currency (MLC), which is used in state-run stores, is trading at 260 CUP this Monday. Despite its official role in Cuba's commercial system, the MLC's value has shown a minor depreciation against both the dollar and the euro in the informal market, reflecting a diminishing purchasing power in a challenging economic landscape.
Informal Exchange Rates in Cuba, Monday, June 9, 2025 - 11:09
Exchange rate of the dollar (USD) to Cuban pesos (CUP): 375 CUP
Exchange rate of the euro (EUR) to Cuban pesos (CUP): 400 CUP
Exchange rate of the (MLC) to Cuban pesos (CUP): 260 CUP
Available Bill Equivalencies for Each Currency
Dollar (USD)
- 1 USD = 375 CUP
- 5 USD = 1,875 CUP
- 10 USD = 3,750 CUP
- 20 USD = 7,500 CUP
- 50 USD = 18,750 CUP
- 100 USD = 37,500 CUP
Euro (EUR)
- 1 EUR = 400 CUP
- 5 EUR = 2,000 CUP
- 10 EUR = 4,000 CUP
- 20 EUR = 8,000 CUP
- 50 EUR = 20,000 CUP
- 100 EUR = 40,000 CUP
- 200 EUR = 80,000 CUP
- 500 EUR = 200,000 CUP
Understanding Cuba's Informal Currency Market
Why is the USD exchange rate stable in Cuba's informal market?
The USD exchange rate has remained stable due to minimal fluctuations in the market, despite ongoing economic challenges such as inflation and currency shortages.
How does the euro compare to the dollar in Cuba's black market?
The euro is valued higher than the dollar in Cuba's black market, with a 25-peso difference, indicating a slight preference for the European currency among Cubans.
What is the significance of the MLC's value in Cuba?
The MLC, used in state stores, shows a slight depreciation in the informal market, reflecting the economic struggles and reduced purchasing power in Cuba.