The Cuban informal currency market has remained steady for the second day in a row this Tuesday. As of the morning of June 10, the exchange rate for the US dollar stands at 375 Cuban pesos (CUP) per unit. Meanwhile, the euro, after experiencing a consistent upward trend and even reaching 404 pesos, is now valued at 400 CUP for the second consecutive day. The euro continues to hold a 25-peso lead over the dollar, an unusual gap in Cuba's informal market between these two currencies.
The Freely Convertible Currency (MLC), on the other hand, is being traded at 260 CUP. In terms of the median values for buying and selling these three reference currencies, according to elTOQUE, the euro can be sold for as much as 405 CUP. Conversely, the purchasing price of the dollar has dipped slightly to 372 pesos.
Exchange rates as of June 10, 2025, at 7:30 a.m. in Cuba are as follows:
- US Dollar (USD) to Cuban Peso (CUP) according to elTOQUE: 375 CUP.
- Euro (EUR) to Cuban Peso (CUP) according to elTOQUE: 400 CUP.
- Freely Convertible Currency (MLC) to Cuban Peso (CUP) according to elTOQUE: 260 CUP.
Here are the equivalent values of available euro and US dollar bills in Cuban pesos (CUP):
US Dollar (USD) to Cuban Peso (CUP), based on June 10 exchange rates:
- 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
Euros (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
Understanding Cuba's Currency Dynamics
Why is there a difference between the euro and dollar rates in Cuba?
The disparity in rates between the euro and dollar in Cuba’s informal market is often due to fluctuating demand and supply conditions, as well as economic factors affecting the region.
What is the MLC and its role in Cuba?
The MLC, or Freely Convertible Currency, is a system used in Cuba for transactions in foreign currencies. It plays a significant role in Cuba's economy by facilitating the purchase of imported goods.