The value of the U.S. dollar continues its upward trend in Cuba's informal exchange market, reaching 375 Cuban pesos (CUP) as of June 13, according to daily rate monitoring by the independent outlet elTOQUE. However, it's the euro that captures attention with its performance in the black market.
While the dollar remains the most sought-after currency on the street due to its widespread acceptance in transactions and remittances, the euro is setting a record high for the second consecutive day. This Friday, the European currency is valued at 407 CUP, solidifying its position as the most expensive currency in the black market, driven by its scarcity and strong demand in informal trade operations.
Meanwhile, the Freely Convertible Currency (MLC), used in state-run foreign currency stores, has reached 260 CUP. Although its value is lower compared to the euro or the dollar, it remains crucial for the everyday consumption of many Cubans.
Informal Exchange Rates in Cuba, Friday, June 13, 2025 - 07:00
Exchange rates:
- Dollar (USD) to Cuban pesos (CUP): 375 CUP
- Euro (EUR) to Cuban pesos (CUP): 407 CUP
- MLC to Cuban pesos (CUP): 260 CUP
Cuban Peso Equivalents for Common Denominations
Dollar Bills (USD) – Rate: 375 CUP
- $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 Bills (EUR) – Rate: 407 CUP
- €5 EUR = 2,035 CUP
- €10 EUR = 4,070 CUP
- €20 EUR = 8,140 CUP
- €50 EUR = 20,350 CUP
- €100 EUR = 40,700 CUP
- €200 EUR = 81,400 CUP
- €500 EUR = 203,500 CUP
Understanding Cuba's Informal Currency Market
Why is the euro reaching record highs in Cuba?
The euro is reaching record highs due to its scarcity and high demand in informal trade operations, making it the most expensive currency in the black market.
What is the current rate of the U.S. dollar in Cuba's informal market?
As of June 13, the U.S. dollar is valued at 375 Cuban pesos in the informal market.
How does the MLC compare to the euro and dollar?
The MLC is valued at 260 Cuban pesos, which is lower than both the euro and dollar, yet it remains essential for many Cubans' daily consumption.