In recent hours, the value of the US dollar has seen a slight uptick in Cuba's informal market. Meanwhile, the other two key currencies have remained stable. As of 9:00 a.m. local time on Monday, the dollar is valued at 385 Cuban Pesos (CUP), a one-peso increase from the previous day, according to independent reports from elTOQUE. This adjustment recovers the ground lost last Friday when the dollar dipped from 385 to 384 CUP.
Over the past weeks, the US dollar has been steadily climbing in the Cuban black market, albeit at a slow pace. Starting the month of June at 370 CUP, it has incrementally risen—almost peso by peso—with minimal setbacks, reaching 385 CUP by July 1, following a sudden three-unit jump.
Globally, however, the US dollar is experiencing its most challenging period in over half a century. Between January and June 2025, it has depreciated by more than 10% against major world currencies.
Current Exchange Rates for July 7, 2025
Regarding the euro and the Freely Convertible Currency (MLC), there have been no changes since the previous day: the euro remains at 425 CUP, and the MLC is valued at 245 CUP.
Exchange Rates on 07/07/2025 - 9:06 a.m. in Cuba:
- USD to CUP according to elTOQUE: 385 CUP.
- EUR to CUP according to elTOQUE: 425 CUP.
- MLC to CUP according to elTOQUE: 245 CUP.
Currency Conversion Examples
Conversion of US Dollar (USD) bills to Cuban Peso (CUP) based on July 7 exchange rates:
- 1 USD = 385 CUP
- 5 USD = 1,925 CUP
- 10 USD = 3,850 CUP
- 20 USD = 7,700 CUP
- 50 USD = 19,250 CUP
- 100 USD = 38,500 CUP
Conversion of Euro (EUR) bills to Cuban Peso (CUP):
- 1 EUR = 425 CUP
- 5 EUR = 2,125 CUP
- 10 EUR = 4,250 CUP
- 20 EUR = 8,500 CUP
- 50 EUR = 21,250 CUP
- 100 EUR = 42,500 CUP
- 200 EUR = 85,000 CUP
- 500 EUR = 212,500 CUP
Understanding Cuba's Black Market Currency Exchange
Why has the US dollar increased in value in Cuba's black market?
The US dollar has increased due to a combination of local demand in Cuba and its recent global depreciation, which makes it more sought after as a stable currency in uncertain economic times.
How does the global decline of the US dollar affect Cuba?
The global decline of the US dollar can lead to fluctuations in its value on the black market in Cuba, influencing both local economy and individual purchasing power.