In a surprising turn of events, the euro, which has been hitting record highs for nearly two months, has suddenly dropped by three pesos. After reaching a peak of 430 Cuban Pesos (CUP) on Monday, the European currency has fallen back to 425 CUP today for the second consecutive day.
Meanwhile, both the U.S. dollar and the Freely Convertible Currency (MLC) have remained stable compared to the previous day's rates. The U.S. dollar is still valued at 385 CUP, and the MLC holds steady at 230 CUP. Interestingly, the median sale price of the dollar has reached 387 CUP, suggesting a potential price increase in the near future.
In related news, Cuban Prime Minister Manuel Marrero has announced that the long-promised overhaul of the official currency exchange market will take place in the second half of this year. During a plenary session at the National Assembly on Wednesday, Marrero identified this reform as one of the upcoming "tasks," though he did not disclose further details.
Current Exchange Rates as of July 16, 2025, 1:21 PM in Cuba
Dollar (USD) to Cuban Peso (CUP) Exchange Rate: 385 CUP according to elTOQUE.
Euro (EUR) to Cuban Peso (CUP) Exchange Rate: 425 CUP according to elTOQUE.
Freely Convertible Currency (MLC) to Cuban Peso (CUP) Exchange Rate: 230 CUP according to elTOQUE.
Current Currency Conversion
U.S. Dollar (USD) to Cuban Peso (CUP) Conversion:
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
Euro (EUR) to Cuban Peso (CUP) Conversion:
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
FAQs on Cuba's Currency Exchange Market
Why did the euro suddenly drop in value on the Cuban black market?
The sudden drop in the euro's value may be attributed to market fluctuations and potential changes in demand and supply dynamics on the Cuban black market.
What is the current exchange rate of the U.S. dollar in Cuba?
As of July 16, 2025, the U.S. dollar is valued at 385 Cuban Pesos (CUP) according to the exchange rate provided by elTOQUE.
What changes did Manuel Marrero announce regarding Cuba's currency exchange market?
Manuel Marrero confirmed that the Cuban government plans to implement a reform of the official currency exchange market in the latter half of this year.