On this Monday, the US dollar is trading at 398 Cuban pesos (CUP) in the informal market, as reported by the independent outlet elTOQUE. This rate marks a decrease of one peso compared to the previous day but still keeps the American currency at one of its highest levels in recent months, highlighting the ongoing depreciation of the Cuban peso against foreign currencies.
Meanwhile, the euro is valued at 445 CUP, and the Freely Convertible Currency (MLC) stands at 210 CUP. These figures underscore the challenges faced by the Cuban economy, characterized by persistent inflation, a shortage of foreign currency, and increasing dollarization.
Impact of Informal Exchange Rates on Cuban Economy
The exchange rates in the black market have a direct influence on the cost of goods and services, especially those linked to the informal market or unofficial imports. In Cuba, the informal currency market operates without government regulation and has become the primary reference for most citizens, given the near absence of official offerings of dollars and euros.
Current Exchange Rates - Monday, August 11, 2025 - 07:00
Informal Exchange Rate of USD to CUP: 398 CUP
Informal Exchange Rate of EUR to CUP: 445 CUP
Informal Exchange Rate of MLC to CUP: 210 CUP
Conversion Rates for Available Bills
US Dollar (USD)
1 USD → 398 CUP
5 USD → 1,990 CUP
10 USD → 3,980 CUP
20 USD → 7,960 CUP
50 USD → 19,900 CUP
100 USD → 39,800 CUP
Euro (EUR)
1 EUR → 445 CUP
5 EUR → 2,225 CUP
10 EUR → 4,450 CUP
20 EUR → 8,900 CUP
50 EUR → 22,250 CUP
100 EUR → 44,500 CUP
FAQs on Currency Exchange in Cuba
Why is the US dollar valued so high in Cuba's black market?
The high value of the US dollar in Cuba's black market is due to the scarcity of foreign currency and the Cuban peso's continuous depreciation, combined with the lack of official access to dollars.
What impact does the informal exchange rate have on everyday life in Cuba?
The informal exchange rate affects the price of imported goods and services, increasing the cost of living as many products rely on foreign currencies for procurement.