On Tuesday, September 9, the US dollar (USD) was exchanged at 413 Cuban pesos (CUP) within Cuba's informal market, as reported by the daily monitoring of elTOQUE. This marks an increase of one peso from the previous day, highlighting the upward trend of the American currency on the island. This rise is driven by strong demand amidst a shortage of foreign currencies and the ongoing devaluation of the Cuban peso.
Meanwhile, the euro (EUR) remains the most expensive currency on Cuba's black market, reaching 465 CUP today. Its value significantly surpasses that of the dollar, having increased by three pesos compared to Monday. In contrast, the Freely Convertible Currency (MLC), used in state-run stores, stayed at 195 CUP. Although still far from the USD and EUR values, it remains essential for purchasing basic goods in certain regions of the country.
Informal Exchange Rates in Cuba, Tuesday, September 9, 2025 - 08:00 a.m.
US Dollar (USD) to Cuban Pesos (CUP): 413 CUP
Euro (EUR) to Cuban Pesos (CUP): 465 CUP
Freely Convertible Currency (MLC) to Cuban Pesos (CUP): 195 CUP
Conversions in Cuban Pesos (CUP) According to Informal Market Rates:
US Dollars (USD) at 413 CUP
$1 USD = 413 CUP
$5 USD = 2,065 CUP
$10 USD = 4,130 CUP
$20 USD = 8,260 CUP
$50 USD = 20,650 CUP
$100 USD = 41,300 CUP
Euros (EUR) at 465 CUP
€5 EUR = 2,325 CUP
€10 EUR = 4,650 CUP
€20 EUR = 9,300 CUP
€50 EUR = 23,250 CUP
€100 EUR = 46,500 CUP
€200 EUR = 93,000 CUP
€500 EUR = 232,500 CUP
Understanding Cuba's Informal Currency Market
Why is the US dollar increasing in value in Cuba's informal market?
The rise in the US dollar's value is primarily due to high demand in an environment of foreign currency shortages and the sustained devaluation of the Cuban peso.
How does the euro compare to the US dollar in Cuba's informal market?
The euro is currently more expensive than the US dollar in Cuba's informal market, with a rate of 465 CUP compared to the dollar's 413 CUP.