The U.S. dollar has surged to 418 Cuban pesos in the informal market, marking its fifth consecutive day of climbing to new heights. This represents an increase of three pesos from the previous session. The rise in the dollar's value underscores the worsening condition of the Cuban peso against the American currency amidst ongoing inflation and a limited supply of foreign exchange in official channels.
Meanwhile, the euro has climbed to 470 Cuban pesos, solidifying its position as the most expensive foreign currency in Cuba. This trend is driven by both its scarcity and the increasing demand within the informal market, where it is widely used for commercial transactions and remittances.
The Freely Convertible Currency (MLC), which is utilized in state-run stores, has also seen an uptick, increasing by five pesos to reach a rate of 200 Cuban pesos today.
Current Exchange Rates in Cuba
On Thursday, September 11, 2025, at 11:24 AM, the exchange rates in the Cuban informal market are as follows:
- USD to Cuban Peso (CUP): 418 CUP
- EUR to Cuban Peso (CUP): 470 CUP
- MLC to Cuban Peso (CUP): 200 CUP
Conversion Rates for U.S. Dollar and Euro
Here's how the current exchange rates translate for dollar and euro bills:
- Dollar (USD) to CUP:
- $1 USD = 418 CUP
- $5 USD = 2,090 CUP
- $10 USD = 4,180 CUP
- $20 USD = 8,360 CUP
- $50 USD = 20,900 CUP
- $100 USD = 41,800 CUP
- Euro (EUR) to CUP:
- €5 = 2,350 CUP
- €10 = 4,700 CUP
- €20 = 9,400 CUP
- €50 = 23,500 CUP
- €100 = 47,000 CUP
- €200 = 94,000 CUP
- €500 = 235,000 CUP
Understanding Cuba's Currency Exchange Dynamics
Why is the Cuban peso losing value against the U.S. dollar?
The Cuban peso is depreciating due to persistent inflation and a limited supply of foreign currency in official markets, leading to a reliance on informal exchange channels.
What is driving the increase in euro demand in Cuba?
The euro's demand is rising because it is scarce and is heavily used for commercial activities and remittances, making it a sought-after currency in Cuba's informal market.