The U.S. dollar (USD) continues to dominate Cuba's informal market, reaching a rate of 490 Cuban pesos this Friday, October 24, 2025. This marks a rise of five pesos compared to the previous day.
The independent outlet, elTOQUE, offers insights into the exchange rates within the country's informal market. Despite minor fluctuations in recent weeks, the greenback remains strong amid the ongoing shortages affecting Cubans.
Meanwhile, the euro (EUR) remains stable at 540 Cuban pesos, unchanged from Thursday. As a popular alternative for those receiving remittances from Europe or engaging in tourism-related transactions, the euro's availability in cash is still limited.
The MLC (Freely Convertible Currency), utilized in state-run stores, holds steady at 200 Cuban pesos, highlighting the disparity between the official exchange rate and the reality of the informal market.
Informal Exchange Rates in Cuba, Friday, October 24, 2025 - 07:00
Exchange rate for the U.S. dollar (USD) to Cuban pesos (CUP): 490 CUP
Exchange rate for the euro (EUR) to Cuban pesos (CUP): 540 CUP
Exchange rate for the MLC to Cuban pesos (CUP): 200 CUP
Currency to Cuban Peso (CUP) Conversion
U.S. Dollar (1 USD = 490 CUP)
$1 = 490 CUP
$5 = 2,450 CUP
$10 = 4,900 CUP
$20 = 9,800 CUP
$50 = 24,500 CUP
$100 = 49,000 CUP
Euro (1 EUR = 540 CUP)
€5 = 2,700 CUP
€10 = 5,400 CUP
€20 = 10,800 CUP
€50 = 27,000 CUP
€100 = 54,000 CUP
€200 = 108,000 CUP
€500 = 270,000 CUP
FAQs on Cuba's Informal Currency Exchange
Why is the U.S. dollar gaining strength in Cuba's informal market?
The U.S. dollar is gaining strength due to ongoing economic shortages and the demand for a stable currency amidst Cuba's financial instability.
How does the euro compare to the dollar in Cuba's exchange market?
Currently, the euro is valued at 540 Cuban pesos, making it a viable alternative to the dollar for those involved in European transactions or receiving remittances.