As of Friday, November 21, 2025, the U.S. dollar (USD) is valued at 435 Cuban pesos (CUP) in the informal market, maintaining the same rate as the previous day, according to the figures released by elTOQUE.
This rate highlights the ongoing demand pressure on the American currency, which remains a highly sought-after asset among Cubans for savings, trade, and family remittances.
In contrast, the euro (EUR) has also remained stable, holding a rate of 490 Cuban pesos, thereby reinforcing its status as the highest-valued currency in informal exchanges. This stability attracts those engaged in transactions or receiving income from Europe.
Meanwhile, the Freely Convertible Currency (MLC) surprised with an unexpected surge, increasing by 10 Cuban pesos compared to Thursday. It is now trading at 220 CUP.
Current Informal Exchange Rates in Cuba
Exchange rates as of Friday, November 21, 2025 - 06:47 AM:
- Dollar (USD) to Cuban pesos (CUP): 435 CUP
- Euro (EUR) to Cuban pesos (CUP): 490 CUP
- MLC to Cuban pesos (CUP): 220 CUP
Currency Conversion for Dollar and Euro to Cuban Peso
U.S. Dollar (USD) – 435 CUP
- $1 = 435 CUP
- $5 = 2,175 CUP
- $10 = 4,350 CUP
- $20 = 8,700 CUP
- $50 = 21,750 CUP
- $100 = 43,500 CUP
Euro (EUR) – 490 CUP
- €5 = 2,450 CUP
- €10 = 4,900 CUP
- €20 = 9,800 CUP
- €50 = 24,500 CUP
- €100 = 49,000 CUP
- €200 = 98,000 CUP
- €500 = 245,000 CUP
Understanding Cuba's Informal Currency Market
Why is the U.S. dollar in high demand in Cuba?
The U.S. dollar is in high demand in Cuba due to its stability and use in savings, trade, and remittances. It is seen as a reliable store of value in a volatile economic environment.
What is the significance of the euro's stable exchange rate?
The euro's stable exchange rate signifies its strong position in the Cuban informal market, attracting Cubans involved in European transactions or receiving European income.
What caused the unexpected rise in MLC value?
The unexpected rise in MLC value could be attributed to increased demand or changes in market dynamics, reflecting its role in specific economic activities within Cuba.