The US dollar is currently trading at an exchange rate of 450 Cuban pesos (CUP), as reported by elTOQUE.
This American currency remains a primary choice for cash transactions across the island, where the scarcity of foreign exchange keeps its demand consistently high.
Meanwhile, the euro stands at 490 CUP this Saturday, making it the most valuable currency in the informal market. Although the euro circulates less frequently than the dollar, it is commonly used by those receiving remittances from Europe or engaging in euro-based transactions.
On the other hand, the Freely Convertible Currency (MLC) has bounced back to a value of 280 CUP, an increase of 8 pesos from the previous day's rate.
Informal Exchange Rates in Cuba
As of Saturday, December 6, 2025, at 05:35 AM, the current informal exchange rates are:
- US Dollar (USD) to Cuban pesos (CUP): 450 CUP
- Euro (EUR) to Cuban pesos (CUP): 490 CUP
- Freely Convertible Currency (MLC) to Cuban pesos (CUP): 280 CUP
Cuban Peso Equivalency for US Dollar and Euro Bills
US Dollar (USD) – 1 USD = 450 CUP
- $1 = 450 CUP
- $5 = 2,250 CUP
- $10 = 4,500 CUP
- $20 = 9,000 CUP
- $50 = 22,500 CUP
- $100 = 45,000 CUP
Euro (EUR) – 1 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 US dollar's demand high in Cuba?
The demand for the US dollar is high in Cuba due to its widespread use for cash transactions and the scarcity of foreign currency options on the island.
How does the euro compare to the US dollar in Cuba's black market?
In Cuba's informal market, the euro is valued higher than the US dollar, trading at 490 CUP compared to the dollar's 450 CUP.
What factors influence the exchange rate for MLC in Cuba?
The exchange rate for MLC in Cuba is influenced by demand and supply dynamics, government policies, and economic conditions affecting foreign currency inflows.