As of December 7, 2025, the exchange rate for the US dollar remains steady at 450 Cuban pesos (CUP), according to the rates published by elTOQUE.
This valuation highlights the relative stability of the greenback in the informal market, where it continues to be the currency of choice for Cubans aiming to save or make purchases in state-run stores.
The euro is trading at 490 CUP, maintaining its position above the dollar and solidifying its status as one of the strongest currencies in Cuba's parallel market. The gap between the two currencies has remained stable over recent weeks, with no significant fluctuations.
Meanwhile, the MLC (Freely Convertible Currency) rate stands at 280 CUP, based on the same source's data. These three currencies remain the key benchmarks in Cuba's informal exchange market.
Current Informal Exchange Rates in Cuba
Sunday, December 7, 2025 - 06:00
Exchange rate for the US dollar (USD) to Cuban pesos (CUP): 450 CUP
Exchange rate for the euro (EUR) to Cuban pesos (CUP): 490 CUP
Exchange rate for the MLC to Cuban pesos (CUP): 280 CUP
Conversion of Dollar and Euro Notes to Cuban Pesos
United States Dollar (USD)
- $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)
- €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 the Informal Currency Market in Cuba
Why is the US dollar the most demanded foreign currency in Cuba?
The US dollar is highly sought after in Cuba due to its relative stability and its use for savings and purchases in state-run stores, making it a preferred choice in the informal market.
How does the exchange rate for the euro compare to the dollar in Cuba?
The euro's exchange rate is higher than the dollar's, trading at 490 CUP compared to the dollar's 450 CUP, reflecting its strong position in the parallel market.