In Cuba's informal currency exchange market, two significant changes have emerged: a decline in both the dollar and MLC prices.
This Thursday morning, the American dollar is valued at 440 CUP per unit, marking a decrease of five pesos.
The Freely Convertible Currency (MLC) also experiences a drop, now priced at 290 CUP, which is five units less than the previous day's rate.
Meanwhile, the euro remains unchanged, as reported by the independent outlet elTOQUE on December 11. This platform tracks the fluctuations in foreign currency prices within Cuba.
The European currency has been consistently valued at 490 CUP for several days.
Current Exchange Rates as of December 11, 2025 - 6:56 a.m. in Cuba:
Dollar (USD) to CUP according to elTOQUE: 440 CUP.
Euro (EUR) to CUP according to elTOQUE: 490 CUP.
MLC to CUP according to elTOQUE: 290 CUP.
Conversion rates for U.S. Dollar (USD) bills to Cuban Peso (CUP) based on these December 11 rates:
- 1 USD = 440 CUP.
- 5 USD = 2,200 CUP.
- 10 USD = 4,400 CUP.
- 20 USD = 8,800 CUP.
- 50 USD = 22,000 CUP.
- 100 USD = 44,000 CUP.
Conversion rates for Euro (EUR) bills to Cuban Peso (CUP):
- 1 EUR = 490 CUP.
- 5 EUR = 2,450 CUP.
- 10 EUR = 4,900 CUP.
- 20 EUR = 9,800 CUP.
- 50 EUR = 24,500 CUP.
- 100 EUR = 49,000 CUP.
- 200 EUR = 98,000 CUP.
- 500 EUR = 245,000 CUP.
In recent weeks, the Cuban government has ramped up its crackdown on the informal currency market and the reference rates published by elTOQUE.
This crackdown involves criminal investigations, threats against currency exchange operators, and a communication strategy aimed at discrediting alternative sources of dollar, euro, and other currency prices.
Exchange Rate Fluctuations in Cuba
Why has the dollar's value decreased in Cuba?
The decrease in the dollar's value in Cuba's informal market may be attributed to several factors, including government measures to control the exchange rates and fluctuations in demand and supply.
What is the current value of the MLC in Cuba?
As of December 11, the MLC is valued at 290 CUP, reflecting a decrease from previous rates.
How stable is the euro's value in Cuba?
The euro's value has remained stable at 490 CUP for several days, according to reports from elTOQUE.