This Tuesday, the informal currency market in Cuba began with no changes, catching many by surprise. The day remained stable for the three key currencies in the island's economic landscape.
As of 7:00 a.m. on January 27, the U.S. dollar held steady at 485 CUP, maintaining the rate from the previous day.
The euro also showed no fluctuations, continuing to trade at 530 CUP. This marks the sixth consecutive day without change for the European currency, based on the daily report from independent outlet elTOQUE.
The Freely Convertible Currency (MLC), which has experienced frequent fluctuations recently, remains today at 400 CUP, the rate it reached the day before.
Exchange rates as of January 27, 2026, at 7:40 a.m. in Cuba, according to elTOQUE are as follows:
- USD to CUP: 485 CUP
- EUR to CUP: 530 CUP
- MLC to CUP: 400 CUP
The Cuban Monetary and Financial Observatory (OMFi) had projected upward trends for January:
- USD: central projection of 465 CUP (range of 454 to 480 CUP)
- EUR: projected at 505 CUP (range of 479 to 515 CUP)
- MLC: estimated around 427 CUP (range of 398 to 440 CUP)
As January draws to a close, the current values of the two main currencies—the dollar at 485 CUP and the euro at 530 CUP—indicate that both have surpassed the forecast. This scenario accentuates the perception of a market under pressure due to uncertainty and distrust in the Cuban peso.
Currency Conversion: USD and EUR to Cuban Peso
Conversion rates for U.S. Dollar (USD) to Cuban Peso (CUP) based on January 27 rates:
- 1 USD = 485 CUP
- 5 USD = 2,425 CUP
- 10 USD = 4,850 CUP
- 20 USD = 9,700 CUP
- 50 USD = 24,250 CUP
- 100 USD = 48,500 CUP
Conversion rates for Euros (EUR) to Cuban Peso (CUP):
- 1 EUR = 530 CUP
- 5 EUR = 2,650 CUP
- 10 EUR = 5,300 CUP
- 20 EUR = 10,600 CUP
- 50 EUR = 26,500 CUP
- 100 EUR = 53,000 CUP
- 200 EUR = 106,000 CUP
Understanding the Cuban Currency Market
Why are the current exchange rates higher than projections?
The current rates exceed projections due to market pressure and widespread distrust in the Cuban peso, leading to increased demand for more stable currencies like the dollar and euro.
What factors influence currency stability in Cuba?
Factors such as economic policies, international relations, and domestic financial conditions significantly impact currency stability in Cuba.