The informal currency market in Cuba is currently showing signs of stability, despite a recent surge of developments that have increased pressure on the communist regime.
As of now, Cuba's informal currency market has not responded to the announcement made on Thursday by the Trump administration, which involves imposing tariffs on countries supplying oil to the island.
There have also been no market movements following a formal request by South Florida congressmen to the Trump administration, advocating for the cessation of regular flights to Cuba and the suspension of remittances. If implemented, these actions could significantly impact the flow of foreign currency in the nation.
Contrary to expectations, for the fourth consecutive day, there has been no change in the selling prices of the three main currencies used in Cuba.
At 10:00 a.m. on January 30, the U.S. dollar remains at 485 CUP, a level it reached on Monday, according to the daily report from the independent outlet elTOQUE.
The euro also remains steady, being traded again at 530 CUP today. The European currency has now seen nine days without a change in its average selling price.
The Freely Convertible Currency (MLC) stays at 400 CUP today.
Exchange rate today 01/30/2026 - 7:23 a.m. in Cuba: According to elTOQUE, the exchange rate for the USD to CUP is 485 CUP. The exchange rate for the EUR to CUP is 530 CUP. The exchange rate for the MLC to CUP is 400 CUP.
According to models released earlier this month by the Cuban Currency and Finance Observatory (OMFi), projections for January anticipated a rising trend:
- Dollar: central projection of 465 CUP (range between 454 and 480 CUP).
- Euro: projection of 505 CUP (range between 479 and 515 CUP).
- MLC: estimated around 427 CUP (range between 398 and 440 CUP).
As the month draws to a close, the current values of the two main currencies— with the dollar valued at 485 CUP and the euro at 530 CUP— reveal both have exceeded the forecast, while the Freely Convertible Currency remains significantly below OMFi's prediction.
This situation reinforces the perception of a market under strain due to ongoing uncertainty and distrust in the Cuban peso.
Current Exchange Rates and Currency Equivalents
U.S. Dollar (USD) to Cuban Peso (CUP) based on exchange rates of January 30:
- 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
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 Cuba's Informal Currency Market Dynamics
How have recent U.S. government measures impacted Cuba's currency market?
So far, the informal currency market in Cuba has remained unaffected by recent U.S. measures, including tariffs on oil supplies and potential restrictions on flights and remittances.
What are the current exchange rates for USD and EUR in Cuba?
As of January 30, the exchange rate for the USD to CUP is 485, while the EUR to CUP is 530.
What were the projected exchange rates for January 2026?
Projections anticipated the USD at 465 CUP and the EUR at 505 CUP, with the MLC at 427 CUP. However, current values for USD and EUR exceed these forecasts.