As of Saturday, January 31, the exchange rate for the U.S. dollar stands at 485 Cuban pesos (CUP), according to the figures released by elToque.
The demand for the American currency remains high throughout the island due to a shortage of cash and the Cuban peso's lack of reliability.
Today, the euro is valued at 530 CUP, establishing itself as the priciest currency in the parallel market.
Increasingly, the euro serves as a substitute for the dollar, particularly among those receiving money transfers from Spain or dealing with European travelers.
The freely convertible currency (MLC) is currently pegged at 400 CUP, continuing to be a vital reference for essential purchases.
Restricted access to foreign currencies and the disparity between official and informal exchange rates exacerbate Cuba's economic turmoil, further widening the gap of inequality among its citizens.
Informal Exchange Rates in Cuba: Saturday, January 31, 2026 - 05:01
- USD to CUP: 485 CUP
- EUR to CUP: 530 CUP
- MLC to CUP: 400 CUP
Currency Conversion: Dollar and Euro to Cuban Pesos
Dollars:
- 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:
- 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
FAQs about Currency Exchange in Cuba
Why is there a high demand for the U.S. dollar in Cuba?
The U.S. dollar is in high demand in Cuba due to a shortage of cash and a lack of confidence in the Cuban peso.
How does the euro compare to the dollar in Cuba's black market?
The euro is currently valued higher than the dollar in Cuba's black market, making it the most expensive currency available.
What is the significance of the freely convertible currency (MLC) in Cuba?
The MLC is crucial for basic purchases in Cuba, serving as an essential reference for the cost of goods and services.