The start of February witnesses a decline in the value of two out of the three key currencies in Cuba's informal exchange market.
As of 7:00 a.m. on February 2, the value of the euro dropped to 538 CUP, marking a decrease of two pesos from the previous day's rate, according to the daily report by the independent outlet elTOQUE.
The drop is even more significant for the Freely Convertible Currency (MLC), which fell from 410 to 400, a reduction of ten pesos compared to Sunday.
Meanwhile, the U.S. dollar has maintained its rate at 485 CUP for a full week.
Exchange Rates as of 02/02/2026 - 7:15 a.m. in Cuba:
USD to CUP exchange rate according to elTOQUE: 485 CUP.
EUR to CUP exchange rate according to elTOQUE: 538 CUP.
MLC to CUP exchange rate according to elTOQUE: 400 CUP.
Conversion of U.S. Dollar (USD) bills to Cuban Peso (CUP), based on February 2 exchange 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 of Euro (EUR) bills to Cuban Peso (CUP):
1 EUR = 538 CUP.
5 EUR = 2,690 CUP.
10 EUR = 5,380 CUP.
20 EUR = 10,760 CUP.
50 EUR = 26,900 CUP.
100 EUR = 53,800 CUP.
Understanding Cuba's Informal Currency Market
Why did the euro and MLC value drop in Cuba's informal market?
The specific reasons for currency fluctuations can vary, including changes in demand, economic policies, and external market influences affecting Cuba's economy.
How stable is the U.S. dollar in Cuba's informal market?
The U.S. dollar has maintained a stable rate of 485 CUP for the past week, indicating a temporary equilibrium in its exchange rate.