On this Friday, the U.S. dollar is trading at 515 CUP in Cuba's unofficial market. Its high value persists amid a continuous shortage of foreign currency and increasing demand.
This American currency acts as the main benchmark for setting prices in the island's informal economy. The dollar's value directly affects the costs of goods and services, with everyday purchases such as food and basic necessities being influenced by this rate, further straining the purchasing power of Cubans.
Currently, the euro is valued at 575.5 CUP, making it the strongest currency in the informal market. However, its price has decreased by five pesos compared to Thursday, when it reached a record high of 580 CUP.
Many Cubans turn to the euro as an alternative safeguard against the devaluation of the peso, particularly for larger transactions or saving for international travel.
As for the MLC (Moneda Libremente Convertible), it is currently valued at 408 CUP, a decrease of two pesos from its value on March 19, when it traded at 410 CUP. Despite the significant gap compared to the dollar and the euro, this currency continues to be used in state-run stores.
Current Informal Exchange Rates in Cuba
Friday, March 20, 2026 - 09:55 AM
Exchange rate for the U.S. dollar (USD) to Cuban pesos (CUP): 515 CUP
Exchange rate for the euro (EUR) to Cuban pesos (CUP): 575.5 CUP
Exchange rate for the MLC to Cuban pesos (CUP): 408 CUP
Cuban Black Market Currency Equivalents
Based on the current rates, here are the equivalents for different denominations in the Cuban informal market:
U.S. Dollar (1 USD = 515 CUP)
- 1 USD → 515 CUP
- 5 USD → 2,575 CUP
- 10 USD → 5,150 CUP
- 20 USD → 10,300 CUP
- 50 USD → 25,750 CUP
- 100 USD → 51,500 CUP
Euro (EUR → CUP)
- 5 EUR = 2,875 CUP
- 10 EUR = 5,750 CUP
- 20 EUR = 11,500 CUP
- 50 EUR = 28,750 CUP
- 100 EUR = 57,500 CUP
- 200 EUR = 115,000 CUP
- 500 EUR = 287,500 CUP
Understanding Cuba's Informal Currency Market
Why is the U.S. dollar so influential in Cuba's economy?
The U.S. dollar serves as a primary reference for pricing in Cuba's informal economy. Its influence stems from its stability and widespread acceptance, impacting the cost of goods and services on the island.
How does the euro serve as a safeguard for Cubans?
Cubans often use the euro to protect against the devaluation of the peso. It is especially favored for larger transactions and savings meant for international travel, given its relative strength in the market.