The first day of May dawns steady, with no fluctuations in Cuba's informal currency market.
As of the early hours of May 1st, the US dollar remains at 535 Cuban pesos (CUP), the euro at 605 CUP, and the MLC at 410 CUP.
The dollar reached this record level last Thursday, following two consecutive days of increases: on April 29, it climbed to 532 CUP, and the following day, it added three more pesos, surpassing the maximum forecast of the Observatorio de Monedas y Finanzas de Cuba (OMFi)
Throughout April, the climb was steady and consistent. Starting from 515 CUP at the end of March, the currency accumulated a rise of 20 pesos over the month, representing a 3.9% increase. One of the most significant upward movements occurred on April 22, when the dollar surged four pesos in a single day to reach 530 CUP, maintaining that level for several days before continuing its rise. The euro experienced its own milestone on April 19, breaking the psychological barrier of 600 CUP for the first time ever. It held steady at that mark for ten days before increasing by five pesos on April 29 to reach 605 CUP, also exceeding the OMFi's prediction of 604 CUP. In contrast, the MLC shows a downward trend: it dropped to 410 CUP on April 30 and remains at that level this Friday, after previously trading at higher levels weeks earlier. The US dollar reached a record high due to sustained increases over several days, surpassing forecasts and reflecting the volatile nature of Cuba's informal market. The euro broke the 600 CUP barrier due to market dynamics that led to a significant increase, reaching new levels not previously seen in Cuba's informal market. The MLC is currently on a downward trend, having decreased to 410 CUP, maintaining this level after previously trading at higher values.Understanding Cuba's Informal Currency Market Trends
Why did the US dollar reach a record high in Cuba?
What caused the euro to break the 600 CUP barrier?
What is the current trend for MLC in Cuba?