Cuba’s Dollar Dawn
News Context
At a glance
- dollar continues to strengthen against the Cuban peso on Cuba's informal exchange market.
- The value of the U.S.dollar has increased compared to the previous day's informal exchange rate.
- The Freely Convertible Currency (MLC),used in state-run stores,holds steady at 265 Cuban pesos.
cuban Peso Plunges as U.S. Dollar Climbs on Informal Market
HAVANA (AP) — Teh U.S. dollar continues to strengthen against the Cuban peso on Cuba’s informal exchange market. As of Friday, the dollar reached 369 Cuban pesos.
Dollar Surges Past Previous Day’s Rate
The value of the U.S.dollar has increased compared to the previous day’s informal exchange rate. The euro, while remaining relatively stable, is valued higher than the dollar at 385 Cuban pesos. The euro remains a preferred currency for remittances and cash transactions on the island.
MLC Remains Steady
The Freely Convertible Currency (MLC),used in state-run stores,holds steady at 265 Cuban pesos.
Inflation Fuels currency Demand
Persistent inflation and high demand for foreign currency continue to devalue the Cuban peso, diminishing its purchasing power within the country.
Informal Exchange Rates – May 2, 2025
- U.S. Dollar (USD) to Cuban Peso (CUP): 369 CUP
- Euro (EUR) to Cuban Peso (CUP): 385 CUP
- Freely convertible Currency (MLC) to Cuban Peso (CUP): 265 CUP
Equivalence of Foreign Currency to Cuban Pesos
U.S. Dollar (USD)
- 1 USD = 369 CUP
- 5 USD = 1,845 CUP
- 10 USD = 3,690 CUP
- 20 USD = 7,380 CUP
- 50 USD = 18,450 CUP
- 100 USD = 36,900 CUP
Euro (EUR)
- 5 EUR = 1,925 CUP
- 10 EUR = 3,850 CUP
- 20 EUR = 7,700 CUP
- 50 EUR = 19,250 CUP
- 100 EUR = 38,500 CUP
- 200 EUR = 77,000 CUP
- 500 EUR = 192,500 CUP