As of Thursday, May 1st, the U.S. dollar (USD) is valued at 368 Cuban pesos (CUP) in Cuba's informal currency exchange market. This upward trend continues following weeks of moderate fluctuations.
The euro has also seen a price increase, currently standing at 385 CUP, thereby maintaining its status as the most expensive foreign currency on the street. The continuous demand and limited supply are driving its value higher against the Cuban peso.
Meanwhile, the Freely Convertible Currency (MLC) is being traded at 265 CUP, remaining stable. Despite its restricted use in state-run stores, its exchange rate still reflects interest among the population.
These rates are determined by elTOQUE through observations of prices in the Cuban informal market.
Informal Exchange Rates in Cuba - May 1st, 2025, 06:02
USD to CUP: 368 CUP
EUR to CUP: 385 CUP
MLC to CUP: 265 CUP
Dollar to Cuban Peso Conversion
1 dollar equals 368 Cuban pesos.
5 dollars equal 1,840 Cuban pesos.
10 dollars equal 3,680 Cuban pesos.
20 dollars equal 7,360 Cuban pesos.
50 dollars equal 18,400 Cuban pesos.
100 dollars equal 36,800 Cuban pesos.
Euro to Cuban Peso Conversion
5 euros equal 1,925 Cuban pesos.
10 euros equal 3,850 Cuban pesos.
20 euros equal 7,700 Cuban pesos.
50 euros equal 19,250 Cuban pesos.
100 euros equal 38,500 Cuban pesos.
200 euros equal 77,000 Cuban pesos.
500 euros equal 192,500 Cuban pesos.
Understanding Cuba's Informal Exchange Market
Why is the exchange rate for USD higher in the informal market?
The informal market often reflects higher rates due to limited availability and high demand for foreign currencies, which are not as tightly regulated as in official exchanges.
How does the euro compare to the USD in the Cuban informal market?
Currently, the euro is valued higher than the USD in the informal market, indicating it is more expensive and possibly in greater demand compared to the dollar.
What is the Freely Convertible Currency (MLC) in Cuba?
The MLC is a currency used in specific state-run stores in Cuba, allowing for certain goods to be purchased that are not available for purchase with the national currency.