One of the three reference currencies in Cuba has increased in price in the informal market.
By CiberCuba Editorial Team
Wednesday, April 16, 2025 – 07:26
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The euro started the day with a price increase in Cuba, according to the independent media elTOQUE in its daily report documenting the fluctuations of currencies in informal trading.
At 7:00 a.m. (local time) this Wednesday, the European currency surprises by suddenly rising five pesos, increasing from 370 to 375 CUP.
The dollar remains at 362 CUP, the level it reached this Tuesday, but be aware, the median values for the U.S. currency over the last 24 hours show that sales are hovering around 365 for the second consecutive day, which could manifest as an increase in the coming hours.
The freely convertible currency (MLC), for its part, remains valued at 260 CUP.
Exchange rate of the dollar USD to CUP according to elTOQUE: 362 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 375 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 260 CUP.
elTOQUE through its Observatory of Currencies and Finances of Cuba (OMFi) has made specific forecasts for the behavior of currencies in the informal market for the remainder of April.
A valuation of the dollar and euro is expected to range between 2.5% and 4.8%, while the MLC could continue to decline to levels of 262 – 255 CUP per 1 MLC.
In contrast, it is estimated that the dollar will be between 364 and 372 CUP, and the euro between 370 and 377 CUP.
These calculations reflect the increasing pressure on the MLC, whose purchasing power is being eroded by inflation and the market’s preference for hard currencies.
United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates as of April 16:
1 USD = 362 CUP.
5 USD = 1,810 CUP.
10 USD = 3,620 CUP.
20 USD = 7,240 CUP.
50 USD = 18,100 CUP.
100 USD = 36,200 CUP.
EUROS (EUR)
1 EUR = 375 CUP.
5 EUR = 1.875 CUP.
10 EUR = 3,750 CUP.
20 EUR = 7,500 CUP.
50 EUR = 18,750 CUP.
100 EUR = 37,500 CUP.
200 EUR = 75,000 CUP.
500 EUR = 187,500 CUP.
Cubans are constantly focused on the informal exchange rates of the dollar, euro, and MLC because this determines their real purchasing power in an economy characterized by scarcity and inflation.
The volatility of exchange rates in Cuba leads many residents on the island to closely monitor the evolution of the informal market, in search of strategies to protect their purchasing power against the devaluation of the national currency.
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A team of journalists committed to reporting on Cuban current affairs and topics of global interest. At CiberCuba, we work to deliver truthful news and critical analysis.
A team of journalists committed to reporting on Cuban current affairs and topics of global interest. At CiberCuba, we work to deliver truthful news and critical analysis.
Euro surge and other updates from the Cuban informal market in recent hours – CiberCuba
