The price of the dollar and the euro collapses 2024-07-18 14:17:59

The informal currency market in Cuba continues to show a favorable downward trend with continued falls in the prices of the US dollar and the euro.

As stated, according to the most recent data shared by the Toque platform, both the euro and the US dollar have experienced declines, while the Freely Convertible Currency (MLC) remains stable.

The euro has dropped by no less than 10 pesos from yesterday to today, reaching a fairly low price of $320.00 CUP. A new fall that reinforces the downward trend of the last few weeks.

Meanwhile, the US dollar has dropped another five pesos, now trading at $310.00 CUP. A new adjustment that also reinforces the devaluation observed recently.

For its part, the Freely Convertible Currency (MLC) remains at $280.00 CUP, unchanged from the previous day. This stability contrasts with the fluctuations of other currencies.

These are the rates that elToque shares daily from the purchase and sale announcements on different social networks. However, it is important to note that in some currency buying and selling groups in Cuba, offers for slightly lower values ​​are still being found.

Obviously, exchange rates are not homogeneous and can vary depending on several factors. Such as the urgency of the person selling or buying, the city, municipality or region where the transaction is taking place, the amounts of currency offered and the state of preservation of the banknotes, for example.

Exchange rates today in Cuba

• Euros (EUR): 1 EUR = 320 CUP (down 10 pesos)
• United States Dollar (USD): 1 USD = 310 CUP (down five pesos)
• Freely Convertible Currency (MLC): 1 MLC = 280 CUP (unchanged)

Conversion of dollars and euros to MLC

• 1 EUR = 1.14 MLC
• 1 USD = 1.11 MLC

Some useful equivalences in CUP

Euros:

• 10 EUR = 3,200 CUP
• 20 EUR = 6,400 CUP
• 30 EUR = 9,600 CUP
• 40 EUR = 12,800 CUP
• 50 EUR = 16,000 CUP
• 100 EUR = 32,000 CUP

Dollars:

• 10 USD = 3,100 CUP
• 20 USD = 6,200 CUP
• 30 USD = 9,300 CUP
• 40 USD = 12,400 CUP
• 50 USD = 15,500 CUP
• 100 USD = 31,000 CUP

MLC:

• 10 MLC = 2,800 CUP
• 20 MLC = 5,600 CUP
• 30 MLC = 8,400 CUP
• 40 MLC = 11,200 CUP
• 50 MLC = 14,000 CUP
• 100 MLC = 28,000 CUP

Although a large part of the Cuban population is celebrating the fact that both the dollar and the euro continue to lose value, it is fair to point out that this has not resulted in any lower prices on the island.

The country’s economic situation is complex, and fluctuations in the informal currency market reflect this reality. We will be attentive to any changes and will keep you informed with the most up-to-date details.

We encourage you to follow our daily information on exchange rates in Cuba; we are the first media outlet to publish them every day.