Knowing the official exchange rates in Cuba is essential for both residents and travelers planning to visit the island.
In this article, we present the official CADECA exchange rates for this April 1, 2024, breaking down relevant information for each group.
For travelers:
-The national currency of Cuba is the CUP (Cuban peso). As of January 2021, there is only one official currency in circulation.
-The official exchange rate for the US dollar (USD) is 1 USD = 110.40 CUP.
-The exchange rates for other currencies such as EUR, GBP, CAD and CHF can be viewed in the table at the end of the text.
-It is important to keep in mind that there is an informal exchange market in Cuba with different rates to the official ones (1 EUR = 340.00 CUP, 1 USD = 336.00 CUP and 1 MLC = 278.00 CUP).
For Cubans:
-Cuban currency exchange is carried out at CADECA branches.
-It is necessary to make an appointment on the Ticket online reservation platform, with a waiting list that can take months.
-There is a limit of 100 MLC (freely convertible currency) to sell to the population.
-The exchange rates at CADECA are slightly different than those at airports and hotels.
He CADECA Currency Converter It allows you to simulate how much you will receive both in Cuban pesos and in another currency, depending on the exchange rate you want to make. For example: for an exchange of 100 USD to EUR, you will receive 81.05 euros in Cuba. For 100 US dollars, you will get 11,040 Cuban pesos.
Official exchange rates
Exchange rates at Cuban airports and hotels in effect until 04/01/2024:
- Canadian Dollar (CAD): 86.87301
- Swiss Franc (CHF): 130.44925
- Euro (EUR): 127.02564
- British Pound (GBP): 148.62876
- Japanese Yen (JPY): 1.28541
- Mexican Peso (MXN): 7.08914
- United States Dollar (USD): 110.40000
Exchange rates at CADECA branches in effect until 04/1/2024:
- Canadian Dollar (CAD): Buy 86.87301, Sell 93.07823
- Swiss Franc (CHF): Buy 130.44925, Sell 139.76705
- Euro (EUR): Buy 127.02564, Sell 136.09890
- Pound Sterling (GBP): Buy 148.62876, Sell 159.24510
- Japanese Yen (JPY): Buy 1.28541, Sell 1.19720
- Mexican Peso (MXN): Buy 7.08914, Sell 7.59551
- US Dollar (USD): Buy 110.40000, Sell 123.60000
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