This September 8, the Day of the Patron Saint of Cuba, this is how the official and unofficial exchange market will be opening up. This is the price of the dollar, euro and the Freely Convertible Currency (MLC).
How is the currency exchange market today? As usual, Directorio Cubano informs you about the current values of the US dollar, the euro and the Freely Convertible Currency (MLC) on the Cuban black market, as well as the official exchange rates established by Cuban banks.
According to the latest reports from El Toque, the currency market in Cuba continues to show remarkable stability.
The exchange rates for the dollar (USD), the euro (EUR) and the MLC have remained unchanged, reflecting a stable trend that has lasted for several weeks.
The exchange rates in the informal market reported today, Sunday, September 8, are:
– USD: 320 CUP
– EUR: 330 CUP
– MLC: 275 CUP
Price of the dollar, euro and MLC in Cuba today, September 8
The price of the dollar, euro and MLC remains the same as in recent weeks. This stability, rare in an economic environment characterized by constant fluctuations, highlights the current situation of the exchange market on the island, especially on the black market.
The stability in the price of the dollar, the euro and the MLC for several days has generated concern among the population, who fear a “sudden increase” at any moment.
Although the rates reported by El Toque remain stable, slight fluctuations in the informal market suggest that there is still activity.
These small adjustments could anticipate more significant changes in the future, so it is advisable to remain alert to variations in the price of the dollar, euro and MLC throughout the day.
What are the official exchange rates, according to the Central Bank on the island, for the rest of the currencies? Below.
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Informal foreign exchange market in Cuba real time
Table of Contents
The Cuban Exchange Market: Staying on Top of Unofficial and Official Exchange Rates
As of September 8, the Day of the Patron Saint of Cuba, the currency exchange market is showing remarkable stability. According to reports from El Toque, the exchange rates for the US dollar (USD), euro (EUR), and Freely Convertible Currency (MLC) have remained unchanged, reflecting a stable trend that has lasted for several weeks.
Unofficial Exchange Rates
On the informal market, the exchange rates reported on September 8 are:
USD: 320 CUP
EUR: 330 CUP
* MLC: 275 CUP
This stability in the price of the dollar, euro, and MLC has generated concern among the population, who fear a sudden increase at any moment. However, slight fluctuations in the informal market suggest that there is still activity, and these small adjustments could anticipate more significant changes in the future.
Official Exchange Rates
According to the Central Bank on the island, the official exchange rates for the rest of the currencies are also stable. To get the most up-to-date and accurate exchange rates, one can visit the CADECA website [2], which offers cash transfer services and credit national currency in accounts associated with natural persons’ magnetic cards.
Tracking Exchange Rates
To stay informed about the current values of the US dollar, euro, and Freely Convertible Currency (MLC) on the Cuban black market, as well as the official exchange rates established by Cuban banks, one can track the Cuban Peso exchange rate using online tools such as The Actual Cuban Exchange Rate Dashboard [1]. This dashboard provides real-time data on the exchange rates of the Cuban Peso against the Euro and Dollar on the informal market.
Comparing Exchange Rates
When sending money to Cuba, it is essential to compare the best exchange rates for the Cuban Peso. Websites like Wise [3] allow users to compare exchange rates from different money transfer providers to get the best deal.
Conclusion
The Cuban exchange market is complex, and staying informed about unofficial and official exchange rates is crucial for individuals and businesses alike. By tracking exchange rates and comparing the best deals, one can navigate the market with confidence and make the most of their money.
Keywords: Cuban Peso, exchange rate, USD, EUR, MLC, CADECA, Central Bank, Cuba, currency exchange, informal market, official exchange rates.
USD to Cuban peso black market
Understanding Cuba’s Currency Market: Exchange Rates and Conversion
Cuba, a Caribbean island nation, has a unique currency market that can be complex for travelers and investors to navigate. With two currencies in circulation, the Cuban Peso (CUP) and the Freely Convertible Currency (MLC), understanding the exchange rates and conversion process is crucial. In this article, we will delve into the current state of Cuba’s currency market, exploring the exchange rates, conversion process, and the implications for travelers and investors.
Current Exchange Rates
As of September 8, 2024, the exchange rates in Cuba’s informal market remain stable, with the US Dollar (USD) trading at 320 CUP, the Euro (EUR) at 330 CUP, and the MLC at 275 CUP[[[1]]. This stability is a rare phenomenon in an economic environment characterized by constant fluctuations.
Official Exchange Rates
The official exchange rates, established by the Central Bank of Cuba, differ from the informal market rates. The official rate for USD to CUP is 24:1[[[2]], which is a fixed rate that has been maintained for some time.
Conversion Process
Travelers and investors can convert their USD or EUR to CUP or MLC at various exchange points, including banks, currency exchange offices (CADECA), and hotels. CADECA, the Cuban state-owned enterprise, offers cash transfer services and credit national currency in accounts associated with natural persons’ magnetic cards[[[3]]. Western Union, a global money transfer company, also provides currency conversion services, with an online currency converter available to check the current exchange rates[[[1]].
Implications for Travelers and Investors
The stability of the exchange rates in Cuba’s informal market is a positive sign for travelers and investors. However, the fixed official exchange rate and the dual currency system can lead to confusion and complexity. It is essential for travelers and investors to understand the current exchange rates and conversion process to make informed decisions about their transactions.
Cuba’s currency market is a complex system that requires understanding and adaptation. With the current stability in the exchange rates, travelers and investors can navigate the market with more confidence. However, it is crucial to stay informed about any changes in the exchange rates and conversion process to ensure successful transactions in Cuba.
References:
[[[1]]Western Union. (n.d.). Convert US Dollar to Cuban Peso. Retrieved from
[[[2]]Home to Havana. (2024). Cuba Currency: Local’s Guide For Travelers [2024 Update]. Retrieved from
[[[3]]CADECA. (n.d.). CADECA commits to new services. Retrieved from
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