Dollar price rises, MLC and Euro remain stable 2024-07-26 16:54:25

Today, Wednesday, the informal currency market in Cuba has registered a new variation in exchange rates.

According to the latest data shared by the Toque platform, the US dollar has seen an increase, while the euro and the Freely Convertible Currency (MLC) have remained stable.

The euro remains constant at $315.00 CUP, unchanged from the previous day. This stability reflects a pause in the fluctuations observed in previous days. The US dollar has risen 7.5 pesos, now trading at $310.00 CUP. This increase is significant and highlights a change in the trend of the last 24 hours. Meanwhile, the Freely Convertible Currency (MLC) remains at $270.00 CUP, unchanged from the previous day. This stability contrasts with the fluctuations of the dollar. It is important to note that, although currencies have experienced these variations, in some groups for buying and selling currencies in Cuba, offers for slightly different values ​​are still found. Exchange rates are not homogeneous and can vary according to the region and other factors. The current reality regarding supply and demand in a small municipality in the east of the country is not the same as in the capital. Many factors influence the value of foreign currency in the informal market, from the urgency of the person selling or buying, to the place where the transaction takes place, the amounts offered and the state of preservation or the denomination of the banknotes.

Exchange rates today

• Euros (EUR): 1 EUR = 315 CUP (no change)
• United States Dollar (USD): 1 USD = 310 CUP (up 7.5 pesos)
• Freely Convertible Currency (MLC): 1 MLC = 270 CUP (unchanged)

Conversion of dollars and euros to MLC

• 1 EUR = 1.17 MLC
• 1 USD = 1.15 MLC

Some useful equivalences in CUP

Euros:

• 10 EUR = 3,150 CUP
• 20 EUR = 6,300 CUP
• 30 EUR = 9,450 CUP
• 40 EUR = 12,600 CUP
• 50 EUR = 15,750 CUP
• 100 EUR = 31,500 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 = 2,700 CUP
• 20 MLC = 5,400 CUP
• 30 MLC = 8,100 CUP
• 40 MLC = 10,800 CUP
• 50 MLC = 13,500 CUP
• 100 MLC = 27,000 CUP

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

We remind you that, although the increase in the price of the dollar may seem significant, its impact on the domestic economy remains limited. 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 information.

For more details and to keep up to date with the latest economic news from Cuba, follow our daily publications.