The worth of the greenback and the euro proceed to fall day following day in Cuba with nearly the identical marker every day, and with out there being constant fundamentals from a macroeconomic viewpoint that assist a revaluation of the nationwide forex (CUP).
In any case, it is vitally excellent news that the trade charges of the greenback, the euro and the MLC are self-correcting downwards following an nearly similar upward race in latest days.
After all, Cubans hope that this pattern will convey with it a discount within the costs of meals, and different important services, in a context of suffocating inflation that the island is experiencing.
Value of the greenback and the euro in the present day in Cuba
What has been stated, in response to the consultant charge of the casual forex market that the impartial media elToque calculates daily, in the present day reveals one other sharp drop within the worth of the US greenback (USD) and the EURO.
Within the case of the US invoice, it loses one other $5.00 CUP in comparison with the day past, when it was buying and selling round $375.00 CUP. As we speak, Tuesday, the common worth in buy and sale bulletins is $370.00 CUP.
An similar conduct is recorded by the EURO, which stays on the high among the many major currencies exchanged on the island and 10 CUP above the US greenback, having additionally misplaced one other $5.00 CUP within the final 24 hours. Due to this fact, in the present day the euro is quoted on common round 380 Cuban pesos within the casual international trade market.
Lastly, the Freely Convertible Foreign money stays anchored round $300.00 CUP, as has been the pattern within the final week, and nonetheless fairly behind with respect to the earlier two.
Change charges in the present day Could 21, 2024
- Value of the greenback in the present day in Cuba: $370.00 CUP
- Value of the euro in the present day in Cuba: $380.00 CUP
- MLC worth in the present day in Cuba: $300.00 CUP.
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