How is the dollar in Cuba today? We respond to one of the main daily queries of Cubans. Learn about the informal and official rates of the USD, the euro and other currencies on the island.
Let’s start with the exchange rates of foreign currencies with respect to the Cuban peso, provided by the Central Bank of Cuba (BCC):
- Australian Dollar (AUD): 82.89000
- New Mexican Peso (MXN): 6.08064
- British Pound (GBP): 160.62600
- Norwegian Krone (NOK): 11.41971
- Swedish Krona (SEK): 11.86885
- US Dollar (USD): 120.00000
- Canadian Dollar (CAD): 88.81981
- Japanese Yen (JPY): 1.18775
- Danish Krone (DKK): 17.94688
- Swiss Franc (CHF): 142.47551
- Euro (EUR): 133.81800
- Russian Ruble (RUB): 1.28581
As you can see, the free sterling and the Swiss franc are the currencies that have the most official value. The euro follows, with an exchange rate of 133.81800. The official dollar rate in Cuba in September 2024 is still 1 USD = 120.00000 CUP.
As for CADECA, these are the exchange rates on September 29, 2024:
- CAD (Canadian Dollar): Buy 87.04341, Sell 93.26080
- CHF (Swiss Franc): Buy 139.62600, Sell 149.59929
- EUR (Euro): Buy 131.14164, Sell 140.50890
- GBP (Pound Sterling): Buy 157.41348, Sell 168.65730
- JPY (Japanese Yen): Buy 1.21151, Sell 1.12836
- MXN (New Mexican Peso): Buy 5.95903, Sell 6.38467
- USD (American Dollar): Buy 110.40000, Sell 123.60000
If you want to know how many Cuban pesos they offer you for your foreign currency, you can use the calculator of the entity, available on its website. For example, for €100 you will receive 13114.15 Cuban pesos. And for 100 USD, 11040.00.
CUBAN INFORMAL MARKET
The informal market dawns in the following way, according to the reference source, The Touch:
- One EUR = 335.00 CUP
- 1 USD = 320.00 CUP
- 1 MLC = 270.00 CUP
Let us remember that these are only reference values extracted from purchase and sale announcements on social networks.
Will there be a new official exchange rate in Cuba?
Although the proposals announced by the government in December 2023 have been delayed, this week the Central Bank of Cuba (BCC) stated that it is working on the implementation of an exchange market in the country. The minister president of the BCC, Juana Lilia Delgado Portal, described this issue as “cross-cutting and highly anticipated.”
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