Today, July 20, 2024, a new drop in the value of the euro has been recorded in the Cuban informal market. While the dollar and the Freely Convertible Currency (MLC) have maintained their values compared to the previous day, the euro has experienced a reduction of five pesos.
Today’s exchange rates
According to the latest figures reported by elToque, the exchange rates in the Cuban informal market are as follows:
Dólar (USD) a CUP: 300 CUP
Euro (EUR) a CUP: 310 CUP
MLC a CUP: 270 CUP
These exchange rates are informal and are not officially supported by financial or government entities.
Market details
The euro, which yesterday was quoted at 315 Cuban pesos, has dropped today to 310 Cuban pesos, marking a decrease of five units. This fall adds to the recent trend of devaluation that has affected the main currencies in the Cuban informal market.
On the other hand, the US dollar remains at 300 Cuban pesos, unchanged from the previous day. The Freely Convertible Currency (MLC) also remains stable, trading at 270 Cuban pesos.
Equivalences of euro and dollar banknotes in Cuban pesos (CUP)
United States Dollar (USD)
1 USD: 300 CUP
5 USD: 1,500 CUP
10 USD: 3,000 CUP
20 USD: 6,000 CUP
50 USD: 15,000 CUP
100 USD: 30,000 CUP
Euros (EUR)
1 EUR: 310 CUP
5 EUR: 1,550 CUP
10 EUR: 3,100 CUP
20 EUR: 6,200 CUP
50 EUR: 15,500 CUP
100 EUR: 31,000 CUP
Freely Convertible Currency (MLC)
1 MLC: 270 CUP
5 MLC: 1,350 CUP
10 MLC: 2,700 CUP
20 MLC: 5,400 CUP
50 MLC: 13,500 CUP
100 MLC: 27,000 CUP
Impact on the Cuban economy
Despite recent falls in the value of the euro and other currencies on the informal Cuban market, these changes have not yet been reflected in the prices of food and basic necessities on the island. This is the main complaint of Cubans on the island.
We will continue to monitor the situation and provide updates on the status of the foreign exchange market in Cuba.
#Price #dollar #euro #MLC
