After completing 19 consecutive days of falls yesterday, Mondaythis Tuesday the price of the dollar there is no decrease in the average sale in the Cuban informal market.
At seven in the morning (local time) on June 4, The dollar remains valued at 280 pesos, the same value it reached the previous day.
The brake also comes for the euro and the Freely Convertible Currency (MLC), which for the second consecutive day remain stable: at 295 pesos for the European currency and at 260 CUP for the MLC.
After an unprecedented decline in which the dizzying pace at which currencies have fallen in the last two weeks has been notable above all, Today the informal market gives a slight warning of a brake on the fall.
The dollar dropped 115 pesos in 19 days, in some cases adding 10 and even 20 pesos of drop in a single day. The euro experienced a similar revulsion, falling from 402.50 to 295 CUP in just two weeks.
Given this panorama, The question that many will ask today is whether the pause on June 4 marks a turn and a path to recovery, or if it constitutes just a respite in the midst of the fall.
As a curious fact, it appears that in the alternative exchange rate of other platforms the dollar today even rises slightly in price.
According to these sources, the US currency goes from 276 to 279 when buying and from 286 to 288 pesos when selling.
Exchange rate today 06/04/2024 – 7:00 am in Cuba:
Dollar exchange rate USD to CUP according to the touch: 280 CUP.
Euro exchange rate EUR to CUP according to the touch: 295 CUP.
MLC to CUP exchange rate according to the touch: 260 CUP.
Alternative exchange rate from other platforms:
Dollar (USD) exchange rate: Buy 279 CUP, Sell 288 CUP.
Euro (EUR) exchange rate: Buy 288 CUP, Sell 298 CUP.
MLC exchange rate: Buy 253 CUP, Sell 259 CUP.
The informal Cuba exchange rate offered here is not officially recognized or endorsed by any financial or government entity.
Although many Cubans have considered the drop in the informal price of foreign currency in Cuba to be positive, most have wondered why the prices of consumer goods have not also contracted at the same rate, although there have been reports of price declines in some MSMEs.
Meanwhile, Those who are lucky enough to have access to the reference currencies in the country have recommended waiting and not selling because they believe that in the long run the value of the euro, the dollar and the MLC will rise again. Has that time come?
Throughout this process over the last two weeks, the Cuban government has not officially commented on the issue.
Equivalences of each available banknote from euros and US dollars to Cuban pesos (CUP)
US Dollar (USD) to Cuban Peso (CUP)according to the exchange rates of this Tuesday, June 4.
1 USD = 280 CUP.
5 USD = 1,400 CUP.
10 USD = 2,800 CUP.
20 USD = 5,600 CUP.
50 USD = 14,000 CUP.
100 USD = 28,000 CUP.
Euros (EUR) to Cuban Pesos (CUP)
1 EUR = 295 CUP.
5 EUR = 1,475 CUP.
10 EUR = 2,950 CUP.
20 EUR = 5,900 CUP.
50 EUR = 14,750 CUP.
100 EUR = 29,500 CUP.
