Another day without changes in the informal currency market in Cuba. This is reflected in the exchange rates published daily by elToque.
The informal currency market in Cuba is going through another day without fluctuations in the prices of the main currencies.
Today, Friday, the reference values for the dollar, the euro and the freely convertible currency (MLC) remain stable, without variations compared to the previous day.
If there are no significant changes throughout the day, the exchange rates will continue to be the same as those previously recorded. That is, the US dollar is trading at 360 CUP, the euro is trading at 370 CUP and the MLC remains at 300 CUP.
Exchange rates today 06/21/2024
Dollar (USD) to CUP: 360 CUP
Euro (EUR) to CUP: 370 CUP
MLC to CUP: 300 CUP
Equivalences between euros and US dollars and Cuban pesos (CUP):
US Dollar (USD):
1 USD: 360 CUP
5 USD: 1,800 CUP
10 USD: 3,600 CUP
20 USD: 7,200 CUP
50 USD: 18,000 CUP
100 USD: 36,000 CUP
Euro (EUR):
5 EUR: 1,850 CUP
10 EUR: 3,700 CUP
20 EUR: 7,400 CUP
50 EUR: 18,500 CUP
100 EUR: 37,000 CUP
Freely Convertible Currency (MLC):
1 MLC: 300 CUP
5 MLC: 1,500 CUP
10 MLC: 3,000 CUP
20 MLC: 6,000 CUP
50 MLC: 15,000 CUP
100 MLC: 30,000 CUP
Context and rates of change
In any case, although the price of the dollar and the euro have stopped rising, the informal currency market in Cuba is characterized by its volatility.
The exchange rate in this market is not determined by an official entity, but is established through supply and demand, and elTOQUE offers a reference based on purchase and sale offers on social networks.
The Cuban economy is going through a deep crisis, exacerbated by the low availability of foreign currency on the island. As a result, inflation has increased significantly, affecting the price of food and other essential goods.
Although the recent stability in the dollar and euro exchange rates may be good news for many Cubans, especially those without access to foreign currencies, it has not had an immediate impact on reducing prices of essential goods.
In this context, although a recent decline has been observed in the value of the dollar and the euro in the informal market, the possibility of a rebound in their values is always present due to economic instability and the high demand for foreign currency.
The current stability provides a respite amid constant market fluctuations, allowing citizens to carry out their transactions with greater predictability, although the real impact on daily life and the general economy is still limited.
Subscribe to notifications
