The informal currency market in Cuba has shown stability in the past few days, with no significant changes reported. The U.S. dollar, euro, and Freely Convertible Currency (MLC) have now remained unchanged for four consecutive days. Despite this, there are indications that the median values of these two major currencies might be on the verge of another increase.
As of this Monday, both the euro and the American dollar are holding their high values from the previous week: the euro is at a record 450 Cuban Pesos (CUP), and the dollar stands at 400 CUP. Meanwhile, the MLC continues to be valued at 200 CUP. The current rate of the MLC in the black market is precisely half of the dollar’s value, highlighting its declining strength in Cuba’s economic landscape.
Rising Medians for Dollar and Euro
One noteworthy aspect this Monday is the upward trend in the median values for both the U.S. dollar and the euro. The dollar is being sold at an average of 402.67 CUP, while the euro is at 452.56 CUP.
Exchange Rates and Currency Conversion as of August 18, 2025
Current exchange rates as of 8:00 a.m. in Cuba are as follows:
- USD to CUP exchange rate according to elTOQUE: 400 CUP.
- EUR to CUP exchange rate according to elTOQUE: 450 CUP.
- MLC to CUP exchange rate according to elTOQUE: 200 CUP.
Here’s how U.S. dollar bills convert to Cuban Pesos based on these rates:
- 1 USD = 400 CUP
- 5 USD = 2,000 CUP
- 10 USD = 4,000 CUP
- 20 USD = 8,000 CUP
- 50 USD = 20,000 CUP
- 100 USD = 40,000 CUP
For euro bills, the conversion is as follows:
- 1 EUR = 450 CUP
- 5 EUR = 2,250 CUP
- 10 EUR = 4,500 CUP
- 20 EUR = 9,000 CUP
- 50 EUR = 22,500 CUP
- 100 EUR = 45,000 CUP
- 200 EUR = 90,000 CUP
- 500 EUR = 225,000 CUP
Meanwhile, the Cuban government remains silent on the reforms they hinted at weeks ago. Back in July, Manuel Marrero announced that changes in the official foreign exchange market in Cuba were expected during the second half of this year. However, as of now, no developments have been made public.
FAQs on Currency Rates in Cuba
How have the currency rates in Cuba been stable recently?
The U.S. dollar, euro, and MLC have not changed for four days, indicating a stable informal market without recent fluctuations.
What are the current exchange rates for USD and EUR to CUP?
As of August 18, 2025, the exchange rate for USD is 400 CUP, and for EUR, it is 450 CUP according to elTOQUE.
What is the value of the MLC compared to the dollar in Cuba?
In the current market, the MLC is valued at 200 CUP, which is exactly half the value of the U.S. dollar.
