On this Friday morning, the informal market in Cuba shows no fluctuations in the exchange rates of the three key currencies. As of 7:00 a.m. on August 22, the U.S. dollar remains steady at 405 CUP, while the euro is holding at 450 CUP. The Freely Convertible Currency (MLC) is currently valued at 195 CUP, maintaining its rate from yesterday after a sudden drop of five pesos.
As the day progresses, it will be interesting to observe whether the currencies maintain their stability or if they will continue the volatile trend seen in recent weeks, characterized by a rise in the value of dollars and euros, and a decline in the MLC. One undeniable fact is that the national currency is losing its value, diminishing the purchasing power of ordinary Cubans. Despite promises for currency reform, the Cuban government remains silent.
Today’s Exchange Rates in Cuba – August 22, 2025, 7:00 a.m.
According to elTOQUE, the exchange rate for the U.S. dollar is set at 405 CUP, while the euro is 450 CUP, and the MLC stands at 200 CUP.
Currency Conversion from USD and EUR to CUP
The following are the current conversions for U.S. dollars to Cuban pesos:
- 1 USD = 405 CUP
- 5 USD = 2,025 CUP
- 10 USD = 4,050 CUP
- 20 USD = 8,100 CUP
- 50 USD = 20,250 CUP
- 100 USD = 40,500 CUP
For euros to Cuban pesos, the conversion rates are 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
Back in July, Manuel Marrero announced plans for changes to the official currency exchange market in Cuba, which were supposed to take place in the second half of the year. However, no concrete actions have been taken yet.
Frequently Asked Questions about Cuba’s Currency Exchange
What is the current exchange rate for the U.S. dollar in Cuba?
As of August 22, 2025, the exchange rate for the U.S. dollar is 405 CUP.
Has there been any change in the euro’s value against the Cuban peso?
The euro is currently valued at 450 CUP, with no changes reported this morning.
What is happening with the MLC in Cuba?
The MLC is valued at 195 CUP, maintaining its rate from the previous day after a recent drop.
