On this Sunday, October 26, 2025, the exchange rate for the United States dollar (USD) in Cuba’s informal market is reported at 490 Cuban pesos (CUP), according to data from elTOQUE.
Over the past couple of days, the black market for foreign currencies in Cuba has shown signs of stability. Nonetheless, the dollar maintains its high value and remains the most sought-after currency, serving as a key reference for price setting and private sector transactions. This persistent rise highlights the ongoing inflationary pressures that are further compromising the worth of the Cuban peso.
Similarly, the euro (EUR) is trading at a high rate of 540 CUP. As an alternative for those aiming to safeguard their savings from domestic devaluation, the euro’s elevated rate underscores the declining purchasing power affecting wages and pensions across the island.
The MLC (Freely Convertible Currency) is currently valued at 200 CUP per unit. Although its circulation is somewhat restricted, it continues to be utilized in state-run stores, mirroring the severe inflationary trends impacting Cuba’s economy.
Current Exchange Rates in Cuba
As of Sunday, October 26, 2025, at 07:48, the exchange rates are as follows:
Dollar (USD) to Cuban pesos (CUP): 490 CUP
Euro (EUR) to Cuban pesos (CUP): 540 CUP
MLC to Cuban pesos (CUP): 200 CUP
Currency Conversion to Cuban Pesos
Here is the conversion of foreign currency notes to Cuban pesos (CUP):
United States Dollar (490 CUP):
- $1 = 490 CUP
- $5 = 2,450 CUP
- $10 = 4,900 CUP
- $20 = 9,800 CUP
- $50 = 24,500 CUP
- $100 = 49,000 CUP
Euro (540 CUP):
- €5 = 2,700 CUP
- €10 = 5,400 CUP
- €20 = 10,800 CUP
- €50 = 27,000 CUP
- €100 = 54,000 CUP
- €200 = 108,000 CUP
- €500 = 270,000 CUP
FAQs on Cuban Currency Market
Why is the dollar so highly valued in Cuba?
The dollar is highly valued in Cuba due to its role as a stable currency amidst local economic instability and inflation, making it a preferred choice for trading and savings.
What is the current exchange rate for the euro in Cuba?
As of October 26, 2025, the euro is exchanged at 540 Cuban pesos in the informal market.
How does the MLC function in the Cuban economy?
The MLC serves as a currency used in state-run stores and reflects the inflationary conditions affecting the Cuban economy, despite its limited circulation.
