As of this Tuesday, the informal foreign exchange market in Cuba has seen five consecutive days without price changes, according to the daily report from elTOQUE, which tracks the fluctuations of these three currencies. At 7:00 a.m. on August 25th, the U.S. dollar remains priced at 405 CUP, while the euro is valued at 450 CUP.
The Freely Convertible Currency (MLC) has also held steady at 195 CUP, a rate it reached last Friday after a sudden drop of five pesos. Despite a recent trend toward stability in the exchange market, the national currency has continued to weaken. This ongoing depreciation has resulted in a diminished purchasing power for ordinary Cubans, while the Cuban government remains silent despite pledges for currency reform which have not yet been addressed.
Current Exchange Rates as of August 26, 2025 – 9:38 a.m.
According to elTOQUE, today’s exchange rates are as follows:
- USD to CUP: 405 CUP
- EUR to CUP: 450 CUP
- MLC to CUP: 195 CUP
Currency Conversion Examples
The following are examples of how U.S. dollar bills convert to Cuban pesos (CUP) based on the rates for August 26th:
- 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 the euro, the conversion to Cuban pesos 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
Back in July, Manuel Marrero announced upcoming changes to Cuba’s official exchange market, which were supposed to take place in the second half of the year. However, no concrete actions have been taken as of yet.
FAQs on Cuba’s Currency Exchange Market
What is the current exchange rate for the U.S. dollar in Cuba?
As of August 26, 2025, the exchange rate for the U.S. dollar is 405 CUP according to elTOQUE.
How does the weakness of the Cuban peso affect the population?
The weakening of the Cuban peso reduces the purchasing power of ordinary Cubans, making it more difficult to afford goods and services.
Has the Cuban government implemented any currency reforms?
Despite promises of reform, the Cuban government has yet to implement any changes to the currency exchange system.
