The value of the three key currencies in Cuba remains unchanged today. On this September 5th, the average selling prices in the informal market continue to show no movement. The US dollar stays at 320 CUP, the euro at 330, and the Moneda Libremente Convertible (MLC) at 275.
The average selling prices confirm an unprecedented stability that has characterized the past few weeks. Specifically, the euro has been valued at 330 pesos for a month now. The European currency reached 330 CUP on August 5th and hasn’t varied in its selling price since then.
Current Exchange Rates as of 05/09/2024 – 13:00 a.m. in Cuba:
According to elTOQUE, the exchange rates are:
USD to CUP: 320 CUP
EUR to CUP: 330 CUP
MLC to CUP: 275 CUP
The US dollar reached 320 CUP on August 3rd, and since then, the monitoring of classified ads that average its value in the black market has shown no movement, according to elTOQUE. The last change was recorded by the Moneda Libremente Convertible (MLC), which has been valued at 275 CUP since August 9th.
This recent price stability contrasts sharply with the significant fluctuations seen in the first seven months of 2024, where the currencies experienced both increases and decreases. Currently, elTOQUE has not commented on the current exchange rate scenario in Cuba. The median values of buying and selling published this Thursday by the independent media do not suggest that the three currencies will experience changes soon.
As of this September 5th, the average selling prices are 330 pesos (euros), 320 (dollars), and 275 (MLC). In terms of buying, the price has risen to 320 CUP today, with an increase of 2.5 pesos.
Currency Equivalents for Euros and US Dollars to Cuban Pesos (CUP)
Based on the exchange rates of September 5th:
US Dollar (USD) to Cuban Peso (CUP):
1 USD = 320 CUP
5 USD = 1,600 CUP
10 USD = 3,200 CUP
20 USD = 6,400 CUP
50 USD = 16,000 CUP
100 USD = 32,000 CUP
Euros (EUR):
1 EUR: 330 CUP
5 EUR = 1,650 CUP
10 EUR = 3,300 CUP
20 EUR = 6,600 CUP
50 EUR = 16,500 CUP
100 EUR = 33,000 CUP
200 EUR = 66,000 CUP
500 EUR = 165,000 CUP
Understanding Cuba’s Current Exchange Rates
Here are some frequently asked questions about the current exchange rates in Cuba, providing insights into the stability and changes observed in the currency market.
Why have the exchange rates remained stable recently?
The recent stability in exchange rates is unprecedented and contrasts with the significant fluctuations seen earlier this year. This could be due to various economic and political factors that are currently maintaining a balance in the currency market.
How often are the exchange rates monitored and updated?
Exchange rates in Cuba are monitored regularly, with updates provided by independent media like elTOQUE. These rates are usually tracked daily to provide the most accurate and current information.
What impact do these exchange rates have on the Cuban economy?
The exchange rates have a significant impact on the Cuban economy, affecting everything from import costs to the purchasing power of Cuban citizens. Stability in these rates can lead to more predictable economic planning and reduced uncertainty.
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Publish date : 2024-09-05 00:21:00
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