Dollar Experiences Gradual Rise in Cuba’s Informal Market

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The US dollar continues to show signs of increasing in Cuba's informal market, albeit at a slow and fluctuating pace. As of Friday morning, the dollar has slightly risen in value, with its street selling price moving from 323 to 324 CUP.

In contrast, the euro and the Freely Convertible Currency (MLC) have maintained their current rates. The euro remains steady at 340 CUP, while the MLC is stable at 265 CUP. An analysis of the median values of these three currencies over the past 24 hours indicates that the average selling price of the dollar now stands at 325 CUP. This trend suggests a potential for further increases in its value.

Current Exchange Rates as of October 11, 2024

As of 1:42 a.m. in Cuba, the exchange rates are as follows:

Dollar (USD) to CUP according to elTOQUE: 324 CUP.

Euro (EUR) to CUP according to elTOQUE: 340 CUP.

MLC to CUP according to elTOQUE: 265 CUP.

Currency Conversion Rates

Here are the current equivalencies for available euro and US dollar bills converted to Cuban pesos (CUP) based on the rates of October 11:

US Dollar (USD) to Cuban Peso (CUP):

1 USD = 324 CUP 5 USD = 1,620 CUP 10 USD = 3,240 CUP 20 USD = 6,480 CUP 50 USD = 16,200 CUP 100 USD = 32,400 CUP

Euro (EUR):

1 EUR = 340 CUP 5 EUR = 1,700 CUP 10 EUR = 3,400 CUP 20 EUR = 6,800 CUP 50 EUR = 17,000 CUP 100 EUR = 34,000 CUP

It's crucial to remember that these figures are approximate and rely on buy and sell listings from social media networks. They do not serve as an official benchmark for the exchange market but rather reflect the real prices that Cubans use in street currency transactions.

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