The price of foreign currency on the Cuban informal market is rising this Saturday. We also share today's official foreign exchange rates, according to the Central Bank (BCC).
El informal foreign exchange market in Cuba continues to show prices much higher than the official exchange rate of CADECA and the island's financial banks.
Currently, the updated values in real time from the independent media El Toque, They are: 1 EUR is quoted at 380.00 CUP, 1 USD a 365.00 CUP, 1 MLC (Freely Convertible Currency) to 265.00 CUP y 1 CAD (Canadian dollar) to 231.00 CUPThe latter reported a one-peso increase in the unofficial exchange rate on the Cuban black market.
These prices reflect the daily dynamics of supply and demand for foreign currency in the country and the fluctuations in the black market, according to daily monitoring by the aforementioned media outlet.
The shortage of foreign currency and the limitations of the official market force many Cubans to turn to the informal market to access euros, dollars, MLC and other currencies, such as the Canadian dollar, which is in high demand by the broad market of these nationals in the "sun and beach" tourism on the island.
El black market for foreign currency in Cuba It remains an essential reference for citizens, travelers, and small businesses that need to buy or sell foreign currency outside of official channels.
Currency prices in Cuba today. Official rates
The constant variation in prices makes many people closely follow these quotes to get the best exchange rate when they come out. street to exchange dollars, euros and other currencies, like the Canadian dollar, Mexican peso, which is also exchanged.
The Cuban bank updated the current official exchange rates for individuals in Cuba. Below are the buying and selling rates for the main foreign currencies.
The euro (EUR) is bought at 133.47600 CUP and is sold at 143.01000 CUPThe British pound (GBP) has a buying rate of 155.93760 CUP and sale of 167.07600 CUP.
The US dollar (USD) is bought at 110.40000 CUP and is sold at 123.60000 CUP, while the Canadian dollar (CAD) has a purchasing value of 84.61954 CUP and sale of 90.66379 CUP.
The Swiss Franc (CHF) shows a buying rate of 142.14057 CUP and sale of 152.29347 CUP. For its part, the Mexican peso (MXN) is purchased at 5.98718 CUP and is sold at 6.41483 CUP.
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1 comments
I don't know why the bank sets a sales rate for foreign currency, when we all know they don't sell any type of currency. Financial institutions don't exchange Cuban pesos for any foreign currency.