Cuba: Rise in the informal currency market. Official rates of the dollar and euro

The informal foreign exchange market in Cuba continues to rise, with rising prices, this May 9, according to the morning monitoring and most recent report published by El ToqueWe also share the official rates of the Central Bank (BCC).

The main foreign currencies continue to register considerable increases in their value against the Cuban peso in recent hours (CUP), reflecting the growing economic pressure and high demand for foreign currency on the island.

This trend is causing concern.cupaction among the population, which faces an increasingly challenging financial outlook and the depreciation of its currency, with which it is paid its salary.

This May 9th 2025, the price of the euro (EUR) on the informal market is quoted in the morning at 385.00 CUP, while the US dollar (USD) reaches 370.00 CUP.

The Freely Convertible Currency (MLC), key to accessing basic products in state stores, is located in 265.00 CUP, with an increase of 5 pesos compared to the previous day.

Other currencies such as the Canadian dollar (CAD) and the Mexican peso (MXN) are also rising. The CAD is exchanged today for 230.00 CUP, while the MXN rises slightly to 18.50 CUP, increasing 0.5 pesos.

As for Zelle transfers, a popular method for sending money from abroad, the value is at 371.50 CUP, also with an increase of 1.5 Cuban pesos.

Currency prices continue to rise in Cuba

These data del Toque They show a clear upward trend in the exchange rate of the Cuban informal market, reflecting both the constant depreciation of the Cuban peso and the shortage of foreign currency in official channels, such as Cadeca or the state financial banks themselves.

La Cuban economy continues to be marked by high inflation, import restrictions and a limited supply of products, factors that drive many citizens to turn to this parallel currency market in Cuba, which continues to grow.

How did the official exchange rates for the dollar, euro, and pound sterling appear at the Central Bank of Cuba today?

El US dollar (USD) maintains an official rate of 24.00 CUP, while for the population it is set at 120.00 CUP, a difference that highlights the disconnect between official policy and the reality of the informal market, where the value of the USD far exceeds that figure.

La pound sterling (GBP) It stands at 32.01 CUP officially, but its value to the population reaches 160.04 CUP. In turn, the euro (EUR) It is officially listed on 27.22 CUP, while citizens must pay 136.12 CUP to access this currency.