This is the price of the dollar today in Cuba: informal market rates

The informal foreign exchange market in Cuba recorded slight fluctuations in some exchange rates this Saturday, May 17, while others remained stable.

According to the most recent update of the independent site El Toque, the day's representative figures, collected from social media announcements, set the course for those who buy and sell foreign currency outside the state banking system.

The US dollar remains at 368 Cuban pesos today (CUP), unchanged from previous trading days. The euro retains its position as the strongest currency on the black market, trading at 385 CUP. On the other hand, freely convertible currency (MLC) drops 5 pesos and stands at 255 CUPThe value of transactions via Zelle also fell, dropping 3 pesos to 370 pesos. CUPThe only increase was the Canadian dollar, which rose 5 pesos to 235. CUP.

These rates, although unofficial, have a great influence on the daily economic behavior of Cubans. Operations in the informal market determine the real purchasing power in the face of the growing dollarization of basic goods, including food, medicines, and hygiene products, most of which are offered in stores in the country. MLC or through payments in foreign currencies.

In the current context, where the average monthly salary is around 5,839 CUP and many pensions do not exceed 1,800 CUP, these rates continue to create a significant gap between income and prices.

Equivalents to today

US Dollar (USD) – 368 CUP
1 USD = 368 CUP
5 USD = 1,840 CUP
10 USD = 3,680 CUP
20 USD = 7,360 CUP
30 USD = 11,040 CUP
50 USD = 18,400 CUP
100 USD = 36,800 CUP

Euro (EUR) – 385 CUP
1 EUR = 385 CUP
5 EUR = 1,925 CUP
10 EUR = 3,850 CUP
20 EUR = 7,700 CUP
30 EUR = 11,550 CUP
50 EUR = 19,250 CUP
100 EUR = 38,500 CUP

MLC - 255 CUP
1 MLC = 255 CUP
5 MLC = 1,275 CUP
10 MLC = 2,550 CUP
20 MLC = 5,100 CUP
30 MLC = 7,650 CUP
50 MLC = 12,750 CUP
100 MLC = 25,500 CUP

Zelle – 370 CUP
1 Zelle = 370 CUP
5 Zelle = 1,850 CUP
10 Zelle = 3,700 CUP
20 Zelle = 7,400 CUP
30 Zelle = 11,100 CUP
50 Zelle = 18,500 CUP
100 Zelle = 37,000 CUP

Canadian Dollar (CAD) – 235 CUP
CAD 1 = 235 CUP
CAD 5 = 1,175 CUP
CAD 10 = 2,350 CUP
CAD 20 = 4,700 CUP
CAD 30 = 7,050 CUP
CAD 50 = 11,750 CUP
CAD 100 = 23,500 CUP.