This is how the dollar and euro are doing in Cuba today: the informal market begins the week with new increases in the dollar price.
This luneOn April 28, the informal foreign exchange market in Cuba recorded slight movements in the major currencies. While the dollar rose two pesos, the Canadian dollar fell again.
The euro remains the most expensive currency
The euro remains firm at 380 CUP, consolidating itself as the reference currency for those who need foreign currency.
Euro equivalents today:
1 EUR = 380 CUP
5 EUR = 1,900 CUP
10 EUR = 3,800 CUP
20 EUR = 7,600 CUP
30 EUR = 11,400 CUP
50 EUR = 19,000 CUP
100 EUR = 38,000 CUP
The US dollar rises to 367 CUP
The US dollar rose 2 pesos today and is now at 367. CUP in the informal market, reflecting greater pressure on the demand for foreign currency.
Dollar conversion today:
1 USD = 367 CUP
5 USD = 1,835 CUP
10 USD = 3,670 CUP
20 USD = 7,340 CUP
30 USD = 11,010 CUP
50 USD = 18,350 CUP
100 USD = 36,700 CUP
El MLC remains at 265 CUP
The Freely Convertible Currency (MLC) remains stable at 265 CUP, unchanged from previous days.
Current equivalents of MLC:
1 MLC = 265 CUP
5 MLC = 1,325 CUP
10 MLC = 2,650 CUP
20 MLC = 5,300 CUP
30 MLC = 7,950 CUP
50 MLC = 13,250 CUP
100 MLC = 26,500 CUP
The Canadian dollar falls to 228.50 CUP
The Canadian dollar is the only currency to see a significant drop today. It lost 1.5 pesos and is trading at 228.50. CUP.
Canadian Dollar Conversion:
CAD 1 = 228.50 CUP
CAD 5 = 1,142.50 CUP
CAD 10 = 2,285 CUP
CAD 20 = 4,570 CUP
CAD 30 = 6,855 CUP
CAD 50 = 11,425 CUP
CAD 100 = 22,850 CUP
The average salary is not enough to keep up with the price of foreign currency.
Although the National Institute of Statistics and Census (ONEI) updated the average salary in Cuba to 5,839 Cuban pesos per month, that income still falls far short of covering the most basic needs when measured against the cost of foreign currency.
Today, at 5,839 CUP, a worker could buy:
15.91 dólares estadounidenses
15.36 Euros
22.03 MLC
25.56 Canadian dollars
For thousands of Cubans, accessing the informal market remains the only way to obtain the foreign currency needed to survive in a country plagued by inflation and economic crisis.
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