This is how the prices of the American dollar, the euro of the European zone and the freely convertible currency (MLC) will appear in the informal Cuban market on September 10. Also the official rates, according to the Central Bank and Cadeca.
This Tuesday in September, the informal exchange market in Cuba continues to show stability in exchange rates, according to the latest reports from El Toc.
The values of the US dollar (USD), the euro (EUR) and the freely convertible currency (MLC) have remained unchanged in recent weeks, unusual in the island’s volatile economic environment and black market variable for currencies.
The current exchange rates on the black market are:
– USD: 320 CUP
– EUR: 330 CUP
– MLC: 275 CUP
This long stability in currency values reflects an unusual situation in the Cuban market, which is generally characterized by frequent fluctuations. On the other hand, the official exchange rates, managed by Cuban banks, are still an important reference for economic analysis, although they are far from the prices of the dollar, the euro on the street.
The cost of the dollar in the informal Cuban market is still far above the official values offered by the Central Bank (BCC) and Cadeca.
Dollar, informal market in Cuba and BCC
Although the levels reported by El Toque have remained stable for several weeks, small changes in the informal market indicate that there is still movement.
These small changes could be signs of more important changes in the future, so it is advisable to be aware of possible fluctuations in the prices of the dollar, euro and MLC during the day.
The Central Bank of Cuba maintains these official rates for the exchange of the American dollar, the euro and other currencies such as the Canadian dollar, the pound sterling, the Mexican peso, among others.
