Updated Cuban peso exchange rates

[Ryan]

There is a Cuban-interest media/news organisation called Etoque. Not easy to find on Google.

They update the current unofficial value of the Cuban peso vs USD, EUR and MLC (Moneda Libremente Convertible, freely convertible currency, the balance of a freely convertible currency debit card used in Cuban government stores).

https://eltoque.com/tasas-de-cambio-de-moneda-en-cuba-hoy?fbclid=IwAR3PRE2Dj73hCwWyL6Cab9MtqGX8jTsJ2Gi1fihY0AxNpRRVbWVl22q3JOM

Interestingly, the Cuban peso (cup) has devalued nearly 30% against the USD in the last three weeks, since the start of 2022. 

The cup has fallen 10% against the euro in the same time, eliminating, currently, the advantage that the euro had over the USD late last year. Of course that may change again. This doesn't affect the use of US-issued credit cards.

I had been hearing that Cuban state workers were getting a 20% raise at the start of 2022 which may have caused some of this. I have not had word yet confirming that increase. 

[JohnnyO]

Very nice Andy. I heard about the 100:1 yesterday, it was 70:1 at Christmas time. This is all due to the mass exodus to Nicaragua and the like. I've seen this picture show before, this will not get better. John

[Ryan]

It's a messed up state of affairs.

Cubans can't buy eggs or afford a pizza out, even once a month, but with a 40% drop in the peso in 25 days, the large Hotel Nacional ashtrays are now $12 USD. 

Good thing they're building more hotels, they can sell more ashtrays. 

[BMahan480]

Good afternoon everyone! 

As of 3/22. we are sitting at 1:100 (USD)....which if I am not mistaken is pre-Covid levels. 

[JohnnyO]

eltoque.com is saying 135:1 and many on revolico.com are selling at 140:1

[padrinocubano]

190:1 up to 200:1 now

[Ethernut]

Crazy......

When there, dont forget to as restaurants if they take USD. Many of them will calculate USD, share their exchange rate with you and take USD direct. Was weird eating at Marea and Amigos Del Mar for what felt like half price versus pre covid. 

[JohnnyO]

This weekend it was 175:1 on its way back up again. John

[JohnnyO]

Holding steady at 180:1 for a while. Continuous power only in Havana. 2-3 hours at a time is the best you can hope for outside of town.  John

[JohnnyO]

USD is at 200:1, Euro 208:1, MLC 188:1 according to El Toque. John

[JohnnyO]

USD Trending down 310:1. At this rate in 31 days the CUP will be 1:1. Who comes out on top if it goes 1:1? Bags of cash for the guys pulling the strings. John