The Freely Convertible Currency (MLC) in Cuba has experienced a slight increase, reaching 261 pesos in its average sale this February 20, according to the daily rate of El Toque, which monitors fluctuations in the informal price of currencies in the country.

Although this increase represents only one peso more than the value it had maintained since the beginning of February, the MLC is still considerably below the dollar (305) and the euro (310), which have remained unchanged in recent hours following weeks of sustained increase, with only a slight decline in the dollar that was quickly recovered.

According to the records of the last 24 hours, the median value for the euro is 312 pesos for purchase and 312.50 pesos for sale, while the dollar registers an average of 303 pesos for acquisition and 305 pesos for sale. sale.

An analysis carried out by El Toque on the movement of currencies in the informal market indicates that the announcement at the beginning of 2024 of increases in fuel and public transport prices, despite not having materialized due to a computer failure, had a immediate impact on the currency market, contributing to the current panorama.

MLC, dollar, euros, currencies in Cuba today

It is important to keep in mind that the reference rate of the aforementioned medium is based on purchase and sale announcements, not on specific transactions, so these figures should be taken as a reference and not as definitive values.

The dollar is increasingly the benchmark for retail prices in the country. The variation in its value directly influences the products sold in all the cities of the island.

According to the Central Bank, currencies in Cuba are exchanged like this today: the American dollar remains at 120 Cuban pesos, the euro is purchased at 129 pesos, the pound sterling at 151 pesos, etc.