How do currencies appear in the Cuban informal market this March 14? The dollar and the euro rise, while the Freely Convertible Currency (MLC) remains stable, although maintaining its upward trend. How are they selling today, Thursday? We tell you below.
As we have been appreciating, despite the current apparent calm in the currency market, the general trend in the price of the dollar and the euro on the island continued to be upward and has just shot up again.
In recent weeks, the US currency experienced a notable increase, surpassing the 300 peso barrier for the first time in history. The euro, for its part, has followed a similar trend, showing a sustained rise, now approaching 330 pesos.
According to the daily study of Toque, for today, the euro rose two steps compared to yesterday, and TODAY it is selling-buying, at 327 Cuban pesos. I mean, One euro is equivalent today to 327 Cuban pesos. This as average. For its part, the American dollar also maintains its growth, and this Thursday it is exchanged in the informal market, at 322 Cuban pesos. The dollar is at 322 pesos. Finally, today, the MLC is bought and sold at 270 pesos.
The dollar and the euro rise in price in Cuba
Well yes, the price of the dollar and the euro rise in Cuba today. It is worth highlighting the volatility of the informal currency market in Cuba, characterized by its high sensitivity to sudden changes. Fluctuations in the price of currencies, such as the dollar or euro, can have a considerable impact on the national economy, especially the private sector.
Despite its illegality, the informal currency market in Cuba has become the main source of access to foreign currencies for the majority of the population. Although the Cuban government operates an official exchange market, the exchange rates it offers are significantly less favorable than those of the informal market, creating an imbalance in access to foreign currency.
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