![]() Venta (Sell) is the rate you’re being charged to SELL Cuban Convertible Pesos (CUC). Compra (Purchase) is the rate you’re being charged to BUY Cuban Convertible Pesos (CUC). ![]() Go to the bottom of the page, under Enlaces de interés (Interest links) and click on Tipo de cambio Banco Metropolitano (Temporal) which takes you to a page that gives you the Banco Metropolitano daily exchange rates. If you are not able to access the above site, try the Banco Central de Cuba at Although it’s in Spanish, it’s easy to navigate. Note: Average exchange values are shown, selling and buying values may vary from the average and from one day to the next. The amount shown under Value is the amount of CUC which can be acquired with a unit of the foreign currency in question. Click on Exchange rates and you will find exchange values that are updated every hour for the Pound Sterling, Canadian dollar, Swiss Franc, Japanese Yen, American dollar, Mexican Peso, Euro and Danish, Norwegian and Swedish Krone. The best one is : banco_ metropolitano_s_a.html which takes you to the English-language Banco Metropolitano S.A. To get up-to-date exchange rates for different foreign currencies in Cuba, rather than using external sites such as Xe.com, it’s better to check Cuban bank sites which are more accurate, as the information comes from within Cuba itself. The exchange of freely convertible currencies (foreign exchange) for the Cuban peso (CUP) is carried out respecting the current exchange rate of the. The new rates do not affect the current exchange rate of the Cuban peso with the CUC, which is established at 25 to 1 for CUC purchase and 24 to 1 for CUC sales. economic, commercial and financial blockade of Cuba. This fee is maintained as compensation for the costs and risks associated with handling U.S. However, the 10 percent fee for buying CUCs with U.S. ![]() It is anticipated that this will stimulate export activity and the replacement of imports with domestically-produced goods. In practical terms, this means that the exchange rate of ALL foreign currencies has been devalued by eight percent. The dynamics of the Cuban economy, aggravated by the losses and damages caused by three hurricanes in 2008, and the world economic crisis made it necessary to adjust the CUC exchange rate with the dollar and other currencies so that it is more in line with Cuba’s present needs. This effectively means that the CUC was devalued by 8% in relation to the US dollar and other foreign currencies. Note that you have to pay a commision both when buying and selling them, and not all banks and hotel accept them.Question: How have the new exchange rates (March 14, 2011) affected the Pound Sterling? On checking the Xe.com conversion site, I get the same exchange rate as the last two previous years.Īnswer: On Mathe Cuban Central Bank restored parity between the Cuban convertible peso (CUC) and the U.S. Travel Money issued by Visa are accepted, although they are highly cumbersome. The most usual ones are Visa and Mastercard. Are credit cards accepted in Cuba?ĭespite Cuban economy relying mainly on cash, credit and debit cards are accepted and can be used in resorts and ATM. BER is operated by Best Exchange Rates Pty Ltd, a company incorporated under the laws of Australia with company number. The value of the Cuban convertible peso (CUC) was US $ 1.00.įinally, after the elimination of the CUC, a value of 24 CUP was established for each CUC. Compare Cuban peso Exchange Rates & Fees. Official exchange rate (as stated above) is 1.08 US Dollar 1 Cuban Convertible Peso, but theres a 10 surcharge added, so 1 US Dollars really only. Until the end of 2020, Cuba had a double economy, the official currencies in Cuba since then being the Cuban pesos ( CUP) and the Cuban convertible pesos ( CUC). dollars to Cuban pesos is NO longer subject to a 10% tax as it was a measure repealed in July 2020. It is important to mention that the exchange of U.S. The only official currency in Cuba since Januis the CUP ( Cuban Pesos). ![]() Currency in Cuba Discover the official currency in Cuba and the alternate payment methods accepted. ![]()
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