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    Cuba - Cuban peso - Currency Guide

     

    Foreign exchange guide to Cuba and the Cuban peso (CUP)

    What's in this Cuba currency guide?

    1. USD/CUP trend
    2. Forecasts
    3. Travel Cuba
    4. Spending CUP
    5. Send to Cuba
         

    USD/CUP Trend (90-day)

    USD to CUP is steady at 90 day average 25.75.
    |
    No alerts
     

    The below interactive chart displays the USD/CUP trend and UP DOWN HIGH LOW alerts

     
    USD to CUP Currency Trend Chart
       

    US dollar to Cuban peso - Historical Rates

    USD/CUP wasChangePeriod
    25.75
    05 Oct 2021
    no change2 Weeks
    25.75
    21 Jul 2021
    no change90 Days
    25.75
    19 Oct 2020
    no change1 Year
    24.73
    20 Oct 2016
    4.1% 5 Years
    USD/CUP change over periods to 19-Oct-2021
     

    $10,000 USD
    =
    $MN257,500 CUP

    Converted at USD/CUP interbank rate, compare Send Money and Currency Exchange exchange rates.

    USD to CUP - Quick Amounts

    Sell USD   →   Buy CUP
    USD CUP
    $ 1 $MN 25.75
    $ 5 $MN 128.75
    $ 10 $MN 257.50
    $ 20 $MN 515.00
    $ 50 $MN 1,288
    $ 100 $MN 2,575
    $ 250 $MN 6,438
    $ 500 $MN 12,875
    $ 1,000 $MN 25,750
    $ 2,000 $MN 51,500
    $ 5,000 $MN 128,750
    $ 10,000 $MN 257,500
    $ 20,000 $MN 515,000
    $ 50,000 $MN 1,287,500
    $ 100,000 $MN 2,575,000
    USD CUP
    $ 0.0388 $MN 1
    $ 0.1942 $MN 5
    $ 0.3884 $MN 10
    $ 0.7767 $MN 20
    $ 1.9418 $MN 50
    $ 3.8835 $MN 100
    $ 9.7088 $MN 250
    $ 19.42 $MN 500
    $ 38.84 $MN 1,000
    $ 77.67 $MN 2,000
    $ 194.18 $MN 5,000
    $ 388.35 $MN 10,000
    $ 776.70 $MN 20,000
    $ 1,942 $MN 50,000
    $ 3,884 $MN 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in Cuba?

    The domestic currency in Cuba is the Cuban peso.

    What is the Cuban peso currency code and symbol?

    The three letter currency code for the Cuban peso is CUP — symbol is $MN.

    Which countries use the Cuban peso?

    It is the domestic currency in    Cuba.

    Is the Cuban peso a closed currency?

    Yes the Cuban peso is a closed currency. Which means that you may find it difficult to purchase the currency (CUP) before departure and will probably need to buy it upon arrival. If you do manage to buy some of the currency or have some left over from a previous trip, make sure you are aware if you are allowed to bring this closed currency into the country.

    For more information and a full list of closed currencies please refer to our guide: What is a closed currency?

     

    Travel, Currency and Money saving tips for Cuba

    Bereft of modern interference, Cuba’s colonial cities haven’t changed much since musket-toting pirates stalked the Caribbean. The atmosphere and architecture is particularly stirring in Havana, Trinidad, Remedios and Camagüey where grandiose squares and cobbled streets tell erstwhile tales of opulence and intrigue.

    Come here to be mesmerised by the eclectic architecture, with a surprise around every corner; to sway to the Cuban rhythms in surround sound as you stroll; to be inspired by cutting-edge contemporary art; and to taste the creative cuisine of the next gastronomic capital of the world. And whatever you do, explore beyond the borders of beautiful Habana Vieja (Old Havana), to discover the city’s distinct neighbourhoods.

    What currency to use in Cuba?

    Bring cash on your vacation. And lots of it. American travellers should note that credit cards and debit cards issued by American banks are not accepted anywhere on the island.

    If you’re coming from Europe or elsewhere, there’s a good chance that the ATMs at the airport and major tourist destinations will accept your card, but it’s best to doublecheck with your bank before travelling. Beware that ATMs in Cuba have massive fees.

    Some hotels, car rental agencies, and instutitutions run by the government accept credit cards (again, non-American), but it’s best not to count on it. None of the paladares (small family-run restaurants), casa particulares (home-stays), or small tourism businesses accept credit card.

    ATMs and credit card machines are notoriously finicky in Cuba and you don’t want to be stuck with $US100 for a two-week vacation.

    The best plan is to carefully budget how much money you think you will spend on your trip and add 10% – just in case anything goes wrong. If you can, bring the cash in euros. While Cuban currency is pegged to the U.S. dollar, the government charges a 10% penalty when converting dollars to pesos.

    How to get around in Cuba?

    Bus travel is a dependable way of getting around Cuba, at least in the more popular areas. Víazul (www.viazul.com) is the main long-distance bus company available to non-Cubans, with fairly punctual and reliable air-conditioned coaches going to destinations of interest to travelers.

    Renting a car in Cuba is easy, but once you've factored in gas, insurance, hire fees etc, it isn't cheap. Prices vary with car size, season, and length of rental. Bank on paying an average of CUC$70 per day for a medium-sized car. It's actually cheaper to hire a taxi for distances of under 150km. Driving here isn't just a different ballpark, it's a different sport. The first problem is that there are no signs – almost anywhere. Major junctions and turnoffs to important resorts or cities are often not indicated at all. Not only is this distracting, it's also incredibly time-consuming. The lack of signage also extends to highway instructions. Often a one-way street is not clearly indicated or a speed limit not highlighted,

    Cuba is a cyclist's paradise, with bike lanes, bike workshops and drivers accustomed to sharing the road countrywide. Spare parts are difficult to find – you should bring important spares with you. Throughout the country, the 1m-wide strip of road to the extreme right is reserved for bicycles, even on highways. It's illegal to ride on sidewalks and against traffic on one-way streets and you'll be ticketed if caught.

    The most important ferry services for travelers are the catamaran from Surgidero de Batabanó to Nueva Gerona, Isla de la Juventud, and the passenger ferry from Havana to Regla and Casablanca. These ferries are generally safe.

    Travel tips for Cuba.

    The vast majority of Cuba's tourists gravitate to the attractive arcs of white sand that pepper the country's north coast and offshore islands. But, explore beyond the beaches and you’re in a different domain, a land of fecund forests and crocodile-infested swamps, abandoned coffee plantations and rugged mountains as famous for their revolutionary folklore as their endemic species.

     

    Travel money for Cuba

    As mentioned above, the Cuban peso is a closed currency. Which means that you may find it difficult (or be permitted) to purchase the currency (CUP) before departure and will need to buy it upon arrival in Cuba.

    For these types of destinations, using a pre-paid travel card is a good solution. As no travel cards support loading closed currencies like the CUP you will incur currency conversion or foreign transaction fees if you use a travel money card in Cuba.

    However, using a pre-paid travel card is still a good idea as you can avoid ATM fees and also you can avoid using (and losing!) your main bank or debit/credit card.

     

    Send Money to Cuba - Best Rates

    To get a good (and fair) exchange rate when sending money to Cuba you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


    Get a better deal for foreign transfers to Cuba

    When sending money to Cuba it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

    1. Open an account with a BER reviewed FX provider (id docs may be required)
    2. You specify the local or Cuban peso amount you want to transfer
    3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
    4. Once your funds are received by the provider the converted CUP amount will be transfered to the recipient account you specify in Cuba.

    Use the above Send to Cuban peso calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Cuban peso deposited into the recipient bank account and less margins and fees kept by the banks!


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