A popular resource for the unofficial exchange rate is the website El Toque. This is a common, but not legal, practice. However, locals are not able to deposit USD cash into their bank accounts, so it could be considered less desirable than Euros.įoreign currencies can be exchanged to CUP (at the official government rate) at airports, banks, hotels, exchange houses (CADECA), and shopping malls. They can also be exchanged in the informal markets (black market) usually at a rate much higher. USD is accepted in private businesses in Cuba (such as restaurants and casas particulares) and for exchange to CUP.50-100EUR).Ĭlick here to see current exchange rates USD We strongly recommend exchanging only small amounts of CUP currency at any one time (e.g.These currencies can be exchanged at the CADECA and at most banks (surcharge is 2% for most currencies and 8% for USD).British Pounds ( GBP) has the highest official exchange rate but may not be as in demand by local businesses.īelow is the complete list of foreign currencies These are the most widely accepted by locals therefore they can be used to pay directly to businesses or to exchange for CUP. Which Currency Should I Bring to CubaĮuros (EUR) and US Dollars (USD) are the best currencies to bring to Cuba in the areas where our tours visit. All other currencies have a 2% conversion fee. When changing USD, an 8% conversion fee will apply so the effective rate is 110CUP = 1USD. Foreign currencies (especially USD and EUR) are also widely used.Ĭuban Pesos ( CUP) formally have a fixed value of 25 CUP = 1 USD, however, as of Augthe government has set the foreign currency exchange rate at 120CUP = 1 USD. Cuba’s official currency is the CUP - Peso Cubano. The monetary situation in Cuba is quite complex.
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