What exactly is the new exchange rate in Cuba for USD?

Question: Re Cuba’s new exchange rate: (1) will a US $100 bill receive CUC 90? (2) What will a US $100 Travelers Cheque receive? (3) Are other foreign currencies besides the US$ subject to any penalty beyond the ongoing exchange rate?

Answer: Under Cuba’s new exchange rates, which went into effect on March 14, 2011, the 10 percent fee for buying CUCs with U.S. dollars in cash remains in place. For example, the exchange rate for today (March 22nd) is US $1.03360 to buy CUC 1. This means that for US $100 you will receive just under CUC 90.

For Travelers Cheques, there is an approximately 14% commission charge on top of the normal exchange rate.

Foreign currencies besides the US dollar are not subject to any additional charge beyond the ongoing exchange rate.

For information on websites for Cuban banks where you can obtain up-to-date exchange rates, please consult the reply to the question:  How have the new exchange rates (March 14, 2011) affected the Pound Sterling?

 


3 thoughts on “What exactly is the new exchange rate in Cuba for USD?

  • April 28, 2011 at 7:03 am
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    Hi, could u send me the cultural calendar for May in Habana ? Muchas gracias…

  • April 20, 2011 at 3:11 pm
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    “… For Travellers Cheques, there is an approximately 14% commission charge on top of the normal exchange rate…”

    =========================

    That is incorrect.

    The commission charge is 3%, that’s all. TCs are a great option for American Travellers to get around the 10% surcharge that their US Dollars suffer – there is no extra surcharge on TCs.

    Cheers,
    Terry

  • April 16, 2011 at 9:19 pm
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    Maybe Uncle Sam able to answer that?
    Why Cuba should dance under some foreign orchestra?

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