The exact answer to how much $1 US is in Cuba, based on official exchange rates, is 23.96 Cuban Pesos (CUP).
Official Exchange Rate for US Dollars in Cuba
The value of the United States Dollar (USD) when exchanged for the Cuban Peso (CUP) is determined by the official exchange rate. This rate indicates how many Cuban Pesos you can receive for each US Dollar.
Here is a breakdown of the current official conversion:
USD | CUP |
---|---|
$1 | 23.96 |
$5 | 119.79 |
This table illustrates that for every one US dollar, you would receive 23.96 Cuban Pesos. Similarly, five US dollars would convert to 119.79 Cuban Pesos. These rates are typically applicable when exchanging currency through official channels within Cuba.
Understanding Currency Exchange in Cuba
The official currency in Cuba is the Cuban Peso (CUP). When planning to exchange US dollars, it's important to be aware of the prevailing official rates. While the official rate provides a clear benchmark, exchange rates can fluctuate due to various economic factors. For the most current conversion rates, it's always advisable to check a reliable currency converter. You can find up-to-date information on the exchange rate between the United States dollar and the Cuban peso by visiting a reputable currency converter website.