The exchange rate of foreign currencies in Cuba remains a topic of intense debate, with the disparity between informal and official rates widening. As of May 9, 2024, the Cuban Exchange House is buying the US dollar at 110.40000 and selling it at 124.80000. Other CADECA rates for various currencies on the same day include the Canadian dollar at 85.64562 and 92.63710, the Swiss franc at 129.52969 and 140.10354, the Euro at 126.33768 and 136.65096, the British pound at 146.92356 and 158.91732, the Japanese yen at 1.32231 and 1.21860, the Mexican peso at 6.96136 and 7.52964, and the US dollar at 110.40000 and 124.80000.
Officially, customers in Cuba are limited to purchasing up to 100 US dollars per person or the equivalent in another freely convertible currency. Appointments must be made at CADECA, and customers are allowed only one purchase per day due to high demand exceeding supply. CADECA can fulfill these transactions as long as they have the currency available, as stated on their website.
Foreign currency sales are currently limited to 37 authorized CADECA offices, with the Isle of Youth having a BPA Branch providing the service. In the informal market, the value of the USD has increased by 200 Cuban pesos in one year, reaching 392 CUP as of today. Banco Metropolitano has suggested seeking out alternative sources to get information on informal rates, with most platforms showing the US dollar value in Cuba ranging between 372 and 393 CUP.