In 2024, the global financial environment remains challenging, with several factors affecting both developed and emerging economies. Inflation, which remains high in many parts of the world, and continued fluctuations in central bank interest rates have created a volatile outlook.
The Federal Reserve in the United States, the European Central Bank and other major banks maintain a high interest rate policy in an attempt to control inflation. This, in turn, directly impacts currency exchange rates, especially in emerging economies that depend on the dollar and euro.
Currency price update in November in Cuba
The price of currencies in the informal market remains a critical issue in November, as the Central Bank of Cuba maintains official rates, which remain significantly lower than in the parallel market.
This difference impacts those who depend on foreign currency for their expenses, since the informal market is the main option for accessing foreign currency.
Exchange rate today 11/13/2024 in Cuba:
Exchange rate from USD to CUP: 328 CUP
Exchange rate from EUR to CUP: 345 CUP
Exchange rate from MLC to CUP: 265 CUP
Sources: el TOQUE / Directorio Cubano