If you’re planning a trip to Cuba, one of the first things you’ll need to figure out is how to handle money. The currency situation in Cuba can be confusing, especially for first-time visitors. This guide breaks it down clearly so you can make the most of your money while supporting locals directly.
What Currency Does Cuba Use?
Cuba uses the Cuban Peso (CUP), and while some businesses accept foreign currencies like USD or Euros, most everyday purchases—like food, taxis, or markets—are in CUP.
The Real Exchange Rate vs. the Official Rate
The official exchange rate in government institutions like CADECA (casas de cambio) or airport kiosks is often much lower than the actual street value of the Cuban Peso. For this reason, savvy travelers rely on the “El Toque” rate—an independently tracked exchange rate based on actual informal market activity.
You can find the El Toque rate online by visiting eltoque.com, and it’s updated daily.
Aim for a Fair Deal, Not Perfection
When exchanging money, don’t stress if you don’t get the exact El Toque rate. If you get an offer that’s 10–20 pesos less per USD than the El Toque rate, that’s considered a fair and normal deal. You’re still getting a much better rate than you would at the airport or a state-run exchange.
For example, if the El Toque rate is 360 CUP per 1 USD, then 340–350 CUP is a decent offer.
Avoid the Airport Exchange Kiosks
You won’t find any Cuban Pesos outside of Cuba. No reason to waste your time trying to exchange before your trip.
Where and How to Exchange Money
Instead, use Cuba’s informal market to exchange your currency. There are a few safe and easy ways to find trustworthy people:
1. Facebook Groups
Search for Facebook groups like “Cuba Travel Tips”, “Cuban Expats”, or “Cuba Exchange Rates”. You can post a request or browse recent posts to find locals or fellow travelers offering exchanges.
2. Revolico App or Website
Revolico.com is Cuba’s version of Craigslist. Go to the “Divisas” (currency) section to find up-to-date offers and contact sellers. Many Cubans use WhatsApp or Telegram to finalize the exchange, and some may even come directly to your casa particular (rental home).
A Few Final Tips
Only exchange what you need for a few days at a time. The rate can fluctuate quickly.
Bring cash—preferably USD or Euros. ATMs in Cuba have a horrible exchange rate. Americans can’t use their cards anyway.
Count your money carefully. Most people are honest, but it’s always smart to verify the exchange on both sides.
By exchanging money wisely, you’ll get the best value for your trip and put more money directly into the hands of everyday Cubans—not government institutions.
Buen Sabor Cuban Tours 