Cuban Travel Currency Exchange

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Cuba Vacations
Understanding Your Money When You Travel To Cuba
Credit Cards
Useful to have in case of emergency.  They are accepted provided they are not backed by an American Bank.  Credit Cards are acceptable to pay for excursions, however the cost of your trip will be converted into dollars and then into sterling + an average of 2.75% handling fee.  If you draw cash on your Credit Card from a bank in Cuba the same conversion will apply + the handling fee + interest is charged from the day of advance.
Debit Cards
Debit cards are a bit of a grey area.  ATM machines are not widely available and if they are, they don’t always work.  If you withdraw cash you will be charged between 11 and 13% by the bank.
Travelers Checks
Little more process involved here.  You must have the original receipt and your passport with you to the bank or else they will not cash your Travelers Checks.
Cash (Best Choice)
You can only exchange your money once you are in Cuba because Cuban currency is not traded internationally.  There are 2 currencies in Cuba, CUC (Cuban Convertible Peso) and CUP (Cuban Peso).  CUC is what you will likely be using as this is the Tourist Currency (CUP is the locals currency).  Exchange a little cash at a time so you don’t have to much CUC’s when you leave (keeping only a few for drinks/food at the airport and tips.  If you are taking a taxi back to the airport, put back 25 CUC’s per person in notes (no change accepted).  Here is an idea of what the exchange rate looks like today.  Be sure and print a copy right before you leave so you are comparing the most recent exchange rates.  http://www.oanda.com/currency/travel-exchange-rates
Cuban Convertible Peso (CUC) to US Dollar (USD)
Interbank rate for Tuesday, November 3, 2015
CUC USD CUC USD CUC USD
1 = 1.00 10 = 10.00 100 = 100
2 = 2.00 15 = 15.00 200 = 200
3 = 3.00 20 = 20.00 300 = 300
4 = 4.00 25 = 25.00 400 = 400
5 = 5.00 30 = 30.00 500 = 500
6 = 6.00 35 = 35.00 600 = 600
7 = 7.00 40 = 40.00 700 = 700
8 = 8.00 45 = 45.00 800 = 800
9 = 9.00 50 = 50.00 900 = 900
OANDA
FXCheatSheet for Travelers
© 1997-2015 by OANDA, Corp.
http://www.oanda.com
60 = 60.00 Interbank rate
Cuban Convertible Peso (CUC)
US Dollar (USD)
November 3, 2015
70 = 70.00
80 = 80.00
90 = 90.00
Put it into your wallet before you travel.
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Contact us to help you with your Cuba Vacation!
1-800-789-9651

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