Official exchange rate in Cuba
Cuba: Official exchange rate was 0.822 LCU per US$, period average in 1974. ▼ Falling
Official exchange rate in Cuba, 1960–1974
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$, period average.
Analysis
The most recent figure for official exchange rate in Cuba is 0.822 LCU per US$, period average, measured in 1974. That is the lowest value across all 15 years on record.
The figure is down 1.8% on the previous year and down 17.8% over ten years.
Over the whole period, official exchange rate in Cuba peaked at 1 LCU per US$, period average in 1960 and was at its lowest, 0.822 LCU per US$, period average, in 1974.
That places Cuba 206th out of 214 countries with data for 1974, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1 LCU per US$, period average | 1 LCU per US$, period average | 1 LCU per US$, period average | 10 |
| 1970s | 0.9159 LCU per US$, period average | 0.822 LCU per US$, period average | 1 LCU per US$, period average | 5 |
Countries ranked near Cuba
- 203 Cayman Islands 0.8333 LCU per US$, period average compare
- 204 Liechtenstein 0.8314 LCU per US$, period average compare
- 204 Switzerland 0.8314 LCU per US$, period average compare
- 207 Gibraltar 0.7595 LCU per US$, period average compare
- 207 Isle of Man 0.7595 LCU per US$, period average compare
- 207 United Kingdom 0.7595 LCU per US$, period average compare
More financial sector data for Cuba
- Net migration -22,244 (2025)
- GDP deflator: linked series 2,140 base year varies by country (2024)
- Inflation, GDP deflator: linked series 32.2% (2024)
- International migrant stock 0.0% (2024)
- International migrant stock, total 2,144 (2024)
- Average transaction cost of sending remittances to a specific country 19.6% (2023)
Frequently asked questions
- What is official exchange rate in Cuba?
- Official exchange rate in Cuba was 0.822 LCU per US$, period average in 1974, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest official exchange rate recorded in Cuba?
- The highest recorded value was 1 LCU per US$, period average in 1960.
- What is the lowest official exchange rate recorded in Cuba?
- The lowest recorded value was 0.822 LCU per US$, period average in 1974.
- How does Cuba rank for official exchange rate?
- Cuba ranks 206th out of 214 countries with data for 1974.
- Is official exchange rate rising or falling in Cuba?
- Over the last ten years it is down 17.8%. The long-run trend across the full record is falling.
- Where does this Cuba data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
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About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.