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$, period average, in 1974.
That places Cuba 207th out of 215 countries with data for 1974, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Official exchange rate in Cuba, year by year
| Year | LCU per US$, period average | Change |
|---|---|---|
| 1960 | 1 LCU per US$, period average | — |
| 1961 | 1 LCU per US$, period average | +0.0% |
| 1962 | 1 LCU per US$, period average | +0.0% |
| 1963 | 1 LCU per US$, period average | +0.0% |
| 1964 | 1 LCU per US$, period average | +0.0% |
| 1965 | 1 LCU per US$, period average | +0.0% |
| 1966 | 1 LCU per US$, period average | +0.0% |
| 1967 | 1 LCU per US$, period average | +0.0% |
| 1968 | 1 LCU per US$, period average | +0.0% |
| 1969 | 1 LCU per US$, period average | +0.0% |
| 1970 | 1 LCU per US$, period average | +0.0% |
| 1971 | 1 LCU per US$, period average | +0.0% |
| 1972 | 0.921 LCU per US$, period average | -7.9% |
| 1973 | 0.8367 LCU per US$, period average | -9.2% |
| 1974 | 0.822 LCU per US$, period average | -1.8% |
Cuba compared with similar countries
- Cuba's 0.822 LCU per US$, period average is below the median for upper middle income countries, which is 17.38 LCU per US$, period average, 5% of the median. (59 countries reporting)
- Cuba's 0.822 LCU per US$, period average is below the median for Latin America & Caribbean, which is 2.7 LCU per US$, period average, 30% of the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1 LCU per US$, 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$, period average | 5 |
Countries ranked near Cuba
- 204 Cayman Islands 0.8333 LCU per US$, period average compare
- 205 Liechtenstein 0.8314 LCU per US$, period average compare
- 205 Switzerland 0.8314 LCU per US$, period average compare
- 208 Gibraltar 0.7595 LCU per US$, period average compare
- 208 Isle of Man 0.7595 LCU per US$, period average compare
- 208 United Kingdom 0.7595 LCU per US$, period average compare
- 208 Channel Islands 0.7595 LCU per US$, period average compare
More financial sector data for Cuba
- Reserve position in the IMF, US dollar, annual growth rate -100 % change on previous year (1957)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- Reserve position in the IMF, US dollar, per capita 0 units per person (2016)
- Reserve position in the IMF, SDR, annual growth rate -100 % change on previous year (1957)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- Reserve position in the IMF, SDR, per capita 0 units per person (2016)
- Reserve tranche position, US dollar, annual growth rate -100 % change on previous year (1957)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- Reserve tranche position, US dollar, per capita 0 units per person (2016)
- Reserve tranche position, SDR, annual growth rate -100 % change on previous year (1957)
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$, period average in 1974.
- How does Cuba rank for official exchange rate?
- Cuba ranks 207th out of 215 countries with data for 1974.
- Is official exchange rate rising or falling in Cuba?
- Over the last ten years it is down 17.8%. The long-run trend across the full record is falling.
- Where does this Cuba data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, 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.