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Where should I exchange US$ for Euros for my Cuba trip

Where should I exchange US$ for Euros for my Cuba trip

Old Jun 30, 16, 9:57 pm
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Where should I exchange US$ for Euros for my Cuba trip

I'm taking my first trip to Cuba in a few months and know that I should bring Euros. Where should I get Euros, in the US or in Europe...and if here in the US, then where and how?
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Old Jun 30, 16, 10:33 pm
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Originally Posted by SIN1K View Post
I'm taking my first trip to Cuba in a few months and know that I should bring Euros.
Where this knowledge comes from?
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Old Jun 30, 16, 10:37 pm
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Moving this to the FT Cuba Forum
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Old Jun 30, 16, 11:27 pm
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The cuban gov't takes a big cut when you exchange US dollars for CUC. So what should I do?
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Old Jul 1, 16, 7:41 am
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Check out post #3 here:
https://www.lonelyplanet.com/thorntr...2-trip-to-cuba
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Old Jul 1, 16, 8:24 am
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You bring Euros wherever you get the best rate.
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Old Jul 1, 16, 9:51 am
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Originally Posted by SIN1K View Post
I'm taking my first trip to Cuba in a few months and know that I should bring Euros. Where should I get Euros, in the US or in Europe...and if here in the US, then where and how?
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Old Jul 1, 16, 9:57 am
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I was in Cuba 2 weeks ago. Unless you are talking about a large quantity of money I wouldn't make yourself crazy about the money. All major hotels exchange money and it is the same rate. 1cuc =$1. They charge you a 10% penalty and a 3% exchange fee for every $ so you net out prox.87. For a Euro that I had with me you got about a 9% premium net so I netted out $1.09cuc for ever euro. I hope this helps. The euro rate might have dropped since be Brexit.
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Old Jul 1, 16, 10:46 am
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The question is where are you located, and where will you be going en route? That determines whee you may be able to get good exchange rates (domestic U.S banks are said to be horrible).

If you can't get , try CAD. No problem exchanging it in banks in the middle of nowhere in Cuba (really, my wife and I exchanged for well over CUC 1,000 April last year). Just me sure you can get clean new notes with no tears.
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Old Jul 1, 16, 10:52 am
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I'm in San Diego. Does that help?
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Old Jul 1, 16, 11:04 am
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Well, check your local banks for their and CAD exchange rates (inclusive of fees). Might be so horribly high that you might as well take USD.
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Old Jul 1, 16, 12:43 pm
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Are you staying in a hotel or in a casa particular (B&B)?
According to the report I the link I posted, owners of casas particulares seem to be stockpiling dollars and giving very good exchange rates. I am probably going to try that in September.
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Old Jul 1, 16, 2:50 pm
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Definitely a B&B...thanks.
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Old Oct 6, 16, 11:08 am
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To update this thread to September of 2016......

I got:
0.87 CUC for U$1

At the time:
0.88 Euros=U$1

So I just did a straight exchange, U$ for CUC.
Bank, cadeca, hotel...all the same rate of 0.87 CUC.
No casa owners or other private citizens seemed interested in doing an exchange.
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