Compare today's USD to CUP (US Dollar to Cuban Peso) exchange rates
📈 USA to Cuba Money Transfer Snapshot Today
- Number of money transfer providers compared: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real USD to CUP exchange rate before providers add their margin or fees. exchange rate: 1 USD = CUP 25.7500 (Updated about an hour ago)
💡What today's USD-CUP exchange rates mean for you
Compare today's USD-CUP exchange rates and send money from USA to Cuba after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
USD-CUP exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final CUP payout that your recipient gets in Cuba.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your USA to Cuba remittances.
🔄 Looking for the reverse corridor? Send money from Cuba to USA instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from USA.
👇 We also suggest looking beyond today's USD-CUP exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst USD-CUP exchange rate is crucial, historical data shows that transfer fees, USD amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze USA to Cuba historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your CUP payout.
Data-driven cost insights for USA to Cuba money transfers
When you send money internationally from USA to Cuba, the key factors that will influence the overall cost of your transaction are:
- USD-CUP exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum CUP payout for your overseas recipient in Cuba.
Another counter-balancing aspect is money transfer speed. If you need to rush money from USA to Cuba, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for USA to Cuba money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 82 actual USA to Cuba money transfers handled by 5 providers over the last 5 years (for a USD 200 remittance benchmark).
This data-driven approach using real USD-CUP transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for USA to Cuba money transfers
- Average total cost: 12.76% (range 4.00% to 23.50%, spread 19.50 percentage points)
- Potential payout difference: On a USD 200 transfer, the above variation can save you up to USD 39.00.
- Average FX markup: 3.60% (range 0.00% to 20.00%, spread 20.00 percentage points)
- Average transfer fee: USD 18.31 (range USD 7.00 to USD 38.99)
- Cheapest payment/delivery method combo: Bank Account Transfer → Bank Deposit (5.63% avg cost); most expensive is Bank Account Transfer → Cash Pickup (13.50%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 7.87% (USD 15.74 on USD 200 transfer).
- Market coverage: ~5 providers on average (competition level: limited)
- Average speed: About 44 hours (~1.8 days)
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your USA to Cuba money transfers.
📈 USD to CUP exchange rate is often the biggest driver of both cost and payout
The exchange rate on your USA to Cuba money transfers is usually the single biggest factor that will determine your overall USD cost and your recipient's CUP payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a USD 200 money transfer benchmark, we see the following FX markup ranges for US Dollar to Cuba transfers:
- Average markup: 3.60%
- Median markup: 0.00%
- Lowest markup: 0.00%
- Highest markup: 20.00%
That is a spread of 20.00 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a USD 200 transfer, the above markup range is equivalent to roughly CUP 40.00 purely from differences in the exchange rate. That incremental saving increases to CUP 100.00 for a USD 500 transfer.
🛠️ How to use this insight: When comparing providers for USA to Cuba remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
USD to CUP exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total USA to Cuba remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your US Dollar reaches your recipient in Cuba.
Based on data from last 5 years, we notice the below about US Dollar to Cuba money transfer fees:
- Average fee: USD 18.31
- Median fee: USD 16.00
- Lowest fee: USD 7.00
- Highest fee: USD 38.99
The average fee amount of USD 18.31 noted above represents 9.16% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by USD 31.99.
🛠️ How to use this insight: For your next money transfer from USA to Cuban Peso, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for USD-CUP remittances
Based on our detailed analysis of historical USA to Cuba data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Cuba from USA:
- Cash: 6.14%
- Bank Account Transfer: 12.15%
- Debit Card: 12.40%
- Credit Card: 12.82%
That is a total spread of 6.68 percentage points.
This means that on a USD 200 transfer, you could save up to USD 13.36 simply by choosing the best priced payment method.
These savings will only multiply for higher USD amounts.
Here is the average cost of popular delivery methods used to send money from USA to Cuba:
- Bank Deposit: 8.74%
- Cash Pickup: 14.84%
The cost difference between the above delivery methods is 6.10 percentage points.
Once again, this means that you could save up to USD 12.20 on a USD 200 transfer to Cuba by choosing Bank Deposit versus Cash Pickup.
As you can imagine, the possible combinations of USA payment methods and Cuba delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for USA to CUP money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Bank Deposit | 5.63 |
| Cash | Bank Deposit | 6.10 |
| Cash | Cash Pickup | 6.42 |
| Debit Card | Bank Deposit | 10.24 |
| Credit Card | Bank Deposit | 11.49 |
| Debit Card | Cash Pickup | 12.94 |
| Credit Card | Cash Pickup | 13.14 |
| Bank Account Transfer | Cash Pickup | 13.50 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these USD-CUP payment and delivery options is significant. Here are some observations:
- Bank Account Transfer → Bank Deposit has the lowest average cost at 5.63%.
- Bank Account Transfer → Cash Pickup has the highest average cost at 13.50%.
- Bank Account Transfer → Bank Deposit average cost is 7.87 percentage points lower than that of Bank Account Transfer → Cash Pickup.
- This means that on a USD 200 money transfer, you could save up to USD 27.01 simply by choosing the best payment and delivery method combo.
- Further, on a USD 500 money transfer, the savings increase to USD 67.52.
Here is a quick summary of the average historical cost of various payment and delivery methods for USD to Cuba money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Cash averaged 6.14%, compared to 12.82% for Credit Card, a difference of 6.68 percentage points.
- Cheapest delivery method: Bank Deposit averaged 8.74%, compared to 14.84% for Cash Pickup (6.10 percentage points higher).
- Cheapest combo: Bank Account Transfer → Bank Deposit averaged 5.63%, which is 7.87 percentage points lower than Bank Account Transfer → Cash Pickup (13.50%).
🛠️ How to use this insight: As you compare money transfer providers for your next USA to Cuba international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your USA to Cuba remittances by carefully choosing the most economical payment and delivery methods.
📊 Does sending more money reduce the cost of USD-CUP money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending USD 200 vs USD 500 from USA to Cuba.
We found that sending a higher amount (USD 500) tends to be cheaper - average cost drops from 12.76% to 11.19%, a reduction of 1.56 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher US Dollar amounts to Cuba, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the USA to Cuba remittance market?
Based on data from the last 5 years, USD-CUP money transfers are provided on an average by 5 remittance companies. With around 5 providers serving this market, we consider the level of competition to be limited.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your USA to Cuba remittances.
⏱️ How fast are USD-CUP money transfers?
If your recipient in Cuba needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for USA to Cuba transfers when it comes to processing time:
- Average transfer time: About 44 hours (~1.8 days).
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 144 hours (~6.0 days).
- Average speed at USD 200: About 44 hours (~1.8 days).
- Average speed at USD 500: About 44 hours (~1.8 days).
🛠️ How to use this insight: If you need to send money from USA to Cuba in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Cuba.
USA to Cuba transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about USA to Cuba money transfers
These FAQs use data from RemitFinder's historical analysis of USA to Cuba money transfers over several years.
What factors affect the total cost of sending money from USA to Cuba?
The total cost of your USD-CUP money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect USA to Cuba transfers?
Historical USD to CUP exchange rate markup ranges from 0.00% to 20.00%, a spread of 20.00 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Is the exchange rate or the transfer fee more important for USA to Cuba transfers?
Exchange rate markup ranges from 0.00% to 20.00% (a spread of 20.00 percentage points).
Transfer fees range from USD 7.00 to USD 38.99, which equals roughly 16.00% on a USD 200.00 transfer.
At both USD 200.00 and USD 500.00, the exchange rate markup shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for USA to Cuba transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger USD amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most CUP for your USD.
How much can USA to Cuba transfer costs vary between providers?
Historical transfer cost ranges from 4.00% to 23.50% for USD transfers to Cuba. That is a spread of 19.50 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from 0.00% to 20.00% (a spread of 20.00 percentage points). Thus, even small differences in FX margin can have a big impact on the final CUP payout.
Why do various money transfer providers price USD to Cuba transfers differently?
If you send the same US Dollar amount to Cuba via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final CUP payout in Cuba in a big way.
How stable are transfer costs in the USA to Cuba corridor?
When we analyzed the historical total cost for USD-CUP transfers, we observed a range from 4.00% to 23.50% (19.50 percentage points difference), along with a variability (standard deviation) of 5.96%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from 0.00% to 20.00% (20.00 percentage points difference), with a standard deviation of 4.59%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your USD-CUP transfers.
Which payment method is cheapest for USA to Cuba remittances?
Cash is the cheapest payment method in USA based on its average cost at 6.14% (compared to Credit Card at 12.82%, a difference of 6.68 percentage points).
Based on this, we recommend paying for your USD transfer with Cash, and avoiding Credit Card if possible.
Is Debit Card cheaper than Credit Card for USA to Cuba transfers?
Debit Card is cheaper on average when sending money to Cuba from USA since it costs 12.40% (compared to 12.82% for Credit Card payments, a difference of 0.42 percentage points).
As a result, we recommend that you avoid paying for your transfer to Cuba with a Credit Card.
Which delivery method is cheapest for USD-CUP money transfers?
Bank Deposit is the cheapest delivery method in Cuba as it costs 8.74% (compared to Cash Pickup at 14.84%, a spread of 6.10 percentage points).
If your recipient in Cuba can accept Bank Deposit, we recommend choosing it as your preferred delivery option for USD-CUP transfers.
Is Bank Deposit cheaper than Cash Pickup for USA to Cuba transfers?
Bank Deposit is cheaper for transfers to Cuba given its 8.74% average cost (versus 14.84% for Cash Pickup, a difference of 6.10 percentage points).
To save more, consider choosing the cheapest delivery option for Cuba.
What is the cheapest way to send money from USA to Cuba?
We evaluated 8 payment and delivery method combinations for USA to Cuba remittances.
Based on historical data, Bank Account Transfer → Bank Deposit is the cheapest combination with 5.63% cost.
At the other end of the spectrum, Bank Account Transfer → Cash Pickup is the most expensive combination at 13.50% cost. That is a difference of 7.87 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for USA to Cuba remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your USD-CUP transfers.
Does sending more money reduce the cost for USA to Cuba transfers?
Larger USD-CUP transfers are cheaper on average.
The cost of a USD 200 transfer averages 12.76% as compared to 11.19% for a USD 500 transfer, a difference of 1.56 percentage points.
How long does it take to send money from USA to Cuba?
Based on our analysis, the average transfer time for USD-CUP transfers is 44 hours (~1.9 days), with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Are instant transfers available from USA to Cuba?
Yes, historical data shows that some transfers to Cuba from USA can complete in less than one hour.
Note that the actual speed of your USD-CUP transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
How competitive is the USA to Cuba remittance market?
Based on historical data, the competition level in USA to Cuba is considered limited with 5 active providers.
Do I risk overpaying if I do not compare providers for USA to Cuba?
Historically, total USD-CUP transfer cost has varied by 19.50 percentage points. On a USD 200 transfer, that can translate to USD 39.00 in savings.
USD-CUP exchange rate markup also varies across providers. The average markup spread has been about 20.00 percentage points. On a USD 200 transfer, that could be USD 40.00 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about USD 31.99 across providers.
That is why comparing providers can materially change how much of the USD you send does your recipient receive in Cuba in Cuba.
Latest USD to CUP Conversion Rates
Here are some latest USD to CUP (US Dollar to Cuban Peso) exchange rates for popular conversion amounts*.
| 1 USD | 25.75 CUP |
| 5 USD | 128.75 CUP |
| 10 USD | 257.50 CUP |
| 25 USD | 643.75 CUP |
| 50 USD | 1,287.50 CUP |
| 100 USD | 2,575.00 CUP |
| 150 USD | 3,862.50 CUP |
| 200 USD | 5,150.00 CUP |
| 250 USD | 6,437.50 CUP |
| 300 USD | 7,725.00 CUP |
| 400 USD | 10,300.00 CUP |
| 500 USD | 12,875.00 CUP |
| 600 USD | 15,450.00 CUP |
| 700 USD | 18,025.00 CUP |
| 800 USD | 20,600.00 CUP |
| 1000 USD | 25,750.00 CUP |
| 1500 USD | 38,625.00 CUP |
| 2000 USD | 51,500.00 CUP |
| 2500 USD | 64,375.00 CUP |
| 3000 USD | 77,250.00 CUP |
| 4000 USD | 103,000.00 CUP |
| 5000 USD | 128,750.00 CUP |
| 10000 USD | 257,500.00 CUP |
| 15000 USD | 386,250.00 CUP |
| 20000 USD | 515,000.00 CUP |
| 30000 USD | 772,500.00 CUP |
| 40000 USD | 1,030,000.00 CUP |
| 50000 USD | 1,287,500.00 CUP |
| 100000 USD | 2,575,000.00 CUP |
*Based on the Mid-market Exchange Rate
1 Based on 82 pricing observations across 5 firms over the last 5 years for a USD 200 money transfer from USA to Cuba. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the USA to Cuba remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.