sleazemerchant
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- Apr 26, 2013
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SleazeMerchant,
It seems you spent 320 CUC a day , all inclusive.
I went to xe.xom and converted 320 CUC to US$, it comes out to just 12 us$. Is that correct? Or are their some hidden costs or some other conversion rates?
What do you mean, " I split the house and rental three ways?" do you mean, you just paid 1/3rd and you had two friends with you, sharing costs?Thanks.
No, unfortunately that is not correct. 1 CUC = $1 USD. So quoted in USD, about $320 USD, but even this is not accurate as you cannot exchange USD straight up for CUC even though the official exchange rate is 1-1. Exchanging any currency there is a buy/sell spread, so you lose a bit there; in addition, if you were to actually exchange USD cash you would pay an additional 10% surcharge to get CUC. As such you are better off bring CAD or EUR cash. If you were to pay a hotel bill with a USD denominated credit card from an Uruguayan or Panamanian bank, for example, you would be charged in USD at the 1-1 rate. Also, keep in mind that only visa/plus network cards work to withdraw CUC from ATM machines.
Yes, I was with two other people on the most recent trip so the prices quoted for the house, car, and driver were the amounts that I actually paid.