This Sunday, Cuba's black market currency exchange opens with no fluctuations in major currencies, showing stable prices amidst a highly volatile economic and political landscape.
Data from the independent observatory elTOQUE indicates that the United States dollar (USD) remains at 490 Cuban pesos (CUP), the euro (EUR) holds steady at 530 CUP, and the Freely Convertible Currency (MLC) stays at 410 CUP, following a slight increase observed in recent days.
Informal Exchange Rates in Cuba Sunday, January 25, 2026 - 06:47 AM
Exchange rate for USD to CUP: 490 CUP
Exchange rate for EUR to CUP: 530 CUP
Exchange rate for MLC to CUP: 410 CUP
The current stability contrasts sharply with the recent shifts in the official rate, as the Central Bank of Cuba (BCC) has accelerated the devaluation of the peso, pushing the official dollar rate to 435 CUP and the euro above 512 CUP.
Nevertheless, the gap between the official and informal markets remains substantial, reinforcing the belief that the so-called “floating rate” remains disconnected from Cuba's economic reality.
Experts caution that the current calm should not be seen as a trend reversal but rather a technical pause following weeks of adjustments. In Cuba, stability is often precarious and heavily reliant on external factors like currency availability, the energy crisis, and international political dynamics.
Recently, pressure on the Cuban regime has escalated, with reports from the United States suggesting a review of potential measures to tighten the economic blockade, particularly targeting the energy sector.
Although these measures are not yet in place, the mere possibility increases uncertainty and fuels distrust in the Cuban peso.
For now, the informal market appears to have absorbed these tensions, maintaining steady exchange rates. However, recent history shows that any economic or geopolitical shock can quickly lead to upward pressures on foreign currencies, in a country where the true value of money is dictated on the street.
Frequently Asked Questions about Cuba's Informal Currency Market
Why is the informal exchange rate different from the official rate in Cuba?
The informal exchange rate often differs from the official rate because it reflects the real market demand and supply dynamics, which the official rate may not account for due to government controls.
How do external factors impact Cuba's currency stability?
Cuba's currency stability is heavily influenced by external factors such as the availability of foreign exchange, international economic sanctions, and geopolitical developments that can affect energy supplies and other imports.