The informal currency market in Cuba has confirmed a shift in trend this Saturday, following the previous day's developments, with a notable increase in the value of the U.S. dollar and the euro after nearly two weeks of stability.
According to daily monitoring by the independent outlet elTOQUE, the U.S. dollar (USD) is now valued at 518 Cuban pesos (CUP), marking a rise of one peso compared to Friday. This change breaks the 13-day plateau of 515 CUP.
Cuba's Informal Exchange Rate
Saturday, April 4, 2026 - 06:30
Exchange rate of the dollar (USD) to Cuban pesos (CUP): 518 CUP
Exchange rate of the euro (EUR) to Cuban pesos (CUP): 585 CUP
Exchange rate of the Freely Convertible Currency (MLC) to Cuban pesos (CUP): 390 CUP
The euro (EUR) has also shown movement after a period of stagnation, climbing to 585 CUP, which is an increase of five pesos from its previous value. This rise heightens the upward pressure on strong currencies in the parallel market.
In contrast, the Freely Convertible Currency (MLC) exhibits a different trend, dropping to 390 CUP, highlighting its volatility and its direct connection to internal consumption and product availability in state-run stores.
This new landscape marks the end of the so-called "high plateau" where the market had stabilized in recent weeks. Although the rise is moderate, it indicates that the recently achieved balance was fragile and dependent on situational factors such as the population's limited purchasing power and a shortage of liquidity in pesos.
The resurgence of the dollar and euro suggests a potential return of pressure on the Cuban peso, amid an economic environment characterized by inflation, a scarcity of foreign currency, and the ongoing erosion of purchasing power.
Moreover, this uptick occurs in a scenario of economic and political uncertainty that continues to shape market expectations. Demand for foreign currencies as a safe haven remains high, particularly given the lack of confidence in the national currency.
In this context, the informal market remains the true benchmark for exchange rates in Cuba, as the Cuban peso continues to display signs of weakness against major foreign currencies.
Understanding the Fluctuations in Cuba's Informal Currency Market
What caused the recent increase in the dollar and euro in Cuba?
The recent rise in the dollar and euro is attributed to the fragile stability of the informal market, influenced by situational factors like limited purchasing power and liquidity issues.
Why is the Freely Convertible Currency (MLC) decreasing?
The MLC's decline is linked to its volatility and direct relationship with domestic consumption and product availability in state stores.
How does the informal market impact Cuba's economy?
The informal market serves as the actual reference for exchange rates in Cuba, reflecting the true value of currencies amid economic uncertainty and a weak national currency.