The informal currency market in Cuba has now experienced four consecutive days of increases, confirming upward pressure on the dollar and the euro, while the freely convertible currency (MLC) remains stable.
According to the reference rate published this Wednesday by elTOQUE, the US dollar is trading at 415 Cuban pesos (CUP), the euro has reached 469 CUP, and the MLC remains at 195 CUP.
Informal exchange rate in Cuba Wednesday, September 10, 2025 - 05:00
- Exchange rate of the dollar (USD) to Cuban pesos CUP: 415 CUP
- Exchange rate of the euro (EUR) to Cuban pesos CUP: 469 CUP
- Exchange rate from (MLC) to Cuban pesos CUP: 195 CUP
A streak that started on Sunday
The increase began on Sunday, September 7, when the dollar rose to 412 CUP, its highest value at that time, and the MLC bounced back to 192 CUP after a drop.
Exchange Rate Evolution
On Monday, the euro hit a new record at 463 CUP, while the MLC regained the barrier of 195 CUP and the dollar stabilized its rate at 412 CUP.
On Tuesday, the trend continued with one dollar at 413 CUP and one euro at 465 CUP, widening the gap compared to the U.S. dollar.
Finally, this Wednesday both currencies rose again: the dollar reached 415 CUP and the euro climbed to 469 CUP, their highest values since records of this market have existed.
The dollar gains ground
Although its rise has been more gradual than that of the euro, the dollar shows a strong trend. Since August 28, it has remained around 410 CUP, and in the last four days, it has added five more pesos, confirming many Cubans' preference for this currency as a reference in daily transactions.
The euro is at historic highs
The euro has been the main focus of this trend. In less than a week, it rose from 460 to 469 CUP, gaining nine pesos in four days. Its exchange rate solidifies it as the most expensive currency in the informal market and as an increasingly sought-after refuge.
MLC: Stability without trust
The MLC remains at 195 CUP, unchanged over the past three days. However, it continues to lag behind the levels seen in July (210–225 CUP), which confirms the market's skepticism towards this state digital currency.
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