After a week with hardly any changes, the exchange rate of the U.S. dollar (USD) experienced a slight increase on Wednesday in the informal currency market, reaching 352 Cuban pesos (CUP).
Conversely, the European currency (EUR) behaved differently, dropping from 357 CUP the previous day to a rate of 355 Cuban pesos for the current day. The Free Convertible Currency (MLC) remains unchanged, once again trading at 275 CUP.
Exchange rate in Cuba, Wednesday, March 26, 2025 - 08:00
- Exchange rate of the dollar (USD) to Cuban pesos CUP: 352 CUP
- Exchange rate of the euro (EUR) to Cuban pesos CUP: 355 CUP
- Exchange rate from (MLC) to Cuban pesos CUP: 275 CUP
These figures were reported by the independent outlet elTOQUE, which daily monitors the prices of the dollar, euro, and MLC in the informal market, using a methodology based on analyzing posts on social media and buying and selling platforms.
Although the daily variations are slight, they reflect a trend of relative stability in a market characterized by uncertainty and volatility. Since the beginning of 2025, the exchange rate of the dollar has fluctuated around 350 CUP, while the euro has experienced greater ups and downs, influenced by international factors and reduced availability in the Cuban informal market.
Exchange Rate Evolution
The rise in the value of the dollar may be linked to the increased demand, both for sending remittances and for supply in the black market, where this currency continues to be the preferred choice for cash transactions.
In contrast, the slight decline of the euro may be due to a temporary adjustment caused by excess supply or fluctuations in the global exchange rate.
Meanwhile, the freely convertible currency, used in state stores for the sale of essential goods, remains unchanged, suggesting a relative stability in that segment of the informal market, despite ongoing criticism of its exclusive use in government-run businesses.
The informal currency market remains a key indicator for gauging the pulse of the Cuban economy, in a context marked by inflation, currency shortages, and distrust in the national currency.
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