The informal foreign exchange market in Cuba opened this Saturday, September 13, 2025, with stable rates, following several days of increases that caused the Cuban peso to lose ground again against foreign currencies.
According to the reference rates of the day, the US dollar (USD) remains at 420 Cuban pesos (CUP), the euro (EUR) at 470 CUP, and the freely convertible currency (MLC) at 200 CUP.
Informal exchange rate in Cuba Saturday, September 13, 2025 - 06:00
- Exchange rate of the dollar (USD) to Cuban pesos CUP: 420 CUP
- Exchange rate of the euro (EUR) to Cuban pesos CUP: 470 CUP
- Exchange rate of (MLC) to Cuban pesos CUP: 200 CUP
The figures today do not indicate a new record, but they consolidate a scenario in which the Cuban peso has accumulated a significant depreciation in just one week.
Exchange Rate Evolution
The dollar increased from 411 CUP the previous Saturday to the current 420 CUP; the euro, which was priced at 460 CUP, rose to 470 CUP; and the MLC moved up from 193 to 200 CUP. In total, the three exchange rates gained between 7 and 10 CUP against the peso, confirming a sustained upward trend.
The most significant movement occurred after September 11, when currencies broke the relative stability of the previous days and soared within hours. Since then, the market has shown signs of consolidation, maintaining the reached values and testing a new psychological threshold that directly affects family finances.
This behavior reflects a lack of confidence in the national currency and the increasing pressure from the demand for foreign currency, both to supply consumption in dollarized stores and to cover remittances, travel, or international transactions.
The stability of the last two days does not signify real relief: rather, it suggests a pause in the escalation, with no signs that the peso can regain value in the short term.
Meanwhile, the gap between the official and informal markets continues to widen, highlighting the ineffectiveness of the monetary policies implemented by the government and forcing the population to resort to an increasingly expensive illegal circuit to meet their daily needs.
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