The informal currency market in Cuba opened this Sunday, September 14, 2025, with a new upward trend in the euro, which rose to 475 Cuban pesos (CUP), five more than the previous day, establishing itself as the most expensive currency in the black market.
Meanwhile, the US dollar (USD) remained at 420 CUP and the freely convertible currency (MLC) stayed stable at 200 CUP.
Informal exchange rate in Cuba Sunday, September 14, 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: 475 CUP
- Exchange rate from (MLC) to Cuban pesos CUP: 200 CUP
This "rise" of the euro confirms the trend observed over the past week, during which all currencies gained ground against the Cuban peso, albeit with different dynamics.
Exchange Rate Evolution
The dollar quickly reached a ceiling of 420 CUP and has remained at that level since September 12, while the MLC, after rising from 193 to 200 CUP in just seven days, has also stabilized at that threshold.
The euro, on the other hand, continued to climb in value. From 460 CUP last Saturday, it rose to 470 on Friday, and this Sunday it opened at 475 CUP, representing a gain of 15 pesos in just one week.
The upward trend of the euro has led it to reach new historical highs, positioning itself 55 CUP above the dollar, an unprecedented gap that enhances its appeal among those engaged in international transactions or receiving remittances from Europe.
The erratic behavior of the currencies highlights two complementary dynamics: on one hand, the consolidation of the dollar and the MLC around round figures that act as psychological ceilings; on the other, the rise of the euro, which reflects growing demand and increasing pressure on the Cuban peso.
This scenario confirms the continued loss of value of the CUP and its inability to regain ground, despite official measures.
The population, forced to turn to the black market to meet basic needs or access dollar-indexed goods, is facing an increasingly adverse scenario, with the euro skyrocketing and the dollar, although stable, now reaching levels that are unattainable for many salaries on the island.
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