The informal currency market in Cuba began the week with a new increase, in a context marked by the ongoing depreciation of the Cuban peso.
This Monday, September 15, 2025, the United States dollar (USD) remained at 420 Cuban pesos (CUP), the euro (EUR) held steady at 475 CUP, while the Freely Convertible Currency (MLC) rose to 205 CUP, consolidating its upward trend of recent days.
Informal exchange rate in Cuba Monday, September 15, 2025 - 05:00
- 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 of (MLC) to Cuban pesos CUP: 205 CUP
The most relevant piece of information today is the increase in the MLC, which breaks the barrier of 200 CUP reached over the weekend and rises five pesos above it.
Exchange Rate Evolution
The graph from the last six months shows that the MLC underwent a prolonged period of depreciation between March and the end of August 2025, dropping from values close to 275 CUP to a low of around 190 CUP.
The decline was sustained, with more pronounced drops starting in June, reflecting a prolonged setback in market confidence. However, since the beginning of September, a trend change has been observed, with a gradual recovery that has led the MLC to stabilize once again around 200 CUP.
This moderate uptick suggests that the currency is beginning to gain ground after months of losses, in a context of increasing pressure on the domestic economy and of steady increases in other currencies such as the dollar and the euro.
On the other hand, the dollar and the euro remain at the same levels as this Sunday, following an increase that brought the former from 411 CUP to 420 CUP, and the latter from 460 to 475 CUP in just seven days, experiencing their last rise the previous day, of five pesos.
The fact that both currencies remain stable at their historic highs confirms that the market has found new reference ceilings, at least temporarily.
The Cuban peso, for its part, continues to lose ground on all fronts. The apparent stability of the dollar and the euro is not a sign of recovery, but rather the result of a market that is probing for new balances amid a lack of confidence and economic uncertainty.
With the increase in MLC, the possibility arises for other currencies to regain momentum in the coming days, which predicts further pressure on the economy of Cuban households.
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