The informal currency market in Cuba opens this Saturday without changes compared to the previous day, but with a clear signal: the dollar consolidates the new level reached after breaking the 500 Cuban pesos (CUP) barrier.
According to the reference rate published by the independent outlet elTOQUE, the US dollar (USD) remains at 505 CUP, the euro (EUR) continues at 560 CUP, and the Freely Convertible Currency (MLC) stays at 410 CUP.
Informal exchange rate in Cuba Saturday, February 21, 2026 - 06:06
- Exchange rate of the dollar (USD) to Cuban pesos CUP: 505 CUP
- Exchange rate of the euro (EUR) to Cuban pesos CUP: 560 CUP
- Exchange rate of (MLC) to Cuban pesos CUP: 410 CUP
The stability at 505 CUP confirms that the increase recorded on Friday was not an isolated movement. After being anchored at 500 CUP for ten consecutive days, the dollar jumped five pesos and is now holding at this new threshold without any immediate retreat.
Exchange Rate Evolution
The behavior reinforces the hypothesis of a reactivation of buying pressure in the parallel market. Although the increase has been moderate, the consolidation at a higher level suggests that the market is once again redefining the value of the Cuban peso.
The euro, for its part, continues at its recent maximum of 560 CUP, solidifying its position as the most expensive currency on the island. The European currency has not followed the upward movement of the dollar in the last 48 hours, but it remains in the highest range of the current currency exchange cycle.
The MLC confirms its pattern of contained fluctuations. After weeks of fluctuating between 400 and 420 CUP, today it holds at 410 CUP, without dragging down the rest of the market.
The situation is taking place against an economic backdrop marked by persistent inflation, a shortage of foreign currency, and the limited capacity of the state banking system to meet demand.
The gap with the so-called floating rate of the Central Bank remains wide, which keeps the informal market as the main barometer of the real economy.
For now, the dollar is not correcting and the euro is not retreating. The market shows no signs of panic, but also no signs of relief. The stability at 505 CUP could indicate the onset of a new bullish phase or the consolidation of a higher tier within a depreciation process that continues to advance without clear pauses.
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