The informal currency market in Cuba recorded a key movement this Sunday: the euro reached 565 Cuban pesos (CUP) and set a new historic high within the current exchange cycle.
The European currency thus breaks the barrier of 560 CUP, a level it had maintained steadily since mid-February.
Informal exchange rate in Cuba Sunday, February 22, 2026 - 06:00
- Exchange rate of the dollar (USD) to Cuban pesos CUP: 505 CUP
- Exchange rate of the euro (EUR) to Cuban pesos CUP: 565 CUP
- Exchange rate from (MLC) to Cuban pesos CUP: 400 CUP
The dollar, for its part, remains at 505 CUP, consolidating the record it broke days ago and confirming that the market has accepted this new level as normal. The Freely Convertible Currency (MLC) has dropped to 400 CUP, ten pesos less than the previous day.
Exchange Rate Evolution
The analysis of the euro's behavior over the past month reveals a gradually upward trajectory.
At the end of January, the currency was fluctuating around the lower range of 520 CUP, with moderate variations. During the first few days of February, it experienced occasional fluctuations, but it was from the second week of the month that it made a more significant jump, settling in the area of 550 CUP.
Since February 12, it had remained anchored at 560 CUP, in a plateau that seemed to reflect a temporary balance between supply and demand. However, the new upward movement confirms that this stability was transitory.
The graph from the last month shows a clear dynamic: staggered increases followed by brief consolidation phases. This is not about abrupt daily spikes, but rather progressive advances that continually redefine the market benchmark. The current jump fits into that pattern.
In practical terms, the euro's new peak amplifies the pressure on the Cuban peso and reinforces the perception of structural depreciation. Each new ceiling not only makes foreign currencies more expensive but also influences expectations: traders, informal importers, and families adjust prices and decisions in anticipation of further changes.
As the dollar consolidates its record and the euro breaks its own, the parallel market again shows that the underlying trend remains upward. The apparent calm of previous days has given way to a new milestone, confirming that exchange rate tension continues to dictate the pulse of everyday life on the island.
Filed under: