The informal currency market in Cuba confirms this Saturday the trend reversal that began the previous day, with a new increase in the dollar and the euro after almost two weeks of stability.
According to the daily monitoring by the independent media elTOQUE, the US dollar (USD) is trading today at 518 Cuban pesos (CUP), which represents an increase of one peso since Friday and consolidates the break above the 515 CUP level that it remained at for 13 consecutive days.
Informal exchange rate in Cuba Saturday, April 4, 2026 - 06:30
- Exchange rate of the dollar (USD) to Cuban pesos CUP: 518 CUP
- Exchange rate of the euro (EUR) to Cuban pesos CUP: 585 CUP
- Exchange rate from (MLC) to Cuban pesos CUP: 390 CUP
The euro (EUR), for its part, is also experiencing movement after a prolonged stagnation and , five pesos above its previous value, which reinforces the upward pressure on strong currencies in the parallel market.
Exchange Rate Evolution
In contrast, the Freely Convertible Currency (MLC) exhibits a different behavior and drops to 390 CUP, confirming its volatility and its direct link to domestic consumption and the availability of products in state stores.
This new scenario marks the end of the so-called "high plateau" in which the market had stabilized over the past few weeks. The rise, although modest, suggests that the equilibrium achieved in recent days was fragile and depended on situational factors such as the limited purchasing power of the population and the lack of liquidity in pesos.
The reactivation of the dollar and the euro indicates a potential return of pressure on the Cuban peso, in an economic context marked by inflation, a scarcity of foreign currency, and the ongoing loss of purchasing power.
Moreover, the increase occurs against a backdrop of economic and political uncertainty that continues to influence market expectations. The demand for foreign currency as a safe haven remains high, especially given the lack of confidence in the national currency.
In this context, the informal market continues to serve as the real reference for the exchange rate in Cuba, while the Cuban peso shows signs of weakness against major foreign currencies.
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