The informal currency market in Cuba starts this Monday, April 6, 2026, with a new surge in the euro, rising to 588 Cuban pesos (CUP) and thus setting a new high in the parallel market.
The euro gains 3 pesos compared to the previous day, when it was trading at 585 CUP, further increasing its lead over the dollar, which remains stable at 520 CUP after recently reaching its own historic record.
Informal exchange rate in Cuba Monday, April 6, 2026 - 06:36
Exchange rate of the dollar (USD) to Cuban pesos CUP: 520 CUP
Exchange rate of the euro (EUR) to Cuban pesos CUP: 588 CUP
Exchange rate from (MLC) to Cuban pesos CUP: 395 CUP
The behavior of the euro confirms a sustained upward trend that has intensified in recent days, following the break from the stability phase that dominated the market for much of the second half of March.
Exchange Rate Evolution
In the case of the US dollar (USD), the currency remains unchanged for the second consecutive day, consolidating the level reached after breaching the 515 CUP barrier last week.
The second consecutive day with the greenback at 520 Cuban pesos confirms that the U.S. dollar remains in strong demand, although there are no immediate upward pressures.
For its part, the Freely Convertible Currency (MLC) remains at 395 CUP, with no significant changes, reinforcing its role as the most volatile currency dependent on domestic consumption.
The rise of the euro occurs in a context marked by the recent issuance of 2,000 and 5,000 peso bills by the Central Bank of Cuba (BCC), a measure that has been interpreted by the population as a clear sign of inflation and the devaluation of the Cuban peso.
This is compounded by the stagnation of the BCC's "floating rate", which keeps the official euro around 554 CUP, far below the value prevailing in the informal market. This growing gap reinforces the perception that the state exchange rate continues to not reflect the economic reality of the country.
In this scenario, the euro not only reinforces its position as the most expensive currency but also becomes a key indicator of exchange rate pressure on the island.
The rise to 588 CUP confirms that, rather than stabilizing, the informal market continues to adjust upwards, in an environment where the demand for foreign currency remains high and confidence in the Cuban peso continues to decline.
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