The US dollar reached 660 Cuban pesos (CUP) in the informal market on the island this Sunday, while the euro reached 760 CUP and the MLC remained at 440 CUP, according to monitoring at 06:00 on June 14.
The figures represent a new historical high for both currencies: the dollar has increased by five CUP compared to Saturday, when the currencies again reached their highs at 655 CUP, and the euro has risen by ten CUP from the 750 CUP from the previous day.
Informal exchange rate in Cuba Sunday, June 14, 2026 - 06:00
Exchange rate of the dollar (USD) to Cuban pesos CUP: 660 CUP
Exchange rate of the euro (EUR) to Cuban pesos CUP: 760 CUP
Exchange rate from (MLC) to Cuban pesos CUP: 440 CUP
The most striking aspect of this day is not just the increase, but the widening gap between the two main currencies: the difference between the euro and the dollar is now 100 CUP, compared to 95 CUP on Saturday, indicating that the demand for euros is growing at a proportionally faster rate than that of the dollar.
The weekly perspective reveals the magnitude of the escalation. The dollar began June at 585 CUP, exceeded the 600 CUP barrier for the first time on the third, and since then it has not stopped: 610 CUP on the fifth, 625 on the eighth, 635 on the tenth, 640 on the eleventh, 650 on the twelfth, 655 on the thirteenth, and 660 this Sunday.
Exchange Rate Evolution
In just 14 days, the dollar has accumulated a rise of 75 CUP, which corresponds to an increase of over 12% in two weeks.
The euro followed a similar but even more accelerated trajectory in relative terms: from 690 CUP on the fifth day to 760 CUP this Sunday, a gain of 70 CUP in nine days.
The MLC, in contrast, remains stable at 440 CUP for several consecutive days, which contrasts with the volatility of the dollar and the euro and suggests a differentiated demand dynamic in the informal market.
The speed of this depreciation even exceeds the most pessimistic scenarios projected by analysts. The Currency and Finance Observatory (OMFi) of elTOQUE had forecasted at the beginning of June a maximum scenario of 650 CUP per dollar to close the month; that figure was surpassed on the 12th, with more than two weeks still ahead.
Behind this dynamic are structural causes that feed back into each other. Tourism —the island's main source of foreign currency— plummeted by 55.8% year-on-year between January and April 2026, with only 328,608 visitors.
This is compounded by a severe energy crisis with prolonged blackouts and fuel shortages that paralyze production, the issuance of 2,000 and 5,000 peso bills without productive backing, and an annual inflation rate of 14.73%.
The gap between the official rate of the Central Bank of Cuba and the informal rate remains significant, which reinforces the distortion in the exchange market and the lack of trust in the Cuban peso.
With June just halfway through and no signs that the regime has effective tools to halt the decline of the peso, analysts do not rule out the possibility that the dollar will reach 700 CUP before the end of the month.
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