News on the exchange rate in Cuba: The currency market opens with mixed movements

People walking down a street in Cuba and a one hundred dollar bill and a fifty euro note (Reference image)Photo © CiberCuba/ChatGpt

begins this Wednesday, August 5, with mixed movements: one currency rises, another falls, and a third remains unchanged.

At 10:00 a.m. (local Cuban time), the euro opens with a slight increase and is trading at around 785 CUP, one notch above the previous day's close.

The dollar, on the other hand, maintains its position around 673 CUP.

Regarding the MLC, the available data is scarce and should be approached with caution: it suggests a decline to about 452 pesos compared to 482 yesterday.

With this start, the Cuban peso continues to show little resistance against major foreign currencies.

Summary of exchange rates

  • Exchange rate of the dollar USD to CUP: 673 CUP.
  • Exchange rate of the euro EUR to CUP: 785 CUP.
  • Exchange rate from MLC to CUP: 452 CUP (indicative value, few data).

The dollar remains unchanged

The US dollar is trading at 673 Cuban pesos (CUP) in the informal market, with a buying rate of 670 CUP and a selling rate of 675 CUP.

It remains unchanged compared to the previous day, and the same stability can be observed when looking back: seven days ago, the rate was identical.

Thirty days ago, it was also at 673 pesos, although this latest comparison may partly reflect methodological adjustments to the index.

In the last 30 days, the dollar has fluctuated between a minimum of 655 CUP and a maximum of 675 CUP. It continues to set the pace for the informal market amid a context of structural currency shortages.

The euro is gaining some ground

The euro opens this Wednesday at 785 Cuban pesos (CUP), with a buying rate of 780 CUP and a selling rate of 790 CUP.

This represents an increase of 1.5 pesos compared to the previous day, which corresponds to a rise of 0.2%.

In the weekly comparison, the exchange rate remains virtually the same as it was seven days ago (785 CUP), but when looking at the last month, the increase is more significant.

Thirty days ago, the euro was at 766 pesos, representing a gain of 19.5 pesos (+2.5%), although with the caution required by the potential influence of methodological adjustments in that comparison.

In the 30-day period, the euro has reached a low of 745 CUP and a high of 790 CUP.

It is stated as the most expensive currency in the Cuban parallel market, surpassing the dollar by 112 pesos.

The MLC, with guiding data and on the decline

The MLC is offering an indicative value of 452 Cuban pesos (CUP) this Wednesday, with a purchase rate of 439 CUP and a sale rate of 464 CUP.

The available data during this time frame is limited, so the figure should be taken with caution.

If confirmed, this would represent a drop of 30 pesos compared to the previous day (482 CUP) and a decline of 6.2%.

In the weekly comparison, the decrease is also significant: a week ago it was valued at 478 CUP, which indicates a drop of 26 pesos (-5.4%).

Thirty days ago, the MLC reached 512 pesos, although this difference may also reflect methodological changes in the index.

Without physical existence, its use is limited to the state-run businesses that accept it, which restricts its circulation compared to cash currencies.

    The gap with the official rate

    The official exchange rate of the Central Bank of Cuba (Segment III) is 615 CUP per dollar and 709 CUP per euro, remaining well below the values that prevail in everyday practice in the informal currency market.

    In the case of the dollar, the difference between the official price and the informal price exceeds 58 pesos; for the euro, the gap is nearly 76 pesos.

    Although Segment III was introduced as a more flexible exchange mechanism, its official rate remains far from the informal market and fails to meet the actual demand for foreign currency from the population.

    In the last month, the official dollar rate has risen from 585 to 615 CUP, and the euro from 670 to 709 CUP. However, this adjustment has not closed the gap with the parallel market.

    In a scenario of sustained inflation, low state wages, and increasing partial dollarization of the economy, every change in the informal market directly impacts internal prices and the purchasing power of Cubans.

    The gap between the official and informal exchange rates reflects the ongoing scarcity of foreign currency in the state banking system and the high demand for dollars and euros among the population, whether for emigration, importing goods, safeguarding savings, or making purchases in the private sector.

    Methodology

    The CiberCuba Exchange Rate is an index of the Cuban informal market derived from the automated analysis of thousands of currency exchange posts in Telegram and Facebook groups.

    The calculation excludes atypical offers and spam messages, weighs each transaction according to its age, and consolidates a representative value that is updated several times a day.

    Equivalence of US Dollar (USD) bills to Cuban Peso (CUP), according to the exchange rates of this Wednesday, August 5, 2026

    • 1 USD = 673 CUP.
    • 5 USD = 3,365 CUP.
    • 10 USD = 6,730 CUP.
    • 20 USD = 13,460 CUP.
    • 50 USD = 33,650 CUP.
    • 100 USD = 67,300 CUP.

    Exchange rate of Euro (EUR) to Cuban Peso (CUP), according to the rates from this Wednesday, August 5, 2026

    • 1 EUR = 785 CUP.
    • 5 EUR = 3.925 CUP.
    • 10 EUR = 7,850 CUP.
    • 20 EUR = 15,700 CUP.
    • 50 EUR = 39,250 CUP.
    • 100 EUR = 78,500 CUP.
    • 200 EUR = 157,000 CUP.

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    CiberCuba Editorial Team

    A team of journalists committed to reporting on Cuban current affairs and topics of global interest. At CiberCuba, we work to deliver truthful news and critical analysis.