The dollar rises to 675 pesos and the euro reaches 763 in the Cuban informal market

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By CiberCuba Editorial Team

Saturday, August 29, 2026 - 9:49 PM

The dollar reaches its highest point in the last 30 days todayPhoto © CiberCuba/ChatGPT

The informal currency market in Cuba closes this Saturday with a positive trend for the two main currencies. At 8:00 PM, local Cuban time, the US dollar ends at 675 Cuban pesos (CUP) and the euro at 763 CUP, both above the values recorded in the previous day.

The MLC, with limited available data and indicative value, slightly declines and stands at around 467 pesos. This data is part of compiled by CiberCuba.

The U.S. dollar is quoted at 675 Cuban pesos (CUP) at the close of this Saturday. Compared to the previous day, this represents an increase of 2.5 pesos, equivalent to a rise of 0.4%.

In the last week, the greenback has risen by 12 pesos from the average of 663 CUP it stood at seven days ago, representing a gain of 1.8%. Over the past month, the exchange rate has remained virtually at the same level, with only a slight increase of 2.5 pesos compared to the 673 CUP from 30 days ago, although this figure may reflect adjustments in the methodology of the index.

Exchange Rate Evolution

The dollar today marks its highest point in the last 30 days, during which it has fluctuated between a low of 663 and the current peak of 675 CUP. It continues to set the tone in the informal market amid a context of structural currency scarcity.

The euro closes at 763 Cuban pesos (CUP), representing an increase of five pesos compared to the 758 CUP from the previous session, a rise of 0.7%. Over the last week, the European currency has gained 12.5 pesos from the 750 CUP recorded seven days ago.

On the monthly horizon, the euro stands 22.5 pesos below the 785 CUP from 30 days ago, although this comparison should be approached with caution as it may reflect methodological adjustments of the index. In the last 30 days, the euro has fluctuated between a minimum of 746 and a maximum of 788 CUP. It exceeds the dollar by 88 pesos, consolidating its dominant position in the Cuban parallel market.

The MLC is valued at around 467 Cuban pesos (CUP), although this value should be taken as a guideline since the source records limited data during this time frame.

According to data from the previous session, the exchange rate was 470 CUP, which indicates a decrease of 3 pesos (-0.6%). From a weekly perspective, the MLC has experienced a significant increase of 49.5 pesos from the 417 CUP recorded seven days ago (+11.9%), although the monthly comparison shows a decline of 7.5 pesos compared to the 474 CUP from 30 days ago.

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

Exchange rate of the dollar USD to CUP: 675 CUP.
Exchange rate of the euro EUR to CUP: 763 CUP.
Exchange rate from MLC to CUP: 467 CUP (indicative value, limited data).

The official exchange rate of the Central Bank of Cuba (Segment III), at 636 CUP per dollar and 737 CUP per euro, remains far below the values that prevail in everyday practice in the informal currency market.

Although Segment III was introduced as a more flexible currency mechanism, its official rate remains very distant from that of the informal market and fails to meet the actual demand for foreign currency from the population. The gap between the official and informal rates now reaches 39 pesos for the dollar and 26 pesos for the euro.

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

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

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

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