At 10:00 a.m. local time in Havana, starts the week with increases in the value of the dollar and the euro, while the MLC declines.
The three reference currencies in the informal Cuban market start the day with quotes that keep the Cuban peso under pressure, amid a persistent shortage of foreign currency and without signs of an improvement in the short term.
Summary of informal market rates
- Exchange rate of the dollar USD to CUP: 678 CUP.
- Exchange rate of the euro EUR to CUP: 765 CUP.
- Exchange rate from MLC to CUP: 464 CUP (indicative value, limited data).
United States Dollar (USD)
The US dollar is quoted at 678 Cuban pesos (CUP) in the informal market. This represents an increase of 3 pesos compared to the previous day, when it was reported at 675 CUP.
In the past week, the greenback has risen by 12 pesos — a 1.8% increase — from the 666 CUP of seven days ago. Compared to 30 days ago, the exchange rate is up by 5 pesos, although it is advisable to take this comparison with caution.
Exchange Rate Evolution
In the last month, the dollar has fluctuated between a minimum of 663 CUP and the current maximum of 678 CUP, which marks the peak of this period. It continues to reflect the pulse of the informal market in a context of structural currency shortages.
Euro (EUR)
The euro is quoted at 765 Cuban pesos (CUP), which represents an increase of 2 pesos compared to the previous day, when it was reported at 763 CUP.
In the past week, the European currency has gained 10 pesos—an increase of 1.3%—compared to the 755 CUP from seven days ago. Over a 30-day horizon, the euro has decreased by 20 pesos from the reference of 785 CUP, although this variation may partly be attributed to methodological adjustments of the index.
The monthly range places the minimum at 746 CUP and the maximum at 788 CUP. It surpasses the dollar by 87 pesos, consolidating its dominant position in the Cuban parallel market.
MLC (Freely Convertible Currency)
The MLC stands at 464 Cuban pesos (CUP), although the available data during this time period is scarce. This represents a decrease of approximately 4.5 pesos compared to the previous day, when the reference was 468 CUP.
In the past week, the MLC has decreased by 5 pesos—a 1.1% drop—from the 469 CUP of seven days ago. Without physical existence, its use is limited to state-run businesses that accept it, which restricts its circulation compared to cash currencies.
The official exchange rate of the Central Bank of Cuba (Segment III), at 634 CUP per dollar and 735 CUP per euro, remains well below the values that apply in everyday practice in the informal currency market.
Segment III was introduced as a more flexible exchange mechanism, but its official rate remains far from that of the informal market. It fails to meet the actual demand for foreign currency from the population. The gap between both markets currently stands at 44 pesos for the dollar and 30 pesos for the euro.
In a context of sustained inflation, low state wages, and increasing partial dollarization of the economy, every fluctuation in the informal market directly affects internal prices and the purchasing power of Cubans.
The informal currency market in Cuba operates outside of state financial institutions, through networks of buying and selling between individuals. The Cuban regime does not officially recognize it, but it is the market that practically determines the real purchasing power of Cubans.
The Exchange Rate of CiberCuba is an index of the informal Cuban market created from the automated analysis of thousands of currency exchange advertisements 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 United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this Monday, August 31, 2026
- 1 USD = 678 CUP
- 5 USD = 3.390 CUP
- 10 USD = 6.780 CUP
- 20 USD = 13,560 CUP
- 50 USD = 33,900 CUP
- 100 USD = 67,800 CUP
Exchange rate of Euro (EUR) to Cuban Peso (CUP), according to the exchange rates on this Monday, August 31, 2026
- 1 EUR = 765 CUP
- 5 EUR = 3.825 CUP
- 10 EUR = 7.650 CUP
- 20 EUR = 15,300 CUP
- 50 EUR = 38,250 CUP
- 100 EUR = 76.500 CUP
- 200 EUR = 153,000 CUP
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