This Sunday, December 28, 2025, the informal currency market in Cuba exhibits a steady performance, with no significant changes in the main currencies against the Cuban peso (CUP) after several days of relative tranquility.
According to the latest references in the informal market, the exchange rates remain as follows:
U.S. Dollar (USD): 435 CUP
Euro (EUR): 480 CUP
Freely Convertible Currency (MLC): 400 CUP
The euro continues to hold the highest value, while the dollar remains above 430 Cuban pesos. Meanwhile, the MLC stays below the dollar, yet far from the official rate set by the State.
This Sunday's absence of dramatic shifts contrasts with recent weeks characterized by volatility. However, analysts caution that this stability is still precarious, given the context of currency shortages, persistent inflation, and a severely deteriorated domestic economy.
Despite the temporary calm, the informal market remains the primary reference point for the population, due to the limited official supply of foreign currencies and the restrictions imposed by the state banking system.
Understanding Cuba's Informal Currency Market
Why is the euro valued higher than other currencies in Cuba's informal market?
The euro's higher value in Cuba's informal market is due to various factors, including its demand among Cubans for travel and trade with Europe, and its relative stability compared to other currencies.
What causes the volatility in Cuba's informal currency market?
Volatility in Cuba's informal currency market is often driven by economic instability, a shortage of foreign currencies, and fluctuating demand and supply dynamics influenced by both internal and external economic conditions.