As of 8:00 PM local time in Cuba, the informal currency market wrapped up Sunday, August 2, 2026, with mixed results. The U.S. dollar remained unchanged, whereas the euro experienced a modest increase. Meanwhile, the MLC provided a provisional value that should be approached cautiously due to the limited volume of transactions recorded during this time.
The U.S. dollar closed the day at 673 Cuban pesos (CUP), showing no change from the previous session or from a week ago, when it also stood at 673 pesos. This currency continues to set the pace in the informal market amid a chronic shortage of foreign exchange. Notably, 30 days ago, the dollar was priced at 645 pesos, indicating a 28-peso difference compared to today. However, this monthly comparison might partially reflect methodological adjustments in the index, rather than pure market movements.
The euro finished the day at 788 CUP, marking a 3-peso increase compared to the previous day when it was at 785 pesos. Over the past week, this European currency is just one peso shy of the 789 pesos recorded seven days ago, indicating remarkable stability over that period. Thirty days ago, the euro was valued at 724 pesos. Similar to the dollar, this discrepancy could include methodological adjustments in the index, making it the priciest currency in Cuba's parallel market, surpassing the dollar by 115 pesos.
The MLC closed at around 479 CUP. However, this figure should be considered a guideline due to the low volume of transactions recorded. It rose by 4 pesos from the previous day when it stood at 475 pesos. On a weekly basis, it fell 11.5 pesos from the 491 noted seven days ago. Without physical existence, its use is limited to state-run stores that accept it, restricting its circulation compared to cash currencies.
The exchange rate for the U.S. dollar to CUP is 673 CUP. The euro stands at 788 CUP, and the MLC is valued at 479 CUP (indicative, with limited data). Over the last 30 days, the dollar has fluctuated between a low of 645 and a high of 675 pesos in the informal market. The euro has ranged from a low of 724 pesos to a high of 790 pesos. The MLC has shown greater volatility, with a range from 410 to 543 pesos, though the reliability of these figures is dependent on the low volume of trades.
The official exchange rate of the Central Bank of Cuba (Segment III) remains significantly lower than the practical values operating in the informal currency market, set at 615 CUP per dollar and 707 CUP per euro.
Although Segment III was introduced as a more flexible exchange mechanism, its official rate continues to fall short of meeting the actual demand for foreign exchange among the population.
In a scenario characterized by ongoing inflation, low state salaries, and the increasing partial dollarization of the economy, every shift in the informal market directly impacts domestic prices and the purchasing power of Cubans.
The CiberCuba Exchange Rate is an index of the Cuban informal market created through automated analysis of thousands of currency transaction posts in Telegram and Facebook groups. The calculation excludes atypical offers and spam messages, weighing each transaction according to its age and consolidating a representative value that is updated multiple times a day.
Equivalence of U.S. Dollar (USD) to Cuban Peso (CUP) — Sunday, August 2, 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
Equivalence of Euro (EUR) to Cuban Peso (CUP) — Sunday, August 2, 2026:
1 EUR = 788 CUP
5 EUR = 3,940 CUP
10 EUR = 7,880 CUP
20 EUR = 15,760 CUP
50 EUR = 39,400 CUP
100 EUR = 78,800 CUP
200 EUR = 157,600 CUP
Understanding Currency Dynamics in Cuba's Informal Market
Why is the U.S. dollar stable in Cuba's informal market?
The U.S. dollar remains stable due to consistent demand amidst a structural shortage of foreign exchange in Cuba, with no significant changes in its valuation over the past week.
How does the euro's value compare to the U.S. dollar in Cuba's market?
The euro is currently valued higher than the U.S. dollar in Cuba's informal market, closing at 788 CUP against the dollar's 673 CUP, reflecting its status as the most expensive currency in the parallel market.
What influences the MLC's volatility?
The MLC's volatility is influenced by its limited physical existence and use restricted to state-run stores, leading to a wide range of values due to the low volume of transactions.