By 8:00 PM local time in Cuba, the informal currency market wrapped up this Friday, August 7, 2026, with the US dollar remaining stable and the euro losing ground. According to the market's exchange rates, the USD closed unchanged at 673 Cuban pesos (CUP), the EUR dropped by two pesos to 783 CUP, and the MLC hovered around 453 pesos, though this figure should be seen as approximate due to the low volume of transactions supporting it.
The American dollar was valued at 673 CUP at the end of the day. This rate shows no change from the previous day, holding steady from the rate recorded a week ago, indicating a short-term stability. Over the past month, the USD has risen slightly by 3 pesos from 670 CUP 30 days ago, although this may partly reflect methodological adjustments. Throughout the last month, the dollar has fluctuated between a low of 655 and a high of 675 pesos in the informal market, continuing to dictate the pace in a setting characterized by a chronic shortage of foreign currency.
The euro finished the day at 783 CUP, marking a decrease of 2 pesos compared to the previous day when it was 785 CUP. The European currency also fell by 2 pesos from its value a week ago. However, over the past month, the euro has gained 25.5 pesos from 758 CUP 30 days ago, an increase of 3.4%, though this comparison should be considered cautiously as it might include methodological adjustments. In the last 30 days, the euro has reached a peak of 790 and a low of 745 pesos. It maintains its dominance over the dollar by a margin of 110 pesos in Cuba's parallel market.
The MLC closed at approximately 453 CUP, up by 4 pesos from the previous session. Yet, this figure should be treated cautiously: the digital currency's value is often reported with limited data at this time, making it a rough estimate. On a weekly comparison, the MLC has decreased by 18.5 pesos from 471 CUP a week ago. Without a physical form, its usage is restricted to state stores that accept it, limiting its circulation relative to cash currencies.
Current Exchange Rates: USD to CUP: 673 CUP, EUR to CUP: 783 CUP, MLC to CUP: 453 CUP (approximate value, limited data). The official exchange rate from the Central Bank of Cuba (Segment III) remains significantly lower at 618 CUP per dollar and 713 CUP per euro, substantially below the values observed in the informal currency market. The gap between the official and informal rates reaches 55 pesos for the dollar and 70 pesos for the euro.
Despite Segment III being introduced as a more flexible exchange mechanism, its official rate continues to lag far behind the informal market, failing to meet the real currency demand of the populace. Over the past month, the official rate for the dollar has climbed from 589 to 618 CUP, and for the euro from 672 to 713 CUP, indicating a gradual devaluation that still does not close the gap with the parallel market.
In a context of persistent inflation, low state salaries, and increasing partial dollarization of the economy, every fluctuation in the informal market directly affects internal prices and the purchasing power of Cubans.
The CiberCuba Exchange Rate is an index of the Cuban informal market, developed from the automated analysis of thousands of currency trading posts in Telegram and Facebook groups. The calculation excludes atypical offers and spam messages, weighting each transaction by its recency and consolidating a representative value that updates several times daily.
USD to CUP Conversion Rates as of Friday, August 7, 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. EUR to CUP Conversion Rates: 1 EUR = 783 CUP, 5 EUR = 3,915 CUP, 10 EUR = 7,830 CUP, 20 EUR = 15,660 CUP, 50 EUR = 39,150 CUP, 100 EUR = 78,300 CUP, 200 EUR = 156,600 CUP.
Understanding Cuba's Informal Currency Market
What is the current exchange rate of the US dollar in Cuba's informal market?
As of August 7, 2026, the US dollar is exchanged at 673 Cuban pesos (CUP) in the informal market.
How does the euro compare to the US dollar in Cuba's parallel market?
In Cuba's parallel market, the euro is valued higher than the US dollar, trading at 783 CUP compared to the dollar's 673 CUP.
Why is there a gap between official and informal exchange rates in Cuba?
The gap exists because the official rates do not reflect the real demand and supply dynamics of foreign currencies in Cuba, leading to higher rates in the informal market.
What is the MLC in Cuba's currency market?
The MLC is a digital currency used in Cuba, primarily accepted in state-run stores, and often has limited data available for its exchange rate.