Dollar and euro mark a historic week in the Cuban informal market

[El Presidente]

 

 

Dollar and euro mark a historic week in the Cuban informal market

The dollar is trading at 545 CUP, the euro at 625 CUP, and the MLC at 432.5 CUP in the Cuban informal market this Wednesday, according to elTOQUE.

 

The informal currency market in Cuba has been experiencing a recent series of consecutive records for the dollar and the euro against the Cuban peso, solidifying what analysts and monitoring platforms describe as a week of historic depreciation of the CUP.

According to data from elTOQUE, published this Wednesday at 06:49, the dollar is trading at 545 Cuban pesos (CUP), the euro at 625 CUP, and the MLC at 432.5 CUP.

 

Informal exchange rate in Cuba Wednesday, May 13, 2026 - 06:00

• Exchange rate of the dollar (USD) to Cuban pesos CUP: 545 CUP
• Exchange rate of the euro (EUR) to Cuban pesos CUP: 625 CUP
• Exchange rate from (MLC) to Cuban pesos CUP: 432.5 CUP

The dollar opened May at 535 CUP and has experienced an increase of 10 CUP in just two weeks, while the euro has shown an even more pronounced behavior: from 605 CUP on the first of May to the current 625 CUP, adding 20 CUP in the same period.

The euro broke the psychological barrier of 600 CUP for the first time on April 19, and since then it has continued to reach historical highs.

Exchange Rate Evolution

On an annual basis, the euro rose from approximately 350 CUP twelve months ago to the current 625 CUP, representing a depreciation of the Cuban peso of nearly 78% against that currency.

The MLC showed greater volatility during the week: it experienced a drop of 20 CUP last Wednesday, falling to 400 CUP, before recovering and closing around the current 432.5 CUP.

The sustained rise in foreign currencies reflects a structural economic crisis that has intensified so far in 2026.

https://en.cibercuba.com/noticias/2026-05-13-u1-e207888-s27061-nid329072-dolar-euro-encadenan-semana-historica-mercado

 

[JohnnyO]

The Euro for the longest time was only 5 CUP above the USD. But in the past few months it has taken off. At least the gasoline is holding at 4500 CUP/$8.25 liter. I bought it $8.65 last week.