Although the euro has remained at its record value since last Monday, August 4, the currencies continue to move in the Cuban informal market, where the US dollar has been placed this Sunday in the 399 pesos (CUP), according to the rate of the independent medium the touch.
Speaking in baseball terms, so popular on the island, the dollar is about to reach the 400 mark, with which the great hitters are distinguished. This currency has progressively uploaded its exchange value since the beginning of 2025, after a descent at the end of last year.
Only six months ago, for example, the dollar was assessed in 340 CUP and since then it has been increasing until it almost reached the 400 CUP barrier. The euro reached that value on June 10 and it was expected that the US currency would follow the same channel, but its ascent has been slower.
However, with the upward trend that currencies have had in the informal market in recent weeks, it is likely that it will soon reach 400 CUP, which would mean a new historical level on the island.
For its part, the euro remains installed in the 445 CUP, its maximum record so far, although due to its progressive upward trend, that value could rise at any time.
The euro is still up in the informal market and is already quoted more than double the MLC
The other face of the currency is the MLC. The electronic currency has continued devaluing and has been in the 210 CUP for two consecutive days. This drop is less than half of the current value of the euro.
This setback has remained throughout 2025 – except a surprising rebound last February – driven by the redoubled government for dollarization in the country and the growing shortage of stores in that virtual currency.
And although the authorities have assured the electronic currency will remain operational on the island, analysts point out that its trend will be maintained down, in the midst of a context marked by an acute socioeconomic crisis, the chronicle lack of basic products and high inflation.
At the same time, experts predict that the dollar and the euro must maintain their upward trend, waiting for the entry into force of the new flexible exchange regime and confirmed by the government or other situations that could influence the behavior of the informal market.
