Dollar and Euro Surge in Cuba's Informal Market

Cuba's informal currency market saw significant fluctuations on August 30, 2026, with both the US dollar and euro trending upward. The U.S. dollar closed at 676 Cuban pesos (CUP), a 1 peso increase from the previous day.

Over the past week, the dollar has gained 11 pesos from its previous level of 665 CUP, representing a 1.7% rise. When viewed over a 30-day period, the current rate is only 3.5 pesos higher than the 673 CUP observed a month ago.

The euro advanced more robustly, closing at 765 Cuban pesos (CUP), a 2.5 peso increase compared to the previous day. Over the week, the euro has risen 13 pesos from its prior level of 752 CUP, a 1.7% increase.

Despite being introduced as a more flexible exchange mechanism, Segment III's official rates remain far from those in the informal market and fail to meet the real demand for foreign currencies among the population.