Pararge xiphia, the Madeiran speckled wood, is a butterfly of the family Nymphalidae. It is found on the island of Madeira. It is considered as endangered due to competition from a related butterfly Pararge aegeria.
The wingspan is . Adults are on the wing year round.
The larvae feed on various plants, including Brachypodium sylvaticum, Holcus lanatus and Agrostis gigantea.