For the second consecutive day, the price of the dollar has dropped in the informal Cuban market, according to the report published this October 30 by the independent media elTOQUE.
At dawn this Thursday, the U.S. dollar drops to 480 CUP per unit, five pesos less than its value on the previous day, when it had also decreased by another five pesos.
Unlike the sudden decline in value of the US dollar, the euro has remained steady at 540 CUP since October 23.
In the case of the MLC, the virtual currency with which the regime operates has been holding at 200 CUP for several days now.
Exchange Rate Evolution
After several weeks of a sustained rise in the price of the dollar, the U.S. currency seems set to close the month without reaching the 500 pesos threshold that the OMFi had predicted in its October report.
According to the same forecast from OMFi, the euro could reach 551 CUP, while the MLC would remain at around 215 CUP.
Exchange rate today 30/10/2025 - 6:41 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 480 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 540 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 200 CUP.
The dollar drops for the first time in over five months
For over five months, the dollar had been experiencing a sustained increase in price in the informal market.
One has to go back to May to find the closest date when the value of the US dollar decreased.
Additionally, the dollar surged by 51 euros just in the month of October. On September 30, it was valued at 439 CUP and reached 490 CUP on October 24.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates as of this October 30:
1 USD = 480 CUP.
5 USD = 2,400 CUP.
10 USD = 4,800 CUP.
20 USD = 9,600 CUP.
50 USD = 24,000 CUP.
100 USD = 48,000 CUP.
Equivalence of Euro (EUR) banknotes to Cuban Peso (CUP):
1 EUR: 540.
5 EUR = 2,700 CUP.
10 EUR = 5,400 CUP.
20 EUR = 10,800 CUP.
50 EUR = 27,000 CUP.
100 EUR = 54,000 CUP.
200 EUR = 108,000 CUP.
500 EUR = 270,000 CUP.
Meanwhile, it remains unknown what happened to "the floating rate" announced since late 2024 by Prime Minister Manuel Marrero, who announced changes in order to try to narrow the gap between the official and informal values of currencies.
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