After a significant period during which the dollar had experienced successive price increases in Cuba, the U.S. currency saw a sudden drop in its value on the informal market at dawn this Wednesday.
In recent hours, the price of the dollar has fallen to 485 CUP, which is five pesos less than the 490 it reached last Friday.
The euro, for its part, remains steady at 540 CUP since October 23.
The MLC has remained at 200 CUP for several days now.
Exchange Rate Evolution
Exchange rate today 10/29/2025 - 8:06 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 485 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.
According to the October report from the Observatory of Currencies and Finances of Cuba (OMFi), in the remainder of the month, the dollar could even exceed 500 CUP.
However, just two days before the end of the month, the U.S. dollar has taken a step back, complicating the fulfillment of that forecast.
According to the same forecast from OMFi, the euro could reach 551 CUP; while the MLC would remain at around 215 CUP.
Equivalence of United States Dollar (USD) bills to Cuban Peso (CUP), according to the exchange rates as of October 29:
1 USD = 485 CUP.
5 USD = 2,425 CUP.
10 USD = 4,850 CUP.
20 USD = 9,700 CUP.
50 USD = 24,250 CUP.
100 USD = 48,500 CUP.
Equivalence of Euro (EUR) bills 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 with "the floating rate" announced since late 2024 by Prime Minister Manuel Marrero, who announced changes in order to attempt to close the gap between the official and informal value of currencies.
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