The informal currency market in Cuba opened this Friday with widespread declines in the three reference currencies.
According to the monitoring by the independent media elToque, the dollar has decreased by 10 pesos and is now at 670 CUP.
In the case of the euro, the European currency saw a more modest decline: it dropped two pesos to 758 CUP.
The Freely Convertible Currency (MLC), however, is experiencing the sharpest decline as it plummets 42 pesos at once, falling to 448 CUP.
Exchange Rate Evolution
Exchange rate today 10/07/2026 - 8:05 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 670 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 758 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 448 CUP.
This downturn contrasts with the stability that the market showed on Thursday, when no changes were recorded: the dollar remained at 680 CUP for the third consecutive day, the euro was priced at 760 CUP, and the MLC was at 490 CUP.
The dollar and the euro: Moderate declines
The US dollar has been experiencing weeks of extreme volatility.
After hitting a historic high of 695 CUP on June 21, the dollar corrected to 605 CUP by the end of that month, but began to rise again from July 1 until it stabilized at 680 CUP between July 7 and July 9.
This Friday, it drops 10 pesos from that level and returns to 670 CUP, the same rate recorded on July 6.
The euro, which reached 800 CUP on June 21, in another unprecedented record, has been gradually correcting since then.
Last Tuesday, it fell by five pesos to 760 CUP, and this Friday, it has dropped another two pesos to 758 CUP.
176 measures and a market that doesn't settle down
All this turbulence is framed within the package of 176 economic measures approved on June 19, the most ambitious since the Special Period, which includes, for the first time since 1959, the authorization of private banking, private exchange houses, and a real-time digital currency market.
Far from stabilizing the market, the announcement triggered an unprecedented escalation: the dollar and the euro reached historic highs just 48 hours after the approval of the package.
Historically, the Cuban peso has lost more than 95% of its value against the dollar in just six years: from 42 CUP in 2020 to the current levels.
Permanent correction or temporary pause?
Independent economists warn that there are no reasons for a sustained change in trend.
"As long as those conditions do not change—real scarcity of foreign currency, triple-digit inflation, fiscal deficit, and distrust in the Cuban peso—the rate will end up rising again," say analysts who have closely followed the evolution of the informal market in recent weeks.
The coming days will be crucial in determining whether the declines from this Friday signify the beginning of a broader correction or if the market resumes the upward pressure that has dominated July.
Equivalence of United States Dollar (USD) Bills to Cuban Peso (CUP), according to the exchange rates of July 10th:
1 USD = 670 CUP.
5 USD = 3,350 CUP.
10 USD = 6,700 CUP.
20 USD = 13,400 CUP.
50 USD = 33,500 CUP.
100 USD = 67,000 CUP.
Equivalence of Euro banknotes (EUR) to Cuban Peso (CUP):
1 EUR = 758 CUP.
5 EUR = 3,790 CUP.
10 EUR = 7,580 CUP.
20 EUR = 15,160 CUP.
50 EUR = 37,900 CUP.
100 EUR = 75,800 CUP.
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