The informal currency market in Cuba opens this Wednesday with movements in the three reference currencies.
The dollar rises by five pesos, from 655 to 660 CUP; the euro gains another five pesos and climbs from 755 to 760 CUP.
The freely convertible currency (MLC), for its part, declines significantly, dropping from 476 to 441.26 CUP.
Exchange rate today 07/15/2026 - 7:05 a.m. in Cuba:
Exchange rate of the dollar USD to CUP, according to elTOQUE: 660 CUP.
Exchange Rate Evolution
Exchange rate of the euro EUR to CUP, according to elTOQUE: 760 CUP.
Exchange rate from MLC to CUP, according to elTOQUE: 441.26 CUP.
According to real-time monitoring from elToque, offers in the informal market fluctuate within wide ranges:
- the euro between 720 and 800 CUP.
- the dollar between 600 and 710 CUP.
-the MLC between 400 and 500 CUP.
What does the OMFi expect for the remainder of July?
The Currency and Finance Observatory (OMFi) of elToque published its monthly bulletin with forecasts for July on July 9, and its projections remain crucial for understanding where the market may be headed.
About the dollar, the OMFi was clear: “The dollar will continue to gain value against the Cuban peso in the informal market during July 2026, with an estimated range of between 620 and 730 CUP.”
The agency also warned that "the 700 CUP per dollar zone will continue to serve as a resistance level during this month."
With the dollar at 660 CUP this Wednesday, the currency is within the expected range but still far from that resistance level.
For the euro, the forecast placed the rate “around 780 CUP, with a possible maximum of 820 CUP.”
With 760 CUP this Wednesday, the euro advances in line with that forecast and is nearing the projected central value.
The MLC, however, is trading well below the estimated 520 CUP for this month.
The OMFi also noted that "the recent drop in foreign currency at the end of June was temporary" and that "the demand for dollars has regained strength against the supply," anticipating that "the rebound in exchange rates will continue in the coming days."
Regarding the economic reforms approved by the regime in June, the organization was clear: “The Cuban government is facing a credibility problem, so the real impact of the announced measures can only be assessed when they translate into concrete decrees, regulations, and institutional changes.”
What these figures mean for Cubans
Behind every currency fluctuation lies a devastating reality for millions of families.
The minimum wage, set at 3,210 CUP since July 1, is equivalent to less than five dollars at the informal exchange rate.
The official average salary of 6,930 CUP barely amounts to 10.5 dollars per month, and the more than 1.7 million retirees receiving the minimum pension of 4,000 CUP get just over six dollars.
Independent economists estimate that meeting basic needs requires about 96,060 pesos per month, which is approximately 14 times the official average salary.
In six years, the Cuban peso has lost more than 95% of its value against the dollar: from 42 CUP in 2020 to 660 CUP this Wednesday.
The OMFi warned that internal reforms "will hardly be sufficient if they are not accompanied by some form of negotiation with the United States that allows for the easing of sanctions, facilitates external financing, the entry of oil, remittances, travel, and investment from the diaspora."
Equivalence of United States dollar (USD) bills to Cuban peso (CUP), according to the exchange rates of this July 15:
1 USD = 660 CUP.
5 USD = 3,300 CUP.
10 USD = 6,600 CUP.
20 USD = 13,200 CUP.
50 USD = 33,000 CUP.
100 USD = 66,000 CUP.
Equivalence of euro notes (EUR) to Cuban peso (CUP):
1 EUR = 760 CUP.
5 EUR = 3,800 CUP.
10 EUR = 7,600 CUP.
20 EUR = 15,200 CUP.
50 EUR = 38,000 CUP.
100 EUR = 76,000 CUP.
200 EUR = 152,000 CUP.
500 EUR = 380,000 CUP.
Filed under: