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, has notably decreased, falling from 476 to 441.26 CUP.
Exchange rate today 07/15/2026 - 7:05 a.m. in Cuba:
Exchange rate of the 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: 421.26 CUP.
According to the real-time monitoring by elToque, offers in the informal market fluctuate within wide ranges:
- the euro is between 720 and 800 CUP.
- the dollar ranges between 600 and 710 CUP.
-the MLC between 400 and 500 CUP.
What does the OMFi anticipate for the rest of July?
The Currency and Finance Observatory (OMFi) of elToque published its monthly bulletin with forecasts for July on July 9, and its projections continue to be crucial for understanding where the market may be headed.
Regarding 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 act 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 is rising in line with that forecast and is approaching the projected central value.
The MLC, however, is valued much lower than the estimated 520 CUP for this month.
The OMFi also noted that "the recent decline in foreign currency at the end of June was temporary" and that "the demand for dollars has regained strength against the supply," predicting that "the rebound in prices will continue in the coming days."
Regarding the reforms approved in June, the agency was unequivocal:
"The Cuban government is facing a credibility problem, so the real impact of the announced measures can only be assessed when they are translated into specific 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 reaches 10.5 dollars per month, and the more than 1.7 million retirees who receive 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 roughly 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 import of oil, remittances, travel, and investment by the diaspora."
Equivalence of United States Dollar (USD) bills to Cuban Peso (CUP), according to the exchange rates as of 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 banknotes (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.
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