opens this Tuesday, July 28, with mixed signals: at 10:00 a.m. (Cuban local time), the dollar shows a slight decline, the euro remains unchanged, and the MLC loses ground compared to the previous day.
The session begins with a certain calmness, although the three currencies have recorded significant gains compared to levels from a week and a month ago.
This is how the dollar opens in the informal Cuban market
The US dollar is quoted at 673 Cuban pesos (CUP) in the informal market, with a buying price around 670 CUP and a selling price of 675 CUP.
This represents a decline of 1 peso compared to the previous day, when the average value was 674 CUP. In a weekly perspective, the greenback has risen by 5.5 pesos from the 667 CUP of seven days ago, which translates to an increase of 0.8%.
Compared to 30 days ago, the quotation has risen by 57.5 pesos, an increase of 9.3%. However, it is advisable to take this comparison with caution, as it may partly reflect methodological adjustments to the index.
In the last 30 days, the dollar has fluctuated between a low of 610 CUP and a high of 675 CUP. It continues to set the pace for the informal market in a context of structural foreign currency shortages.
The euro maintains its strength
The euro opens the day at 788 Cuban pesos (CUP), with a buying range at 780 CUP and selling at 795 CUP.
It remains unchanged from the previous session, when it also closed at 788 CUP.
In the last week, however, the European currency has increased by 17 pesos, a rise of 2.2% compared to the 771 CUP from seven days ago.
At 30 days, the profit amounts to 87.5 pesos (+12.5%), although this figure may also include methodological adjustments to the index.
The maximum in the last 30 days is 790 CUP and the minimum is 688 CUP. It surpasses the dollar by 115 pesos, solidifying its dominant position in the Cuban parallel market.
The MLC declines, but remains above last week
The MLC is around 485 Cuban pesos (CUP), with a purchase price of 430 CUP and a selling price of 539 CUP.
This value should be taken as indicative, given the limited volume of operations supporting it during this time period.
Regarding the previous day, the MLC decreased by 9.5 pesos, a decline of 1.9% compared to the 494 CUP recorded yesterday.
In the last week, however, it has gained 43.5 pesos (+9.9%), and in the past month, it has accumulated an increase of 58 pesos (+13.6%), with the same methodological reservations that apply to other currencies.
Without a physical existence, its use is limited to the state-run businesses that accept it, which restricts its circulation compared to cash currencies.
- Exchange rate of the dollar USD to CUP: 673 CUP.
- Exchange rate of the euro EUR to CUP: 788 CUP.
- Exchange rate from MLC to CUP: 485 CUP (indicative value, few data).
The gap with the official exchange rate continues to widen
The official exchange rate of the Central Bank of Cuba (Segment III) is 601 CUP per dollar and 684 CUP per euro, remaining well below the rates that apply in everyday practice in the informal currency market.
The gap between the official and informal rates exceeds 72 pesos in the case of the dollar and 104 pesos in the case of the euro, a disparity that illustrates the disconnect between the formal economy and the everyday reality of Cubans.
Although Segment III was introduced as a more flexible exchange mechanism, its official rate remains far from that of the informal market and fails to meet the actual demand for foreign currency from the population.
So far this month, the official dollar has risen from 589 to 601 CUP, while in the informal market the exchange rate hovers around 673 CUP, a difference that Cubans have to bear every time they need to access foreign currency outside the state banking system.
The pressure on the Cuban peso continues
In an environment of sustained inflation, low state wages, and increasing partial dollarization of the economy, every fluctuation in the informal market directly affects internal prices and the purchasing power of Cubans.
The dollar's decline at the opening this Tuesday provides minimal relief, but the accumulated trend over the last month -with increases ranging from 9% to 13% in the three currencies- reflects the structural pressure that continues to erode the purchasing power of the Cuban peso.
The gap between the official and informal exchange rates reflects the ongoing shortage of foreign currency in the state banking system and the high demand for dollars and euros among the population, whether for emigration, importing goods, protecting savings, or making purchases in the private sector.
How is the Exchange Rate of CiberCuba calculated?
The CiberCuba Exchange Rate is an index of the informal Cuban market, created through the automated analysis of thousands of currency exchange posts in Telegram and Facebook groups.
The calculation discounts atypical offers and spam messages, weighs each transaction based on its age, and consolidates a representative value that is updated several times a day.
Equivalence of United States dollar (USD) bills to Cuban peso (CUP), based on the exchange rates for this Tuesday, July 28, 2026
- 1 USD = 673 CUP.
- 5 USD = 3.365 CUP.
- 10 USD = 6.730 CUP.
- 20 USD = 13,460 CUP.
- 50 USD = 33,650 CUP.
- 100 USD = 67,300 CUP.
Equivalence of euro banknotes (EUR) to Cuban peso (CUP), according to exchange rates on this Tuesday, July 28, 2026
- 1 EUR = 788 CUP.
- 5 EUR = 3.940 CUP.
- 10 EUR = 7.880 CUP.
- 20 EUR = 15.760 CUP.
- 50 EUR = 39,400 CUP.
- 100 EUR = 78,800 CUP.
- 200 EUR = 157,600 CUP.
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