The dollar skyrockets to 780 CUP and the euro climbs to 878 CUP in Cuba

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By CiberCuba Editorial Team

Friday, October 2, 2026 - 10:11 PM

Dollar and euro accelerate their rise in Cuba, leaving the official rate behindPhoto © CiberCuba/ChatGPT

At 8:00 PM, Cuban local time, the informal currency market in Cuba concludes the day this Friday, October 2, 2026, with the dollar and the euro on the rise. The US dollar ends the day at 780 CUP, the euro climbs to 878 CUP, and the MLC, with low trading volume, is around 486 CUP at a value that should be considered as a reference.

These are the data for at the end of this session.

The US dollar is quoted at 780 CUP at the close of today's trading. This is an increase of 9.5 CUP compared to the previous trading day, when it closed at 770 CUP. The rise continues: in the past week, the dollar has increased by 47 CUP, a 6.4% increase from seven days ago, when it was at 733 CUP.

Compared to 30 days ago, the difference amounts to 102 CUP, although this comparison may partly reflect adjustments in the methodology of the index. The greenback also reached its peak for the last 30 days in this session, at 780 CUP, compared to a low of 678 CUP during the same period. It continues to set the tone of the informal market amid a context of structural currency shortages.

Exchange Rate Evolution

The euro closes at 878 CUP, which represents an increase of eight CUP compared to the previous day, when the last session recorded 870 CUP. In weekly terms, the European currency has accumulated a rise of 42.5 CUP, equivalent to a 5.1% gain compared to the 836 CUP from seven days ago.

In the monthly outlook, the euro has risen by 108 CUP from 770 CUP 30 days ago, although this figure should be interpreted cautiously due to potential methodological adjustments. The euro also reaches its highest point in the last 30 days during this session, at 878 CUP, surpassing the dollar by 98 CUP, thus solidifying its dominant position in the Cuban parallel market.

The MLC is positioned around 486 CUP, a figure that should be considered as indicative due to the low volume of operations recorded during this time period. This represents a drop of 20 CUP compared to the 506 CUP from the previous day.

In the last week, it has decreased by six CUP compared to the 492 CUP from seven days ago. Due to its lack of physical existence, its use is limited to state-run businesses that accept it, which restricts its circulation compared to cash foreign currencies.

Exchange rate of the dollar USD to CUP: 780 CUP.
Exchange rate of the euro EUR to CUP: 878 CUP.
Exchange rate from MLC to CUP: 486 CUP (indicative value).

The official exchange rate of the Central Bank of Cuba (Segment III), set on October 2 at 693 CUP per dollar and 778 CUP per euro, remains significantly lower than the values that prevail in everyday practice in the informal currency market. The gap between the official dollar rate and the informal rate exceeds 87 CUP; in the case of the euro, the difference approaches 100 CUP.

Although Segment III was presented as a more flexible exchange mechanism, its official rate remains significantly distant from that of the informal market and fails to meet the actual demand for foreign currency from the population. In the last month, the official dollar rose from 638 to 693 CUP and the official euro from 739 to 778 CUP, a gradual devaluation that, however, does not keep pace with the rate at which the peso depreciates in the parallel market.

In a scenario of sustained inflation, low state salaries, and increasing partial dollarization of the economy, every variation in the informal market directly impacts internal prices and the purchasing power of Cubans. The closing this Friday, with the dollar at 780 CUP and the euro at 878, illustrates a trend that shows no signs of reversing in the short term.

The Exchange Rate from CiberCuba 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 disregards atypical offers and spam messages, weighs each transaction based on its age, and consolidates a representative value that is updated several times a day.