Surprise! The dollar and the euro take a step back in Cuba's informal currency market

Dollars and Cuban pesos (Reference image)Photo © CiberCuba

opens on this Monday, October 5, 2026, with declines in the two main currencies.

At 10:00 a.m. (Cuban local time), the US dollar and the euro lose ground compared to the previous day, while the freely convertible currency (MLC), with limited data available during this time frame, registers an indicative value of 562 CUP.

Summary of informal market rates

  • Exchange rate of the dollar USD to CUP: 773 CUP.
  • Exchange rate of the euro EUR to CUP: 875 CUP.
  • Exchange rate of MLC to CUP: 562 CUP (indicative value, limited data).

The dollar falls by 12 pesos compared to yesterday

The US dollar is quoted at 773 Cuban pesos (CUP) in the informal market, with a purchase rate of 760 CUP and a sale rate of 785 CUP.

This represents a drop of 12 pesos compared to the previous day, when the average value was 785 CUP.

Exchange Rate Evolution

On a weekly basis, the dollar has risen by 30 pesos compared to the 743 CUP it was at seven days ago, representing an increase of 4%.

In the monthly outlook, the price has gained 90 pesos from 683 CUP 30 days ago, an increase of 13.2%, although this comparison may partially reflect adjustments in the methodology of the index and not solely market movements.

In the last 30 days, the dollar has fluctuated between a low of 683 CUP and a high of 785 CUP.

The euro also declines, but remains at a higher exchange rate than the dollar

The euro is currently valued at 875 Cuban pesos (CUP), with a buying rate of 870 CUP and a selling rate of 880 CUP.

The drop of the European currency compared to the previous session is 10 pesos, from the 885 CUP recorded yesterday.

In the past week, the euro has risen by 28 pesos from 847 CUP seven days ago, an increase of 3.3%.

Compared to 30 days ago, when it was at 777 CUP, the increase is 98 pesos, a rise of 12.6%. However, this monthly variation should be interpreted cautiously due to potential methodological adjustments.

The euro has reached a high of 885 CUP and a low of 775 CUP in the last month.

Surpasses the dollar by 102 pesos, maintaining a clearly higher exchange rate in the Cuban parallel market.

The MLC rises, but its value is indicative

The MLC, which operates exclusively online, revolves around 562 Cuban pesos (CUP), with a purchase price at 464 CUP and a selling price at 660 CUP.

This value represents an increase of 87 pesos compared to the 475 CUP from the previous day, although the wide range between buying and selling prices reflects the scarcity of available references.

The data should be taken as a guide, as there are few operational records available during this time frame.

In the past week, the MLC has increased by 29 pesos from the 533 CUP it was at seven days ago.

In the last month, the increase is 111 pesos from 451 CUP, a 24.6%, although this monthly comparison may include methodological adjustments.

Without physical existence, its use is limited to the state-run businesses that accept it, which restricts its circulation compared to cash currencies.

The gap with the official rate, an abyss that remains unbridged

The official exchange rate of the Central Bank of Cuba (Segment III), set at 695 CUP per dollar and 783 CUP per euro, remains well below the values that prevail in everyday practice in the informal currency market.

The difference between the official and informal rates is 78 pesos for the dollar and 92 pesos for the euro.

Although Segment III was introduced as a more flexible currency 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.

In the last month, the official exchange rate for the dollar has risen from 640 to 695 CUP, and for the euro, from 744 to 783 CUP, a adjustment that has not managed to close the gap with the parallel market.

In a context of sustained inflation, low state wages, and a growing partial dollarization of the economy, every fluctuation in the informal market directly impacts internal prices and the purchasing power of Cubans.

Equivalence of United States dollar (USD) bills to Cuban peso (CUP), according to the exchange rates of this Monday, October 5, 2026

  • 1 USD = 773 CUP.
  • 5 USD = 3,865 CUP.
  • 10 USD = 7,730 CUP.
  • 20 USD = 15,460 CUP.
  • 50 USD = 38,650 CUP.
  • 100 USD = 77,300 CUP.

Equivalence of euro banknotes (EUR) to Cuban peso (CUP), based on the exchange rates this Monday, October 5, 2026

  • 1 EUR = 875 CUP.
  • 5 EUR = 4.375 CUP.
  • 10 EUR = 8,750 CUP.
  • 20 EUR = 17,500 CUP.
  • 50 EUR = 43,750 CUP.
  • 100 EUR = 87,500 CUP.
  • 200 EUR = 175,000 CUP.

Methodology

The Exchange Rate of CiberCuba is an index of the Cuban informal market compiled from the automated analysis of thousands of currency trading posts in Telegram and Facebook groups.

The calculation dismisses atypical offers and spam messages, weighs each transaction based on its age, and consolidates a representative value that updates several times a day.

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CiberCuba Editorial Team

A team of journalists committed to reporting on Cuban current affairs and topics of global interest. At CiberCuba, we work to deliver truthful news and critical analysis.

CiberCuba Editorial Team

A team of journalists committed to reporting on Cuban current affairs and topics of global interest. At CiberCuba, we work to deliver truthful news and critical analysis.