The dollar stands firm while the euro rises: this is how the informal currency market closes in Cuba

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By CiberCuba Editorial Team

Friday, October 9, 2026 - 8:57 PM

The exchange rate in the informal market closes with the euro rising and the dollar stable (Image created with AI)Photo © ChatGPT

At 8:00 PM, local Cuban time, the informal currency market in Cuba concludes this Friday, October 9, with mixed behavior among its main currencies. shows that the US dollar ends unchanged compared to the previous day, remaining at 775 Cuban pesos, while the euro rises and reaches 872 pesos, gaining 4.5 pesos compared to yesterday's close.

The MLC, for its part, registers a reference value of 526 pesos, although available data is scarce and should be taken with caution.

The United States dollar (USD)

The U.S. dollar is quoted at 775 Cuban pesos (CUP) at the close of today's trading. It remains unchanged compared to the previous day, marking a week of slight downward correction: seven days ago, the average exchange rate was 780 pesos, which represents a decrease of 4.5 pesos (-0.6%) over the week.

On the monthly horizon, the dollar has risen by 87.5 pesos compared to 30 days ago, although this comparison may partially reflect methodological adjustments of the index. Over the past 30 days, the U.S. currency has fluctuated between a low of 688 and a high of 785 pesos in the informal market. It continues to dictate the pace of the informal market amid a context of structural currency scarcity.

The euro (EUR)

The euro closes higher and is trading at 872 Cuban pesos (CUP). This represents an increase of 4.5 pesos compared to the previous day, when it closed at 867 pesos. However, on a weekly comparison, it has decreased by 6.5 pesos from 878 a week ago (-0.7%).

Exchange Rate Evolution

In the last month, the euro has risen 94 pesos from 778 thirty days ago, although this variation should be interpreted cautiously as it may include methodological adjustments. The maximum in the last 30 days is at 885 pesos and the minimum at 778. It is asserted as the most expensive currency in the Cuban parallel market, surpassing the dollar by 97 pesos.

The MLC

The MLC reports a reference value of 526 Cuban pesos (CUP) at the close of this trading session. The available data during this time frame is scarce, so the figure should be taken with caution. Compared to the previous session, the reference rate has decreased by 51 pesos (-8.8%), although this variation largely reflects the limited sample of recorded transactions.

In the weekly comparison, it has risen by 40 pesos compared to the 486 from seven days ago. Without physical existence, its use is limited to the state-run businesses that accept it, which restricts its circulation compared to cash currencies.

Summary of informal market exchange rates — closing on October 9, 2026

Exchange rate of the dollar USD to CUP: 775 CUP.
Exchange rate of the euro EUR to CUP: 872 CUP.
Exchange rate from MLC to CUP: 526 CUP (indicative value, limited data).

The official exchange rate of the Central Bank of Cuba (Segment III) is 698 CUP per dollar and 782 CUP per euro, which remains well below the values that prevail in everyday practice in the informal currency market.

Although Segment III was introduced as a more flexible exchange mechanism, its official rate remains significantly distant from that of the informal market and fails to meet the real demand for foreign currency from the population. In the last month, the official dollar rate has increased from 649 to 698 CUP, while in the informal market the rate exceeds 775 pesos, a gap of more than 77 pesos per unit.

In a scenario of sustained inflation, low state salaries, and increasing partial dollarization of the economy, every change in the informal market directly impacts internal prices and the purchasing power of Cubans. The balance of this day confirms a scenario of relative stability at high levels, following the significant spike recorded in the last month.

The exchange rate from CiberCuba is an index of the informal Cuban market created from the automated analysis of thousands of currency trading 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.