records a historic moment on Wednesday, October 28, 2026: the US dollar reaches 850 Cuban pesos for the first time, solidifying an upward trend.
At 10:00 a.m. (Cuban local time), the euro is also gaining ground and starts the day at around 936 pesos, while the Convertible Currency (MLC), with limited data and indicative value, hovers around 578 pesos.
The three currencies rise compared to the previous day, confirming the sustained pressure on the Cuban peso.
The arrival of the dollar at 850 pesos reflects the ongoing depreciation of the Cuban peso in the informal market.
Summary of informal market rates
- Exchange rate of the dollar USD to CUP: 850 CUP.
- Exchange rate of the euro EUR to CUP: 936 CUP.
- Exchange rate from MLC to CUP: 578 CUP (indicative value, limited data).
The dollar hits a new milestone: 850 pesos
The US dollar is trading today at 850 Cuban pesos (CUP) in the informal market, reaching an unprecedented level in monitoring this index.
Exchange Rate Evolution
This represents a increase of seven pesos compared to the previous session, when the exchange rate was at 843 CUP, according to data from the prior session.
The weekly and monthly perspective reinforces the magnitude of the movement: seven days ago, the dollar was trading at 818 CUP, representing a rise of 32 pesos in just one week (+3.9%).
In the 30-day outlook, the US dollar has gained 107 pesos compared to the 743 CUP recorded at the end of September, marking an increase of 14.4%. However, it is important to note that this comparison may partially reflect methodological adjustments to the index.
In the course of this month, the dollar has fluctuated between a low of 745 CUP and the current high of 850 CUP.
The rise of the dollar increases the amount of Cuban pesos needed to acquire the US currency in the informal market.
The euro reaches 936 pesos and also hits its highest point for the period
The euro is trading today at 936 Cuban pesos (CUP), its highest level recorded in the last 30 days.
This represents a increase of seven pesos compared to the previous day, when the exchange rate was around 929 CUP, according to data from the prior session.
In the last week, the euro has risen by 26 pesos from 910 CUP a week ago (+2.9%).
In the monthly outlook, the European currency has gained 89 pesos compared to the 847 CUP from 30 days ago (+10.5%), although this comparison should be approached with caution due to potential methodological adjustments.
The euro thus reaches its current peak of 936 CUP, after recording lower rates over the past month.
The European currency remains the most expensive of the three analyzed in the Cuban parallel market, surpassing the dollar by 86 pesos.
The MLC, indicative value: around 578 pesos
The MLC today is around 578 Cuban pesos (CUP), although this figure should be seen as a guideline as the source warns that there are few records available during this time frame.
This represents an increase of 14 pesos compared to the previous day, when the exchange rate was 564 CUP, according to data from the prior session.
In the last week, the MLC has risen by 32 pesos from 546 CUP seven days ago (+5.9%).
In the 30-day horizon, the digital currency has gained 45 pesos compared to the 533 CUP from a month ago (+8.4%), with the same methodological caution applicable to this comparison.
The range for the last month is particularly wide: between a minimum of 457 CUP and a maximum of 742 CUP, reflecting the volatility of its scarce records.
The gap between the informal market and the official rate
The official exchange rate of the Central Bank of Cuba (Segment III), at 754 CUP per dollar and 840 CUP per euro, remains below the values recorded in the informal currency market.
The distance between both markets today is 96 pesos for both the dollar and the euro, a gap that highlights the differences between the two exchange rates.
In the last month, the official exchange rate for the dollar has risen from 681 to 754 CUP, and the euro from 775 to 840 CUP. During this period, informal market rates have also increased.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates on this Wednesday, October 28, 2026
- 1 USD = 850 CUP.
- 5 USD = 4,250 CUP.
- 10 USD = 8,500 CUP.
- 20 USD = 17,000 CUP.
- 50 USD = 42,500 CUP.
- 100 USD = 85,000 CUP.
Exchange rate of Euro (EUR) to Cuban Peso (CUP), according to the exchange rates of this Wednesday, October 28, 2026
- 1 EUR = 936 CUP.
- 5 EUR = 4,680 CUP.
- 10 EUR = 9,360 CUP.
- 20 EUR = 18,720 CUP.
- 50 EUR = 46,800 CUP.
- 100 EUR = 93,600 CUP.
Methodology
The CiberCuba Exchange Rate is an index of the Cuban informal market created from the automated analysis of thousands of currency buying and selling posts in Telegram and Facebook groups.
The calculation dismisses atypical offers and spam messages, weighs each transaction according to its age, and consolidates a representative value that is updated multiple times a day.
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