At 8:00 PM, local Cuban time, the closes on Saturday, October 31 with the dollar and euro on the rise. The day ends with sustained pressure on the Cuban peso: the US dollar reaches 890 pesos, the euro exceeds 970, and the MLC, with limited data, hovers around 566 pesos, a value that should be taken as indicative.
The U.S. dollar is trading at 890 Cuban pesos (CUP) at the close of this session. This represents an increase of 12.5 pesos compared to the previous day, when the currency closed at 878 CUP. The upward trend is also confirmed on the weekly horizon: a week ago, the dollar was at 834 pesos, marking a rise of 56 pesos in the last week, equivalent to an increase of 6.7%.
In the monthly total, the US dollar has gained 120 pesos since it was 770 CUP 30 days ago, although it's worth noting that part of this variation may reflect adjustments in the methodology of the index and not solely market movement. The dollar also hits its highest point in the last 30 days precisely in this session, at 890 CUP. It continues to dictate the trend of the informal market in a context of structural currency shortages.
The euro is trading at 970 Cuban pesos (CUP) as of this Saturday's close. The community currency has risen by 13.5 pesos compared to the previous day, when it closed at 956 CUP. In weekly terms, the euro has climbed 44.5 pesos from the 925 CUP it was at seven days ago, an increase of 4.8%.
Compared to 30 days ago, when it was at 870 pesos, it has gained 99.5 pesos; although, similar to the case with the dollar, part of this variation may be due to methodological adjustments of the index. The euro also reaches its highest point in the last 30 days in this session, at 970 CUP. It surpasses the dollar by 80 pesos, consolidating its dominant position in the Cuban parallel market.
Exchange Rate Evolution
The MLC is quoted at around 566 Cuban Pesos (CUP), although this value should be taken as merely indicative due to the limited volume of data available during this time frame. Compared to the previous day, when it was at 540 CUP, it shows an increase of 26 pesos.
In the weekly comparison, however, it has fallen by 19 pesos from the 585 CUP of 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 foreign currencies.
- Exchange rate of the dollar USD to CUP: 890 CUP.
- Exchange rate of the euro EUR to CUP: 970 CUP.
- Exchange rate of MLC to CUP: 566 CUP (indicative value, limited data).
The official exchange rate of the Central Bank of Cuba (Segment III) remains at 768 CUP per dollar and 857 CUP per euro, well below the values that prevail in everyday practice in the informal currency market. The gap between the official and the informal rates reaches 122 pesos for the dollar and 113 pesos for the euro at this close.
Although Segment III was presented 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 among the population. Throughout October, the official dollar rose from 689 to 768 CUP and the official euro from 781 to 857 CUP, a spike that, despite its significance, has not managed to close the gap with the parallel market.
In a scenario of sustained inflation, low state salaries, and increasing partial dollarization of the economy, every fluctuation in the informal market directly affects internal prices and the purchasing power of Cubans. The end of October with the dollar reaching its highest levels in the last 30 days is yet another sign of the pressure on the Cuban peso.
The CiberCuba Exchange Rate is an index of the informal Cuban market created from the automated analysis of thousands of currency buy-sell 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.
Equivalence of United States Dollar (USD) bills to Cuban Peso (CUP), according to the exchange rates of this Saturday, October 31, 2026
- 1 USD = 890 CUP
- 5 USD = 4.450 CUP
- 10 USD = 8.900 CUP
- 20 USD = 17,800 CUP
- 50 USD = 44,500 CUP
- 100 USD = 89,000 CUP
Equivalence of Euro (EUR) banknotes to Cuban Peso (CUP), according to the exchange rates on this Saturday, October 31, 2026
- 1 EUR = 970 CUP
- 5 EUR = 4.850 CUP
- 10 EUR = 9.700 CUP
- 20 EUR = 19.400 CUP
- 50 EUR = 48,500 CUP
- 100 EUR = 97,000 CUP
- 200 EUR = 194,000 CUP
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