The informal currency market in Cuba is witnessing a slight downturn in its two primary reference currencies early this Tuesday.
At 10:00 a.m. local Cuban time, both the U.S. dollar and the euro began the day with minor declines compared to the previous session. Meanwhile, the MLC shows a tentative value due to its limited trading volume, suggesting cautious interpretation.
Today's Exchange Rates: October 6, 2026
Exchange rate of USD to CUP: 770 CUP.
Exchange rate of EUR to CUP: 870 CUP.
Exchange rate of MLC to CUP: 593 CUP (indicative value, limited data).
U.S. Dollar Sees Slight Dip but Holds Weekly Gains
Today, the U.S. dollar is trading at 770 Cuban pesos (CUP) in the informal market, with buying and selling rates around 760 CUP and 780 CUP, respectively.
This marks a dip of three pesos from the preceding session, where the average value stood at 773 CUP. Despite this minor drop, the U.S. currency has risen by 22.5 pesos over the past week—up from 748 CUP seven days ago—equating to a 3% increase.
On a monthly scale, the dollar has climbed 87.5 pesos from 683 CUP a month ago, though this comparison might partially reflect methodological adjustments rather than purely market dynamics. Over the last 30 days, the dollar has fluctuated between a low of 683 CUP and a high of 785 CUP.
Euro Declines but Remains the Most Expensive Currency
As Tuesday unfolds, the euro is valued at approximately 870 CUP, with a buying range of 850 CUP and a selling point of 890 CUP.
Compared to the previous day, the European currency has slipped five pesos from the 875 CUP noted yesterday, indicating a 0.6% drop. However, on a weekly basis, the euro gains 18 pesos from 852 CUP a week ago, marking a rise of 2.1%.
Over the past month, the euro has increased by 95 pesos from 775 CUP. As with the dollar, these figures should be cautiously interpreted due to potential methodological adjustments. Over the last 30 days, the euro has ranged between a minimum of 775 CUP and a maximum of 885 CUP.
The euro maintains its position as the most expensive currency in Cuba’s parallel market, surpassing the dollar by an average of 100 pesos.
MLC Shows Increase Amid Limited Data
Today, the MLC presents an indicative value of 593 CUP, with a buying rate of 489 CUP and a selling rate of 697 CUP.
Compared to the previous session, the MLC was at 562 CUP, reflecting an increase of 31 pesos, which is a rise of 5.5%. However, this figure should be approached with caution given the warning of limited data in this time frame, making the value primarily indicative.
On a weekly scale, it has risen 85 pesos from 508 CUP seven days ago. Without physical existence, its use is restricted to state-run stores that accept it, limiting its circulation compared to cash currencies.
The Persistent Gap Between Official and Informal Exchange Rates
The official exchange rate set by the Central Bank of Cuba (Segment III), pegged at 695 CUP per dollar and 783 CUP per euro as of October 5, 2026, remains significantly lower than the rates prevalent in the everyday informal currency market.
The discrepancy between the official and informal rates exceeds 75 pesos for the dollar and 87 pesos for the euro. Although Segment III was introduced as a more flexible exchange mechanism, its official rate continues to lag behind the informal market's and fails to meet the real currency demand of the populace.
In the past month, the official dollar rate increased from 640 to 695 CUP, and the euro from 744 to 783 CUP. This adjustment, however, has not bridged the gap with the parallel market.
USD to CUP Conversion Based on October 6, 2026 Exchange Rates
1 USD = 770 CUP
5 USD = 3,850 CUP
10 USD = 7,700 CUP
20 USD = 15,400 CUP
50 USD = 38,500 CUP
100 USD = 77,000 CUP
EUR to CUP Conversion Based on October 6, 2026 Exchange Rates
1 EUR = 870 CUP
5 EUR = 4,350 CUP
10 EUR = 8,700 CUP
20 EUR = 17,400 CUP
50 EUR = 43,500 CUP
100 EUR = 87,000 CUP
Methodology
The CiberCuba Exchange Rate Index is derived from the informal Cuban market through automated analysis of thousands of currency trading posts on Telegram and Facebook groups. The calculation excludes atypical offers and spam messages, weights each transaction by age, and consolidates a representative value that updates several times a day.
Understanding Cuba's Currency Market Dynamics
Why is there a gap between official and informal exchange rates in Cuba?
The gap exists because the official exchange rate does not reflect the actual demand and supply dynamics in the informal market. The government sets the official rates, which are often lower than those in the parallel market where real trading occurs.
How does the MLC differ from other currencies in Cuba?
The MLC is a digital currency used primarily in state-run stores, lacking physical form, which limits its circulation compared to cash currencies like the dollar or euro.