At 8:00 PM Cuban local time, the informal currency market in Cuba concluded its session on Wednesday, October 7, 2026, with both the dollar and the euro recording declines. The U.S. dollar finished the day at 768 Cuban pesos, a drop of two pesos compared to the previous day's closing.
The euro decreased to 860 pesos, down from 865 pesos in the prior session. The MLC, meanwhile, stands around 598 pesos, though this figure should be considered indicative due to the low volume of transactions during this time frame.
Currently, the U.S. dollar stands at 768 Cuban pesos (CUP) at the close of Wednesday. This marks a dip of 2 pesos from the previous day, when it closed at 770 CUP.
Looking at the weekly trend, the U.S. currency is 8 pesos higher than the 760 CUP it recorded seven days ago, representing a 1.1% increase.
Over the past 30 days, the dollar has risen by 84.5 pesos, or 12.4%, although part of this change might reflect adjustments in the index's methodology rather than pure market shifts.
Throughout the last month, the dollar has fluctuated between a low of 684 CUP and a high of 785 CUP in the informal market, continuing to dictate the informal market's rhythm amid a structural shortage of foreign currency.
The euro ended the session at 860 Cuban pesos (CUP), a decrease of 5 pesos from the previous day when it was exchanged at 865 CUP. Additionally, the euro has fallen by 0.6% over the past week, when it was also valued at 865 CUP.
On a monthly scale, the euro has gained 82.5 pesos, or 10.6%, although this figure should be approached with the same methodological caution.
In the last 30 days, the euro has ranged from a low of 777 CUP to a high of 885 CUP, surpassing the dollar by 92 pesos and solidifying its dominant position in Cuba's parallel market.
The MLC closes at approximately 598 Cuban pesos (CUP), based on indicative data due to the limited number of transactions recorded. This reflects a 5 peso drop from the previous session, when it stood at 603 CUP.
On a weekly basis, the MLC has shown a notable increase of 107 pesos, or 21.8%, compared to the 491 CUP recorded seven days ago.
Over the past month, with potential methodological adjustments in mind, the MLC has risen by 144.5 pesos from the 454 CUP of a month ago. Without a physical presence, its use is confined to state-run stores that accept it, limiting its circulation compared to cash currencies.
Exchange rate for USD to CUP: 768 CUP. Exchange rate for EUR to CUP: 860 CUP. Exchange rate for MLC to CUP: 598 CUP (indicative value). The official exchange rate from the Central Bank of Cuba (Segment III), set at 695 CUP per dollar and 782 CUP per euro on October 7, remains significantly lower than the prevailing rates in the informal currency market.
Despite Segment III being introduced as a more flexible exchange mechanism, its official rate remains far removed from the informal market's, failing to meet the population's actual demand for foreign currency.
The gap between the official and informal rates exceeds 73 pesos for the dollar and 78 pesos for the euro.
In a scenario of ongoing inflation, low state salaries, and increasing partial dollarization of the economy, every fluctuation in the informal market directly affects internal prices and Cubans' purchasing power.
The declines observed this Wednesday, though modest, provide slight relief to those needing to acquire foreign currency, in a context where the dollar has surged over 12% in the last month and the euro has risen more than 10%.
The CiberCuba Exchange Rate is an informal market index in Cuba, developed from automated analysis of thousands of currency trading posts in Telegram and Facebook groups.
The calculation excludes atypical offers and spam messages, weights each transaction by its age, and consolidates a representative value that is updated several times a day.
Equivalence of U.S. Dollar (USD) bills to Cuban Peso (CUP) based on exchange rates this Wednesday, October 7, 2026: 1 USD = 768 CUP, 5 USD = 3,840 CUP, 10 USD = 7,680 CUP, 20 USD = 15,360 CUP, 50 USD = 38,400 CUP, 100 USD = 76,800 CUP.
Equivalence of Euro (EUR) bills to Cuban Peso (CUP) based on exchange rates this Wednesday, October 7, 2026: 1 EUR = 860 CUP, 5 EUR = 4,300 CUP, 10 EUR = 8,600 CUP, 20 EUR = 17,200 CUP, 50 EUR = 43,000 CUP, 100 EUR = 86,000 CUP, 200 EUR = 172,000 CUP.
Currency Exchange Dynamics in Cuba
Why is the informal currency market significant in Cuba?
The informal currency market in Cuba is crucial because it reflects the actual supply and demand for foreign currencies, which the official rates do not capture. The official rates are often out of sync with economic realities, leading many to rely on the informal market for a more accurate exchange rate.
What factors contribute to the depreciation of the Cuban peso?
Factors contributing to the depreciation of the Cuban peso include sustained inflation, low state salaries, a partially dollarized economy, and a structural shortage of foreign currencies. These economic conditions drive the demand for stable currencies like the dollar and euro, affecting their informal market rates.
How does the exchange rate impact the Cuban economy?
Exchange rates have a significant impact on the Cuban economy by influencing internal prices and the purchasing power of citizens. As the informal exchange rate fluctuates, it affects the cost of imported goods and services, thereby impacting everyday expenses for Cubans.