As of 8:00 PM local time in Cuba, Monday, July 27, the informal currency exchange market closes with the U.S. dollar steadfast at 673 Cuban pesos, showing no change from the previous session. Meanwhile, the euro gains a bit of ground, reaching 790 pesos, up by one peso compared to yesterday's close. The MLC, on the other hand, shows a tentative value of 471 pesos, though the limited number of transactions in this area suggests caution is needed when considering this figure.
The day's summary highlights the dollar's resilience at elevated levels after weeks of upward momentum, while the euro reaches its highest point in the last 30 days, reinforcing its stance as the most expensive currency in Cuba's parallel market.
U.S. Dollar Performance
The U.S. dollar remains at 673 Cuban pesos (CUP), with a buying range of 670 CUP and a selling range of 676 CUP. Compared to the previous day, the average value remains mostly unchanged, with a minor adjustment of just +0.5 pesos (+0.1%). Over the past week, however, the dollar has seen an increase of 7 pesos (+1.1%) from 666 CUP seven days ago. Looking back 30 days, it shows a rise of 58 pesos (+9.4%) from 615 CUP at the end of June, though some of this shift might be due to methodological adjustments to the index. Throughout the last month, the dollar has fluctuated between a low of 610 CUP and a high of 675 CUP. It continues to lead the informal market amidst an ongoing structural scarcity of foreign currency.
Euro's Advancing Position
The euro closes at 790 Cuban pesos (CUP), with a buying price of 780 CUP and a selling price of 800 CUP. This marks an increase of 1.5 pesos from the previous day, when it closed at 789 CUP. On a weekly basis, the euro has gained 22.5 pesos (+2.9%) compared to 768 CUP seven days ago. Over a 30-day period, it has advanced by 80 pesos (+11.3%) from 710 CUP at the end of June, though similar to the dollar, some of this change may result from adjustments in index methodology. Today, the euro reaches its peak for the past 30 days, with a monthly range from 688 CUP to the current 790 CUP, surpassing the dollar by 117 pesos and solidifying its dominant position in the parallel market.
MLC Value Observations
The MLC closes with a speculative value of 471 Cuban pesos (CUP), with a purchase price of 425 CUP and a selling price of 517 CUP. The limited transaction volume in this time frame warrants cautious interpretation of these numbers. Compared to the previous session, the average value drops by 19.5 pesos (-4%), and compared to today's opening, it falls by 23 pesos (-4.7%). Over the past week, it has risen by 14.5 pesos (+3.2%) from 457 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.
Summary of Informal Market Exchange Rates — Closing on July 27, 2026
Exchange rate of USD to CUP: 673 CUP. Exchange rate of EUR to CUP: 790 CUP. Exchange rate of MLC to CUP: 471 CUP (tentative value, limited data).
The official exchange rate from the Central Bank of Cuba (Segment III), set at 601 CUP per dollar and 684 CUP per euro, remains significantly below the values prevailing in everyday transactions within the informal currency market.
Although Segment III was introduced as a more flexible exchange mechanism, its official rates continue to fall short of meeting the real currency demand of the population. Today, the gap between the official and informal rates stands at 72 pesos for the dollar and 106 pesos for the euro.
In a scenario marked by persistent inflation, low state salaries, and increasing partial dollarization of the economy, every variation in the informal market directly impacts internal prices and the purchasing power of Cubans.
The CiberCuba Exchange Rate Index is a measure of the Cuban informal market, created through the automated analysis of thousands of foreign exchange buy-sell posts in Telegram and Facebook groups. The calculation excludes atypical offers and spam messages, weighs each transaction by its age, and consolidates a representative value that updates several times a day.
USD to CUP Exchange Rate Equivalency as of Monday, July 27, 2026
1 USD = 673 CUP 5 USD = 3,365 CUP 10 USD = 6,730 CUP 20 USD = 13,460 CUP 50 USD = 33,650 CUP 100 USD = 67,300 CUP
EUR to CUP Exchange Rate Equivalency as of Monday, July 27, 2026
1 EUR = 790 CUP 5 EUR = 3,950 CUP 10 EUR = 7,900 CUP 20 EUR = 15,800 CUP 50 EUR = 39,500 CUP 100 EUR = 79,000 CUP 200 EUR = 158,000 CUP
Understanding Cuba's Informal Currency Market
Why is the euro more expensive than the dollar in Cuba's informal market?
The euro's higher value in Cuba's informal market is due to its increased demand and limited availability. It has become a dominant currency in the parallel market, surpassing the dollar by 117 pesos.
How does the MLC function in Cuba's economy?
The MLC, or freely convertible currency, serves as a digital form of currency used in state-run stores. Its lack of physical existence limits its circulation compared to cash currencies, and its value is often speculative due to low transaction volumes.