Dollar Declines for Second Day in Cuba, Reaching 480 CUP
Havana, Cuba – october 30, 2025 – The US dollar experienced another drop in value on Cuba’s informal market today, falling to 480 Cuban pesos (CUP), marking the second consecutive day of decline. This is the first time the dollar has maintained a downward trend in over five months, reversing a sustained period of price increases that began in May.
The recent decrease contrasts sharply with the previously consistent upward trajectory of the dollar and deviates from projections made by the Observatorio de Moneda y finanzas (OMFi). The OMFi had anticipated the dollar reaching 500 CUP by the end of October. While the dollar fell, the euro remained stable at 540 CUP as of today, October 30th, a rate unchanged since October 23rd. The MLC (freely convertible currency), used by the Cuban regime, continues to hold at 200 CUP.
The dollar’s value rose 51 CUP in October alone, climbing from 439 CUP on September 30th to 490 CUP on October 24th before beginning its current descent.
Current Exchange Rates (as of 6:41 am, October 30, 2025):
* 1 USD = 480 CUP
* 5 USD = 2,400 CUP
* 10 USD = 4,800 CUP
* 20 USD = 9,600 CUP
* 50 USD = 24,000 CUP
* 100 USD = 48,000 CUP
* 1 EUR = 540 CUP
* 5 EUR = 2,700 CUP
* 10 EUR = 5,400 CUP
* 20 EUR = 10,800 CUP
* 50 EUR = 27,000 CUP
* 100 EUR = 54,000 CUP
* 200 EUR = 108,000 CUP
* 500 EUR = 270,000 CUP
* MLC = 200 CUP
The developments occur amid ongoing uncertainty surrounding the “floating rate” announced by Prime Minister Manuel Marrero at the end of 2024, intended to narrow the gap between official and informal currency exchange rates. The status of those reforms remains unclear.