Dollar and euro close higher in Cuba
At the end of October 15, both currencies were above their morning values; the MLC and Clásica card also rose.
The U.S. dollar and euro closed Thursday, October 15, at higher values than in the morning in Cuba’s informal-market references. At the start of the day, the dollar stood at 795 Cuban pesos and the euro at 890. By the close, their values reached 798 and 895 pesos, respectively. The figures reflect different moments of the day and are not official rates applicable to every transaction.
The morning update also placed the freely convertible currency, or MLC, at 532.33 pesos after an increase of 17.68. The Clásica card reached 590.22 pesos, up 16.23. The increases in those two instruments were larger in amount than those recorded for the dollar and euro at that point, although they are different modalities and their values are not directly interchangeable.
Among references linked to dollar transactions, Zelle fell 0.76 pesos to 762.24. That rate was below the morning cash-dollar rate even though both are connected to funds in the same currency. The Mexican peso also declined, losing 0.17 pesos to stand at 51.34.
The Canadian dollar, by contrast, advanced 4.23 pesos to 517.28. The day therefore combined increases in several rates with declines in others, without a uniform movement across currencies, transfers and card balances. At the close, the dollar and euro maintained the upward trend reported for those two cash currencies.
These references are formed from offers in the informal market and may vary by type of transaction. The published values do not require buyers and sellers to exchange at those prices; the parties may agree to different amounts. A cash rate should therefore not be confused with a transfer or card rate, and movements in one form do not necessarily determine those of the others.