At 8:00 PM, local Cuban time, the closes on Saturday, October 31 with the dollar and euro on the rise. The day ends with sustained pressure on the Cuban peso: the US dollar reaches 890 pesos, the euro exceeds 970, and the MLC, with limited data, hovers around 566 pesos, a value that should be taken as indicative.
The U.S. dollar is trading at 890 Cuban pesos (CUP) at the close of this session. This represents an increase of 12.5 pesos compared to the previous day, when the currency closed at 878 CUP. The upward trend is also confirmed on the weekly horizon: a week ago, the dollar was at 834 pesos, marking a rise of 56 pesos in the last week, equivalent to an increase of 6.7%.
In the monthly total, the US dollar has gained 120 pesos since it was 770 CUP 30 days ago, although it's worth noting that part of this variation may reflect adjustments in the methodology of the index and not solely market movement. The dollar also hits its highest point in the last 30 days precisely in this session, at 890 CUP. It continues to dictate the trend of the informal market in a context of structural currency shortages.
The euro is trading at 970 Cuban pesos (CUP) as of this Saturday's close. The c...