On the morning of November 1, 2026, at 10:00 a.m. local time, Cuba's informal currency exchange market witnesses significant upward pressure across all foreign currencies. The US dollar hits an impressive 894 Cuban pesos, while the euro surpasses 970, with a rise in the MLC as well, although its rate should be approached cautiously due to the limited volume of transactions at this early hour. The start of the day affirms the upward trajectory that these currencies have been experiencing in recent weeks.
The US dollar is currently trading at 894 Cuban pesos (CUP) in the informal market. This marks an increase of 11 pesos from the previous day, when it was valued at 883 CUP. The pressure is even more evident in the weekly comparison: just a week ago, the greenback exchanged at 838 pesos, reflecting a 56-peso climb in just one week, equivalent to a 6.7% rise. Over the last month, the dollar has ascended from 775 pesos, although part of this change might be attributed to methodological adjustments in the index. In the past 30 days, the dollar has reached a peak of 894 CUP — today's rate — and a low of 768 CUP, continuing to set the pace in the informal market amid a structural shortage of foreign currency.
Meanwhile, the euro opens at 971 Cuban pesos (CUP), which is an 8-peso increase from the previous session, where it closed at 963 CUP. Over the last week, the European currency has risen by 41 pesos from 930 CUP, marking a 4.4% increase. A month ago, it was trading around 876 pesos, though this comparison should be read cautiously due to potential methodological adjustments. The highest rate in the past 30 days was 974 CUP, with the lowest at 860 CUP. It remains the priciest currency in Cuba's parallel market, exceeding the dollar by 77 pesos.
The MLC is currently hovering around 568 Cuban pesos (CUP), although this figure is indicative due to the low transaction volume observed. According to the previous day's data, the MLC stood at 547 CUP, indicating a 21-peso uptick. Over the last week, it has climbed 33 pesos from 535 CUP. With no physical presence, its use is confined to state-run stores that accept it, limiting its circulation compared to cash currencies.
Exchange rates: USD to CUP: 894 CUP. EUR to CUP: 971 CUP. MLC to CUP: 568 CUP (indicative, limited data). The official exchange rate set by the Central Bank of Cuba (Segment III), at 768 CUP per dollar and 857 CUP per euro, remains significantly below the rates actually used in the everyday informal currency market.
Although Segment III was introduced as a more flexible exchange mechanism, its official rate continues to lag far behind the informal market, failing to meet the real demand for foreign currencies among the population. The gap between the official and informal rates today exceeds 126 pesos for the dollar and 114 pesos for the euro.
In an environment characterized by persistent inflation, low state salaries, and increasing partial dollarization of the economy, every fluctuation in the informal market directly affects internal prices and the purchasing power of Cubans. The cumulative increase of over 56 pesos for the dollar in seven days further exacerbates the erosion of purchasing power for those earning in Cuban pesos.
The CiberCuba Exchange Rate is an index of the Cuban informal market developed through the automated analysis of thousands of currency exchange listings on Telegram and Facebook groups. The calculation excludes atypical offers and spam messages, weighs each transaction based on its age, and consolidates a representative value updated several times daily.
US Dollar (USD) to Cuban Peso (CUP) conversion rates:
1 USD = 894 CUP
5 USD = 4,470 CUP
10 USD = 8,940 CUP
20 USD = 17,880 CUP
50 USD = 44,700 CUP
100 USD = 89,400 CUP
Euro (EUR) to Cuban Peso (CUP) conversion rates:
1 EUR = 971 CUP
5 EUR = 4,855 CUP
10 EUR = 9,710 CUP
20 EUR = 19,420 CUP
50 EUR = 48,550 CUP
100 EUR = 97,100 CUP
200 EUR = 194,200 CUP
Understanding Cuba's Informal Currency Market
What is the current exchange rate for the US dollar in Cuba's informal market?
As of November 1, 2026, the US dollar is trading at 894 Cuban pesos in the informal market.
How does the euro's value compare to the US dollar in Cuba's parallel market?
The euro is currently valued higher than the US dollar in Cuba's parallel market, trading at 971 Cuban pesos compared to the dollar's 894 pesos.
Why is there a gap between the official and informal exchange rates in Cuba?
The gap exists because the official rates do not reflect the real demand for foreign currencies in Cuba, leading to significantly higher rates in the informal market.