On Monday, November 2, 2026, at 10:00 a.m. local Cuban time, the informal currency exchange market in Cuba started the day with both the dollar and the euro gaining ground against the Cuban peso. The MLC, however, showed a slight decline, although its rate should be considered more as a guideline given the low volume of transactions recorded at this hour.
Dollar Strengthens Against Cuban Peso
The U.S. dollar is trading at an average of 895 Cuban pesos (CUP) in the informal market, with a buying rate of 890 CUP and a selling rate of 900 CUP. This marks an increase of 1.5 pesos compared to the previous day, where the average was 894 CUP. While this daily increase is modest, the weekly trend is more pronounced: over the last seven days, the dollar has risen by 55 pesos, reflecting a 6.5% climb. Over the past month, the rate has surged by 110 pesos, although part of this change may be due to methodological adjustments in the index rather than purely market movements. In the past 30 days, the dollar fluctuated between a low of 768 CUP and today's peak of 895 CUP, highlighting its influence in a market characterized by a structural shortage of foreign currency.
Euro Surges as Most Expensive Currency
The euro stands at approximately 983 Cuban pesos (CUP) on average, with a purchase price of 975 CUP and a sale price of 991 CUP. This denotes a rise of 12 pesos from the previous day, where the average was 971 CUP, marking a 1.2% increase. However, caution is advised with this rate due to the limited data available during this time frame. Over the last week, the euro has increased by 55 pesos (or 5.9%), and over the past month, it has gained 102.5 pesos, though part of this movement could be due to index methodology adjustments. The highest rate recorded in the last 30 days is 985 CUP, close to the current level, making it the most expensive currency in Cuba's parallel market, surpassing the dollar by 88 pesos at the average rate.
MLC Declines Amid Data Scarcity
The MLC currently stands at an indicative average of 561 Cuban pesos (CUP), with a buying rate of 612 CUP and a selling rate of 509 CUP. Similar to the euro, this currency shows a warning of limited data at the start, so its rate should be interpreted cautiously. Compared to the previous session, the MLC has fallen by 7.5 pesos, a 1.3% decrease. Over the past week, it has dropped by 29 pesos (4.9%), although in the scope of 30 days, it has seen a positive change of 90.5 pesos, which may be influenced by index methodology adjustments. The highest rate in the past 30 days was 742 CUP, and the lowest was 457 CUP. Without a physical form, its use is limited to state-owned stores accepting it, restricting its circulation compared to cash currencies.
Exchange Rate Summary
Exchange rate for the USD to CUP: 895 CUP.
Exchange rate for the EUR to CUP: 983 CUP.
Exchange rate for the MLC to CUP: 561 CUP (indicative value, limited data).
The Gap with Official Rates
The official exchange rate from the Central Bank of Cuba (Segment III) remains at 768 CUP per dollar and 857 CUP per euro, significantly lower than the values in practice in the informal currency market. The difference between the official and informal prices is 127 pesos for the dollar and 126 pesos for the euro.
Despite being introduced as a more flexible exchange mechanism, Segment III's official rate remains far from the informal market, failing to meet the real demand for foreign currency among the Cuban population. Over the past month, the official dollar rate increased from 695 to 768 CUP, and the euro from 783 to 857 CUP, an adjustment that hasn't narrowed the gap with the parallel market.
In a scenario of persistent inflation, low state salaries, and increasing partial dollarization of the economy, fluctuations in the informal market directly impact internal prices and the purchasing power of Cubans.
Methodology
The CiberCuba Exchange Rate is an index of the Cuban informal market created through the automated analysis of thousands of currency exchange listings in Telegram and Facebook groups. The calculation excludes atypical offers and spam messages, weighing each transaction based on its recency and consolidating a representative value updated multiple times daily.
USD to CUP Currency Equivalents
According to the exchange rates of Monday, November 2, 2026:
1 USD = 895 CUP
5 USD = 4,475 CUP
10 USD = 8,950 CUP
20 USD = 17,900 CUP
50 USD = 44,750 CUP
100 USD = 89,500 CUP
EUR to CUP Currency Equivalents
According to the exchange rates of Monday, November 2, 2026:
1 EUR = 983 CUP
5 EUR = 4,915 CUP
10 EUR = 9,830 CUP
20 EUR = 19,660 CUP
50 EUR = 49,150 CUP
100 EUR = 98,300 CUP
200 EUR = 196,600 CUP
Frequently Asked Questions about Cuban Exchange Rates
Why is there a gap between the official and informal exchange rates in Cuba?
The gap exists due to the official rates being unable to meet the actual demand for foreign currency in Cuba, leading people to rely on the informal market where rates are driven by supply and demand.
How are exchange rates determined in the Cuban informal market?
Exchange rates in the Cuban informal market are determined by analyzing thousands of transactions from online platforms like Telegram and Facebook, with adjustments for atypical offers and spam.
What factors contribute to the currency fluctuation in Cuba?
Currency fluctuations in Cuba are influenced by structural shortages of foreign currency, inflation, partial dollarization of the economy, and low state salaries.