The U.S. dollar continues its relentless surge in Cuba's informal currency market, reaching an exchange rate of 914 Cuban pesos (CUP) this Wednesday, November 4, 2026.
By 10:00 a.m. local time in Cuba, the dollar hit its highest value in the past 30 days, surging by 64 pesos in just a week. This upward trend shows no signs of slowing down.
Meanwhile, the euro has also increased, trading at approximately 995 pesos, and the Freely Convertible Currency (MLC) stands at 692 CUP.
Current Exchange Rates: A Summary
Exchange rate for the U.S. dollar (USD) to CUP: 914 CUP. Exchange rate for the euro (EUR) to CUP: 995 CUP. Exchange rate for the MLC to CUP: 692 CUP.
Dollar Reaches New Heights
The dollar rose by nine pesos compared to the previous day when it was at 905 CUP. Its current rate is the highest in the past month, during which it hit a low of 768 CUP.
Over the week, the dollar's value jumped by 7.5%. In a 30-day comparison, it climbed from 771 to 914 pesos, an increase of 143 pesos. This shift might partially reflect changes in the index's methodology.
Euro's Upward Trajectory
The euro is trading at around 995 Cuban pesos (CUP), up from 990 in the previous session, marking a gain of five pesos.
Due to limited data during this time frame, these values should be considered indicative. Nevertheless, the euro's trend aligns with the broader market. Last week, it was valued at 936 pesos, and a month ago, it was 875 pesos. These figures represent increases of 6.3% and 13.7%, respectively, with similar methodological caution applicable to monthly comparisons.
The euro surpasses the dollar by 81 pesos, solidifying its position as the most expensive currency in Cuba's parallel market.
MLC's Limited Rise
Today, the MLC shows an indicative value of 692 Cuban pesos (CUP), up from 678 the previous day, marking a rise of 14 pesos, or 2.1%.
As with the euro, this figure should be taken with caution due to the limited volume of transactions available in this period. Over the past week, the MLC increased by 92 pesos from the 600 CUP it recorded seven days ago, a jump of 15.3%.
Without physical existence, its use is restricted to state-run stores that accept it, limiting its circulation compared to cash currencies.
Widening Gap with Official Rates
The official exchange rate set by the Central Bank of Cuba (Segment III) is 781 CUP per dollar and 874 CUP per euro, significantly lower than the rates prevailing in the informal currency market.
The gap between official and informal prices is now 133 pesos for the dollar and 121 pesos for the euro, illustrating the disparity between the formal economy and the reality faced by Cubans.
Over the past month, the official dollar rate has increased from 695 to 781 CUP, but the informal market has outpaced it, widening the gap instead of narrowing it.
In a context of sustained inflation, low state salaries, and increasing partial dollarization, the rising informal exchange rates can drive up prices and diminish Cubans' purchasing power.
Exchange Rate Equivalents
U.S. Dollar (USD) to Cuban Peso (CUP) equivalents, based on exchange rates for Wednesday, November 4, 2026:
1 USD = 914 CUP
5 USD = 4,570 CUP
10 USD = 9,140 CUP
20 USD = 18,280 CUP
50 USD = 45,700 CUP
100 USD = 91,400 CUP
Euro (EUR) to Cuban Peso (CUP) equivalents, based on exchange rates for Wednesday, November 4, 2026:
1 EUR = 995 CUP
5 EUR = 4,975 CUP
10 EUR = 9,950 CUP
20 EUR = 19,900 CUP
50 EUR = 49,750 CUP
100 EUR = 99,500 CUP
Exchange Rate Methodology
The CiberCuba Exchange Rate is an index of Cuba's informal market, created through automated analysis of thousands of currency exchange posts in Telegram and Facebook groups.
The calculation excludes atypical offers and spam messages, weights each transaction based on its recency, and consolidates a representative value that updates multiple times daily.
Understanding Cuba's Currency Market Dynamics
Why is the dollar rising so rapidly in Cuba?
The rapid increase in the dollar's value is driven by Cuba's economic instability, inflation, and the growing demand for foreign currency in an increasingly dollarized economy.
How does the gap between official and informal exchange rates affect Cubans?
The disparity widens the economic gap, as the informal rates reflect the real purchasing power in the market, often leading to higher prices for goods and services.
What is the role of the MLC in Cuba's economy?
The MLC is a digital currency used primarily in state-run stores, limiting its circulation and highlighting the challenges of currency availability in Cuba.