As of 10:00 a.m. local time in Havana, the black market currency trading in Cuba starts this Friday, November 6, 2026, with the U.S. dollar on the rise and the euro holding steady around the 1,000 Cuban peso mark.
Although limited data is available at this hour, the MLC (freely convertible currency) provides only a rough estimate. The opening reflects the ongoing pressure on the Cuban peso, which finds no relief in the informal market.
The U.S. dollar is valued at 928 Cuban pesos (CUP) in the black market, with buy rates at 925 CUP and sell rates at 930 CUP, marking an 8-peso increase from the previous day when the average rate was 920 CUP.
This upward trend is apparent over both weekly and monthly periods: seven days ago, the dollar exchanged at 873 CUP, representing a 55-peso increase in a week, or 6.3%. Thirty days earlier, the rate stood at 768 CUP, although monthly comparisons should be approached with caution, as they may partially reflect methodology adjustments in the index.
Over the past month, the dollar has hit a high of 928 CUP—its current level—and a low of 768 CUP. The demand for dollars remains high among those seeking to protect their savings against the peso's depreciation.
The euro begins the day stable, averaging 1,000 CUP, with buying at 1,000 CUP and selling at 999 CUP, unchanged from the previous session.
However, the weekly outlook shows significant growth: a week ago, the euro traded at 950 CUP, indicating a nearly 50-peso gain, a 5.2% increase.
Over the last month, the euro has risen from 863 CUP to the current 1,000 CUP, with a peak of 1,001 CUP and a low of 860 CUP during this period. It remains the most expensive currency in Cuba's black market, surpassing the dollar by 72 pesos on average.
The MLC, which is solely digital, is priced around 652 CUP according to available data at opening, with buying at 608 CUP and selling at 699 CUP. However, this figure should be seen as provisional due to limited data.
Compared to the previous day, the MLC has dropped by 33 pesos from 685 CUP. In weekly terms, however, it has increased by 45 CUP from 607 CUP a week ago. Without physical form, its usage is restricted to state-run stores that accept it, limiting its circulation compared to cash currencies.
The Central Bank of Cuba's official exchange rate for Segment III, at 793 CUP per dollar and 890 CUP per euro, remains well below the real-world values in the informal currency market. The gap between the official dollar rate and the black market rate exceeds 135 pesos, while for the euro, the difference is nearly 110 pesos.
Despite Segment III being introduced as a more flexible exchange mechanism, its official rates remain far removed from the black market and fail to meet the real foreign currency needs of Cubans. The official dollar rate has increased from 695 CUP on October 7 to the current 793 CUP, highlighting a sustained devaluation of the peso in official channels, albeit at a pace that fails to capture the parallel market's reality.
In a scenario marked by persistent inflation, low state wages, and increasing partial dollarization of the economy, each change in the informal market directly impacts domestic prices and Cubans' purchasing power.
The gap between official and informal rates underscores the persistent shortage of foreign currency in the state banking system and the high demand for dollars and euros among residents, whether for emigration, importing goods, safeguarding savings, or making private sector purchases.
The CiberCuba Exchange Rate is an index of Cuba's informal market derived from the automated analysis of thousands of currency trade posts on Telegram and Facebook groups. The calculation excludes atypical offers and spam, weights each transaction by its age, and consolidates a representative value updated multiple times a day.
Currency Equivalents for U.S. Dollar (USD) to Cuban Peso (CUP) as of Friday, November 6, 2026:
- 1 USD = 928 CUP
- 5 USD = 4,638 CUP
- 10 USD = 9,275 CUP
- 20 USD = 18,550 CUP
- 50 USD = 46,375 CUP
- 100 USD = 92,750 CUP
Currency Equivalents for Euro (EUR) to Cuban Peso (CUP) as of Friday, November 6, 2026:
- 1 EUR = 1,000 CUP
- 5 EUR = 4,998 CUP
- 10 EUR = 9,995 CUP
- 20 EUR = 19,990 CUP
- 50 EUR = 49,975 CUP
- 100 EUR = 99,950 CUP
- 200 EUR = 199,900 CUP
Understanding Cuba's Black Market Exchange Rates
What is the current exchange rate for the USD in Cuba's black market?
The current exchange rate for the U.S. dollar in Cuba's black market is 928 CUP.
How does the euro compare to the U.S. dollar in Cuba's informal market?
In Cuba's black market, the euro is valued higher than the U.S. dollar, with a current rate of 1,000 CUP, surpassing the dollar by 72 pesos on average.
Why is there a significant gap between official and informal exchange rates in Cuba?
The gap exists due to a persistent shortage of foreign currency in the state banking system and high demand for dollars and euros among the Cuban population for various economic needs.
What factors contribute to the high demand for U.S. dollars in Cuba?
The high demand for U.S. dollars in Cuba is driven by the need to protect savings from peso depreciation, import goods, and conduct transactions in the private sector, among other reasons.