On Tuesday, November 10, 2026, Cuba's informal currency market sees the US dollar declining, while the euro remains stable and the Freely Convertible Currency (MLC) shows a slight uptick. However, caution is advised due to the low volume of trades during this time frame.
Exchange Rate Overview
Exchange rate for USD to CUP: 913 CUP. Exchange rate for EUR to CUP: 974 CUP. MLC to CUP: 687 CUP (indicative, limited data).
US Dollar Decline at Opening
As of 10:00 a.m. local Cuban time, the US dollar is valued at 913 Cuban pesos (CUP) on average in the informal market, with buying at 900 CUP and selling at 925 CUP. This marks a drop of 7.5 pesos from the previous session, where it averaged 920 CUP, indicating a 0.8% decline.
Looking over the past week, the dollar has risen by 7.5 pesos from 905 CUP, reflecting a 0.8% gain during this period. Over a 30-day span, there's an increase of 129 pesos from the 784 CUP recorded at the beginning of October, though this change might partially reflect methodological adjustments rather than sheer market movements.
Within the last month, the dollar has fluctuated between a low of 784 CUP and a high of 940 CUP in the informal market. The demand for dollars remains strong among those looking to safeguard their savings against the peso's depreciation.
Euro Holds as Most Expensive Currency
The euro holds steady at 974 Cuban pesos (CUP) on average, with buying at 947 CUP and selling at 1,000 CUP. It shows no change from the prior session, confirming its stability at Tuesday's opening.
Weekly comparisons show the euro dropping 16.5 pesos from 990 CUP seven days ago, a 1.7% decrease. Thirty days ago, it was at 878 CUP, marking a 96 peso rise over that period. As with the dollar, these variations should be interpreted cautiously due to possible methodological adjustments.
The euro has ranged between 878 and 1,010 CUP in the past month, establishing itself as the priciest currency in Cuba's parallel market, surpassing the dollar by 61 pesos on average today.
MLC Sees Limited Data-Driven Rise
The MLC is priced around 687 Cuban pesos (CUP) on average, with buying at 677 CUP and selling at 696 CUP. This figure should be taken as indicative due to the low volume of trades during this time.
Compared to the prior session, the average value rises 39.5 pesos, a 6.1% increase. However, the reliability of this change is limited by the sparse data available. Over the last week, the MLC has gained nine pesos from 678 CUP seven days ago. Without physical presence, its use is confined to state-run stores that accept it, limiting its circulation compared to cash currencies.
Discrepancy Between Informal and Official Rates
The official exchange rate set by the Central Bank of Cuba (Segment III) stands at 807 CUP per dollar and 904 CUP per euro, considerably lower than the prevailing rates in the everyday informal currency market.
The gap exceeds 100 pesos for the dollar and approaches 70 pesos for the euro when comparing both markets. Although Segment III was introduced as a more flexible exchange mechanism, its official rates remain far from the informal market's, failing to meet the public's real currency demand.
In the past month, the official dollar rate has climbed from 702 to 807 CUP, and the euro from 783 to 904 CUP, highlighting a sustained devaluation of the peso in the official channel as well. Amidst ongoing inflation, low state wages, and rising partial dollarization of the economy, shifts in the informal market directly affect internal prices and Cubans' purchasing power.
Currency Equivalency
US Dollar to Cuban Peso Equivalents based on November 10, 2026, exchange rates:
- 1 USD = 913 CUP
- 5 USD = 4,565 CUP
- 10 USD = 9,130 CUP
- 20 USD = 18,260 CUP
- 50 USD = 45,650 CUP
- 100 USD = 91,300 CUP
Euro to Cuban Peso Equivalents based on November 10, 2026, exchange rates:
- 1 EUR = 974 CUP
- 5 EUR = 4,870 CUP
- 10 EUR = 9,740 CUP
- 20 EUR = 19,480 CUP
- 50 EUR = 48,700 CUP
- 100 EUR = 97,400 CUP
Methodology
The CiberCuba Exchange Rate is an index of Cuba's informal market, created through automated analysis of numerous currency exchange posts in Telegram and Facebook groups. The calculation excludes atypical offers and spam messages, weighting each transaction by its recency to consolidate a representative value that updates multiple times daily.
Understanding Cuba's Informal Currency Market
Why is the US dollar decreasing in value in Cuba's informal market?
The decrease in the US dollar's value in Cuba's informal market may be attributed to fluctuations in demand and supply, as well as broader economic factors impacting currency stability.
How does the informal market affect Cuba's economy?
The informal market significantly impacts Cuba's economy by setting currency exchange rates that influence internal prices and purchasing power, often differing greatly from official rates.
What is the significance of the MLC in Cuba's currency market?
The MLC serves as a currency used primarily in state-run stores, offering an alternative to cash currencies but with limited circulation, impacting its role in the market.