The U.S. dollar has experienced an unexpected turn in Cuba's informal currency market.
After a steep drop of over 20 pesos throughout the past week, the American currency has halted its decline, showing no change this Friday, November 13, while the euro continues to lose value.
At 10:00 a.m. local time, the dollar remains steady at 905 Cuban pesos (CUP), maintaining the same rate as the previous day.
Meanwhile, the euro has decreased by five pesos, standing at 985 CUP, drifting further away from the 1,000 peso mark.
The Dollar's Uncertain Pause
The halt in the dollar's decline raises questions in Cuba's parallel market: Is this a temporary respite or the start of a new trend?
Currently, the available data only confirms that the U.S. dollar has paused its daily regression after losing roughly 2.5% of its value over the week.
The freely convertible currency (MLC) is priced around 436 CUP, though this figure should be viewed cautiously due to the limited transaction volume observed in the early hours of the day.
Current Exchange Rates in Cuba
Today, Friday, November 13, the exchange rates are as follows: U.S. Dollar (USD): 905 CUP. Euro (EUR): 985 CUP. Freely Convertible Currency (MLC): 436 CUP. Note that the MLC rate is tentative due to the low volume of operations.
Stability in the Dollar's Value
This Friday, the U.S. dollar remains at 905 CUP in the informal market, showing no fluctuation from the previous session.
This stability follows a week of declines. A week ago, the currency was valued at 928 CUP, marking a 23 peso drop, approximately 2.5%.
Despite this recent downturn, the dollar remains above its value from a month ago. Over the past 30 days, its rate has varied between a low of 793 CUP and a high of 940 CUP, reflecting significant fluctuations in the parallel market.
While the interruption of its fall doesn't signal a recovery, it does momentarily break the downward trend seen over the past week.
The Euro's Continued Decline
Unlike the dollar, the euro continues to slide in Cuba's informal market.
As of Friday, the European currency is valued at 985 CUP, down five pesos from the previous day when it was at 990 CUP.
Compared to the 1,000 CUP recorded a week ago, the euro has dropped by 15 pesos, representing a 1.5% decrease.
In the past month, its rate has ranged from a minimum of 888 CUP to a maximum of 1,010 CUP.
Despite its recent declines, the euro remains the most highly valued currency among the three main references in Cuba's informal market, with an 80 peso difference compared to the U.S. dollar.
The Situation with the MLC
The freely convertible currency (MLC) is currently priced at a tentative 436 CUP this Friday.
However, the limited trading volume observed in the early hours makes this figure unreliable and complicates establishing a clear trend.
The previous session's reference was 626 CUP, indicating a 190 peso difference. Nonetheless, the lack of data prevents interpreting this variation as a consolidated market decline.
Over the last month, the MLC has ranged between 405 and 795 CUP. Unlike cash dollars and euros, the MLC functions as an electronic balance used in certain state-run establishments, affecting its demand and circulation.
The Gap Between Informal and Official Exchange Rates
The disparity between informal market rates and the official rates of the Central Bank of Cuba (BCC) remains significant.
While the dollar trades at 905 CUP in the parallel market, the official Segment III reference is 825 CUP, an 80 peso difference per dollar.
In the case of the euro, the informal rate of 985 CUP exceeds the official rate of 913 CUP by 72 pesos.
This gap highlights the challenges of the official exchange system in meeting the demand for foreign currency, as many Cubans turn to the parallel market to acquire dollars and euros.
Over the past month, the official dollar rate has risen from 707 CUP on October 14 to the current 825 CUP, indicating a depreciation of the Cuban peso against the U.S. dollar in that segment.
The demand for foreign currency remains linked to needs such as emigration, imports, savings protection, and purchases in the private sector, in an economy marked by inflation, low state salaries, and increasing dollarization.
Currency Equivalency Today
U.S. Dollar (USD) to Cuban Peso (CUP) conversion rates as of Friday, November 13, 2026:
- 1 USD = 905 CUP
- 5 USD = 4,525 CUP
- 10 USD = 9,050 CUP
- 20 USD = 18,100 CUP
- 50 USD = 45,250 CUP
- 100 USD = 90,500 CUP
Euro (EUR) to Cuban Peso (CUP) conversion rates as of Friday, November 13, 2026:
- 1 EUR = 985 CUP
- 5 EUR = 4,925 CUP
- 10 EUR = 9,850 CUP
- 20 EUR = 19,700 CUP
- 50 EUR = 49,250 CUP
- 100 EUR = 98,500 CUP
Understanding CiberCuba's Exchange Rate
The CiberCuba Exchange Rate is an index of the informal market created through automated analysis of thousands of currency exchange posts on Telegram and Facebook groups.
Its methodology filters out atypical offers and spam, weighs records based on their age, and calculates representative values that are updated multiple times daily.
The rates reflect conditions observed in the informal market and may fluctuate throughout the day.
Frequently Asked Questions about Cuba's Informal Currency Market
Why has the U.S. dollar paused its decline in Cuba?
The U.S. dollar has paused its decline due to factors such as market adjustments and possibly temporary shifts in demand or supply in Cuba's informal market.
What is the current exchange rate for the euro in Cuba?
As of the latest update, the euro is valued at 985 Cuban pesos (CUP) in the informal market.
How is the CiberCuba exchange rate determined?
The CiberCuba exchange rate is determined through automated analysis of currency exchange posts on social media, filtering out anomalies and spam to provide representative market values.