The unofficial value of the dollar has risen in Cuba in recent hours, according to the daily report released on Wednesday by the independent media elTOQUE.
At 7:00 a.m. (local time) on this November 26th, the US dollar has risen to 440 CUP, which is five pesos more than the previous day.
The dollar rebounds after remaining at 435 CUP since last weekend.
The euro and the Freely Convertible Currency (MLC) are stable, for their part.
Exchange Rate Evolution
The European currency remains valued at 480 CUP, while the MLC is set at 240 CUP.
Exchange rate today 11/26/2025 - 7:21 a.m. in Cuba:
Dollar exchange rate USD to CUP according to elTOQUE: 440 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 480 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 240 CUP.
The general instability that the value of currencies has experienced in recent weeks occurs amidst a growing campaign of harassment by the Cuban regime against elTOQUE, which it accuses of "manipulating" the Representative Rate of the Informal Market.
At the end of October, the dollar fell from 485 to 410 CUP; and the euro dropped from 540 to 450 CUP, in a rapid downward movement.
However, since November 9, both currencies have been gradually recovering their selling value. This continued until November 16, when the dollar broke the upward trend.
The adjustment occurs in a context of political and economic tension, marked by the announcement from the Cuban government on November 14th about the upcoming creation of a “official, orderly, and transparent exchange market”.
However, persistent inflation, a lack of foreign currency, and a distrust in the economic institutions of the regime continue to drive demand for dollars and euros as safe havens.
Additionally, the cash shortage and banking connectivity issues on the island limit formal transactions, further fueling the parallel currency market.
Since 2022, the trend has been a constant devaluation of the national currency, only briefly interrupted by short pauses or momentary declines that never succeed in reversing the sustained deterioration of the CUP.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates on this 26th of November:
1 USD = 440 CUP.
5 USD = 2,200 CUP.
10 USD = 4,400 CUP.
20 USD = 8,800 CUP.
50 USD = 22,000 CUP.
100 USD = 44,000 CUP.
Equivalence of Euro bills (EUR) to Cuban Peso (CUP):
1 EUR = 480 CUP.
5 EUR = 2,400 CUP.
10 EUR = 4,800 CUP.
20 EUR = 9,600 CUP.
50 EUR = 24,000 CUP.
100 EUR = 48,000 CUP.
200 EUR = 96,000 CUP.
500 EUR = 240,000 CUP.
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