The three reference currencies in Cuba have not reported any movement in their selling prices in recent hours, according to today's report from the independent outlet elTOQUE.
Without changes, the informal currency market on the island woke up again this Wednesday, marking a stable day for the dollar, euro, and the Freely Convertible Currency (MLC).
At 7:00 a.m. on February 4th, the dollar holds 490 CUP that it reached the previous day.
Also unchanged is the euro, which is once again trading at 535 CUP today.
Exchange Rate Evolution
The Freely Convertible Currency, for its part, remains today at 400 CUP, which has been a consistent value for that digital currency in recent weeks.
These figures—remaining unchanged today—once again reflect the widespread lack of trust in the national currency and the increasing dollarization of the informal economy, where access to foreign currency defines the real purchasing power of citizens.
In the markets and social media, the dollar and the euro have become safe havens against inflation and the ongoing loss of purchasing power of the CUP.
Exchange rate today 04/02/2026 - 7:15 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 490 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 535 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 400 CUP.
The unofficial exchange rate in Cuba continues to set the tone for the country's economic reality, significantly exceeding the official rate maintained by the regime.
Additionally, the official "floating rate" for the dollar and euro, implemented in mid-December 2025, has neither resolved anything nor impacted the actual course of the informal currency market.
The weakness of the Cuban peso is a direct consequence of a combination of structural factors: an inefficient state economy, a collapsed national production, the lack of foreign investment, and the repression of the private sector.
The most visible result is the rapid impoverishment of the population: salaries in pesos barely cover a fraction of basic needs, while essential products—such as food, medicines, and fuel—are sold in foreign currency or at unaffordable prices.
This gap between the peso and strong currencies not only reflects a severe economic crisis but also the complete loss of credibility of the Cuban financial system.
Equivalence of United States Dollar (USD) bills to Cuban Peso (CUP), according to the exchange rates on this February 4th:
1 USD = 490 CUP.
2 USD = 980 CUP.
5 USD = 2,450 CUP.
10 USD = 4,900 CUP.
20 USD = 9,800 CUP.
50 USD = 24,500 CUP.
100 USD = 49,000 CUP.
Equivalence of Euro (EUR) bills to Cuban Peso (CUP):
1 EUR = 535 CUP.
5 EUR = 2,675 CUP.
10 EUR = 5,350 CUP.
20 EUR = 10,700 CUP.
50 EUR = 26,750 CUP.
100 EUR = 53,500 CUP
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