This Monday, the informal currency market in Cuba starts the week calmly, with no changes compared to the previous day.
The dollar is currently holding at the 510 CUP reached over the weekend, according to the exchange rate published by independent media elTOQUE.
Furthermore, at 6:00 a.m. (Cuban local time) on this March 2, the euro remains at 570 CUP.
The Freely Convertible Currency is still being sold at an average of 410 CUP.
Exchange Rate Evolution
Exchange rate today 02/03/2026 - 6:45 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 510 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 570 CUP.
Exchange rate of MLC to CUP according to elTOQUE: 410 CUP.
The rates published by elTOQUE have become a key indicator for measuring the real evolution of the Cuban peso against foreign currencies, in a context where the official exchange rate (1 USD = 24 CUP for legal entities and 1 USD = 120 CUP in the state exchange market) remains far below the values that prevail in everyday practice.
This is compounded by the so-called "floating" exchange rate, which, although marketed as a more flexible mechanism since mid-December, remains far from the informal rate and fails to meet the actual demand for foreign currency among the population.
The gap between the official and informal rates reflects the ongoing scarcity of foreign currency in the state banking system and the high demand for dollars and euros among the population, whether for emigration, importing goods, protecting savings, or making purchases in the private sector.
In a scenario of sustained inflation, low state wages, and increasing partial dollarization of the economy, every fluctuation in the informal market directly impacts internal prices and the purchasing power of Cubans.
Equivalence of U.S. Dollar (USD) banknotes to Cuban Peso (CUP), according to the exchange rates on March 2nd:
1 USD = 510 CUP.
5 USD = 2,550 CUP.
10 USD = 5,100 CUP.
20 USD = 10,200 CUP.
50 USD = 25,500 CUP.
100 USD = 51,000 CUP.
Equivalence of Euro (EUR) banknotes to Cuban Peso (CUP):
1 EUR = 570 CUP.
5 EUR = 2,850 CUP.
10 EUR = 5,700 CUP.
20 EUR = 11,400 CUP.
50 EUR = 28,500 CUP.
100 EUR = 57,000 CUP.
200 EUR = 114,000 CUP.
500 EUR = 285,000 CUP.
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