The informal currency market in Cuba opened this Monday with increases in the three reference currencies, according to data from elTOQUE.
The dollar reaches 536 Cuban pesos (CUP), the euro hits 615 CUP, and the MLC rises to 420 CUP.
The day reinforces an upward trend that shows no signs of slowing down.
The dollar rises by one peso compared to Sunday, the euro advances by five pesos, and the MLC sees the largest increase of the day with a jump of 20 pesos after dropping to 400 CUP yesterday.
Exchange Rate Evolution
The euro has thus reached a new historic high, just days after it reached 610 CUP on Saturday, marking a second consecutive record within 48 hours. The European currency broke through the psychological barrier of 600 CUP for the first time on April 19, and since then, it has continued to rise.
The dollar, for its part, surpassed its historical high of 535 CUP on Sunday, a figure that had already exceeded the maximum projection of the Cuban Currency and Finance Observatory (OMFi), which estimated a ceiling of 533 CUP for the end of April.
Exchange rate today 04/05/2026 - 8:39 a.m. in Cuba:
Exchange rate of the USD to CUP according to elTOQUE: 536 CUP.
Exchange rate of the euro EUR to CUP according to elTOQUE: 615 CUP.
Exchange rate from MLC to CUP according to TOQUE: 420 CUP.
Among the structural factors explaining the continuous depreciation of the Cuban peso are the energy crisis caused by the disruption of Venezuelan oil shipments and the suspension of Mexican supplies since January 2026, the decline in tourism, the scarcity of foreign currency in the banking system, and excessive monetary issuance linked to the fiscal deficit.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this May 4th:
1 USD = 536 CUP.
5 USD = 2,680 CUP.
10 USD = 5,360 CUP.
20 USD = 10,720 CUP.
50 USD = 26,800 CUP.
100 USD = 53,600 CUP.
Equivalence of Euro (EUR) bills to Cuban Peso (CUP):
1 EUR = 615 CUP.
5 EUR = 3.075 CUP.
10 EUR = 6,150 CUP.
20 EUR = 12,300 CUP.
50 EUR = 30,750 CUP.
100 EUR = 61,500 CUP.
Filed under: