This Wednesday, the dollar remains at 600 Cuban pesos (CUP) in the informal market, the historic record price at which the American currency reached on Tuesday after a surge of 65 CUP in just 12 days during May and June.
The euro remains at 635 CUP, although the real-time trend indicates an upward movement, trying to recover the value it lost yesterday when it dropped from 647.5 CUP on Monday.
The MLC, for its part, remains stable at 400 CUP for the second consecutive day.
Exchange rate today 03/06/2026 - 8:46 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 600 CUP.
Exchange Rate Evolution
Exchange rate of the euro EUR to CUP according to elTOQUE: 635 CUP.
Exchange rate from MLC to CUP according to TOQUE: 400 CUP.
The real-time table from elTOQUE recorded the following values at noon: one dollar equals 600 CUP (+5), one euro to 642.76 CUP (+1.58), one MLC to 402.61 CUP (-2.61), one Canadian dollar to 388.30 CUP, and one Zelle to 566.75 CUP.
The rise of the dollar began in mid-May and has shown no signs of slowing down.
On May 28, it increased eight CUP in a single day to 570 CUP, the largest daily movement since November 2025. June started on Monday at 585 CUP, marking seven consecutive days of increases, and yesterday it reached 600 CUP.
Since the end of April, when the dollar was at 535 CUP, the Cuban peso has lost 12.1% of its value in just over a month, a rate that, according to elTOQUE, "even exceeds the most pessimistic projections from the Observatory of Currencies and Finances of Cuba (OMFi)," which had estimated a ceiling of 590 CUP by the end of May.
The gap between the informal market and the official rate only exacerbates the problem.
The Central Bank of Cuba sets the dollar at 520 CUP in its Segment III, eighty pesos below the informal price, which, as noted by elTOQUE, "perpetuates a gap that fuels demand in unofficial channels."
The chronology of symbolic thresholds illustrates the acceleration of decline: the dollar crossed 200 CUP in October 2022, took a year and four months to reach 300 CUP in February 2024, reached 400 CUP in August 2025, and surpassed 500 CUP for the first time on February 10, 2026.
The 600 CUP arrived just four months later.
The structural backdrop has not changed: a chronic energy crisis, a collapsed tourism sector—only 35,561 international visitors arrived in March 2026, an 82% decrease compared to the same month in 2025—and a lack of liquid reserves in the state banking system.
For Cubans who rely solely on income in pesos, the gap between their salaries and the cost of the basic basket, as elTOQUE warns, "is continuously widening."
The media outlet specializing in the Cuban economy was emphatic in documenting the new record: "This new threshold, like the previous ones, is not a ceiling."
Equivalence of United States Dollar (USD) bills to Cuban Peso (CUP), according to the exchange rates of this June 3rd:
1 USD = 595 CUP.
5 USD = 2,975 CUP.
10 USD = 5,950 CUP.
20 USD = 11,900 CUP.
50 USD = 29,750 CUP.
100 USD = 59,500 CUP.
Equivalence of Euro (EUR) banknotes to Cuban Peso (CUP):
1 EUR = 635 CUP.
5 EUR = 3.175 CUP.
10 EUR = 6,350 CUP.
20 EUR = 12,700 CUP.
50 EUR = 31,750 CUP.
100 EUR = 63,500 CUP.
200 EUR = 127,000 CUP.
500 EUR = 317,500 CUP.
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