This Wednesday, the dollar remains at 600 Cuban pesos (CUP) in the informal market, the historic record price that the U.S. currency reached on Tuesday after a surge of 65 CUP in just 12 days during May and June.
The euro stands at 635 CUP, although the real-time trend indicates an upward movement, aiming to recover the value it lost yesterday, when it dropped from 647.5 CUP on Monday.
The MLC 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 of MLC to CUP according to elTOQUE: 400 CUP.
The real-time table from elTOQUE recorded the following values at noon: one dollar equals 600 CUP (+5), one euro equals 642.76 CUP (+1.58), one MLC equals 402.61 CUP (-2.61), one Canadian dollar equals 388.30 CUP, and one Zelle equals 566.75 CUP.
The rise of the dollar began in mid-May and has shown no signs of stopping. On May 28, it increased by eight CUP in a single day to reach 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 hit 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 pace that, according to elTOQUE, "even surpasses the most pessimistic projections of the Observatory of Currencies and Finance 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 timeline of the symbolic thresholds illustrates the acceleration of decline: the dollar crossed 200 CUP in October 2022, took one year and four months to reach 300 CUP in February 2024, hit 400 CUP in August 2025, and surpassed 500 CUP for the first time on February 10, 2026. The 600 CUP mark was reached just four months later.
The structural backdrop has not changed: a chronic energy crisis, a collapsed tourism sector - in March 2026, only 35,561 international visitors arrived, an 82% decrease compared to the same month in 2025 - and the absence 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 noted by elTOQUE, "continues to widen without pause."
The specialized outlet on 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) 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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