The dollar reached a new historical high this Sunday in the Cuban informal market, trading at 620 Cuban pesos (CUP), five pesos more than on Saturday, according to monitoring by elTOQUE.
The euro also rises by five pesos and is now at 705 CUP, surpassing the barrier of 700 pesos reached in the previous trading session.
The Freely Convertible Currency (MLC), the digital currency used by the Cuban regime in certain stores, is the only one that remains unchanged today: it stays at 450 CUP, the record it reached the previous day after a jump of 45 pesos in just one day.
Exchange rate today 07/06/2026 - 7:55 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 620 CUP.
Exchange Rate Evolution
Exchange rate of the euro EUR to CUP according to elTOQUE: 705 CUP.
Exchange rate from MLC to CUP according to TOQUE: 450 CUP.
The recent surge in the value of the dollar and the euro has been significant and confirms the crisis of the Cuban peso and the national economy.
In just over a month, the Cuban peso has lost approximately 12% of its value against the dollar, while the gap with the official exchange rate continues to widen.
The rise in foreign currency prices negatively impacts the purchasing power of the population, as the Cuban peso devalues against foreign currencies, increasing the cost of living, especially for those who depend on remittances or need to import products from abroad.
The dollar has broken four consecutive records in early June, in a trend that shows no signs of slowing down. The cumulative inflation between 2024 and 2026 exceeds 200%, and the shortage of foreign currency, the deterioration of tourism, and the energy crisis continue to exert pressure on the Cuban peso.
Meanwhile, the monthly cost of the basic basket for two people in Havana exceeds 41,000 CUP, more than five times the average salary, according to data collected in the daily currency tracking in Cuba.
The currency crisis is part of a broader structural deterioration: an accumulated inflation rate exceeding 200% between 2024 and 2026, chronic foreign exchange shortages, a persistent energy crisis, and tourism that fell from 4.7 million visitors in 2018 to 1.8 million in 2025, depriving the country of one of its main sources of foreign currency.
The economist Elías Amor warned on Friday that if the deterioration continues, the dollar could reach 1,000 Cuban pesos, a figure that would have seemed unimaginable just a few months ago.
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates from June 7:
1 USD = 620 CUP.
5 USD = 3,100 CUP.
10 USD = 6,200 CUP.
20 USD = 12,400 CUP.
50 USD = 31,000 CUP.
100 USD = 62,000 CUP.
Equivalence of Euro (EUR) banknotes to Cuban Peso (CUP):
1 EUR = 705 CUP.
5 EUR = 3.525 CUP.
10 EUR = 7,050 CUP.
20 EUR = 14,100 CUP.
50 EUR = 35,250 CUP.
100 EUR = 70,500 CUP.
200 EUR = 141,000 CUP.
500 EUR = 352,500 CUP.
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