The US dollar reached 635 Cuban pesos (CUP) in the island's informal market this Wednesday, five pesos more than the previous day.
The euro has, on the other hand, risen in recent hours to 715 CUP, indicating an increase of five units compared to the previous day.
In the case of the Freely Convertible Currency (MLC), it has risen by 13 pesos to reach 438 CUP.
Exchange rate today 10/06/2026 - 7:55 a.m. in Cuba:
Exchange rate of the dollar USD to CUP according to elTOQUE: 635 CUP.
Exchange Rate Evolution
Exchange rate of the euro EUR to CUP according to elTOQUE: 715 CUP.
Exchange rate from MLC to CUP according to elTOQUE: 438 CUP.
The dollar and the euro thus continue a bullish streak that marks 15 consecutive days of depreciation of the Cuban peso.
Since the end of May, when the dollar was priced at 580 CUP, the U.S. currency has risen 55 pesos in just ten days of June, an increase of 9.5% that exceeds the projections of the Currency and Finance Observatory of elTOQUE (OMFi), which estimated a central scenario of 620 CUP and a maximum of 650 CUP for the end of the month.
The climb has been virtually daily: the dollar went from 585 CUP on June 1 to 595 CUP the next day, crossed the historic barrier of 600 CUP on June 3, and has not stopped since then: 610, 615, 620, 625, 630, and now 635 CUP.
The euro followed a similar trajectory, accumulating 50 pesos in increases from the end of May to today, which represents a rise of 7.6% in ten days.
The MLC, for its part, rose by 13 pesos this Wednesday to 438 CUP, although it has not recovered the 450 CUP it registered in recent days.
The gap between the informal market and the official rate of the Central Bank of Cuba (BCC) is increasingly vast: while the informal dollar hovers around 635 CUP, the official rate was between 538 and 541 CUP, a difference of nearly 100 pesos that creates additional distortions in access to goods and services.
The informal market also shows a wide dispersion of prices.
According to elTOQUE, in recent hours, some sellers were offering the dollar at 520 CUP, while others were asking for as much as 740 CUP, a gap of 220 pesos that reflects uncertainty and the lack of clear references in a pressured market.
The impact on the Cuban population is devastating.
With an average salary of only 6,930 CUP per month, Cubans need the equivalent of 14 salaries to meet basic needs for a month, estimated at around 96,000 CUP.
The structural causes of the crisis are manifold: a chronic shortage of foreign currency, a collapse in tourism, an annual inflation rate of 14.73%—with agricultural prices rising by 31.9% in the first quarter of 2026—and monetary emission without productive backing, including the introduction of 2,000 and 5,000 peso bills that the regime issued in March.
Since 2020, the Cuban peso has lost over 95% of its value against the dollar in the informal market: the U.S. currency rose from 42 CUP to over 635 CUP in just six years, an unprecedented decline that reflects the accumulated failure of 67 years of dictatorial economic management.
With the OMFi projections indicating a possible maximum of 650 CUP by the end of June, and the upward trend showing no signs of slowing down, Cubans are facing the prospect of the peso continuing to lose ground in the coming weeks.
No roof in sight
The economist Elías Amor warned that the dollar could approach 1,000 CUP if macroeconomic imbalances are not corrected, in a warning he summarized as “Cuba on the brink”.
Analysts consulted by elTOQUE were equally emphatic: the dollar "has no limits in the short term," as the peso remains weak and the structural imbalances show no signs of correction.
The OMFi warned that "if there is no negotiation with the United States, the new phase of isolation will exacerbate restrictions on foreign currency, imported goods, and productive inputs, leading to increased scarcity, social deterioration, and inflationary pressures."
Equivalence of United States Dollar (USD) to Cuban Peso (CUP), according to the exchange rates of this June 10th:
1 USD = 635 CUP.
5 USD = 3,175 CUP.
10 USD = 6,350 CUP.
20 USD = 12,700 CUP.
50 USD = 31,750 CUP.
100 USD = 63,500 CUP.
Equivalence of Euro (EUR) bills to Cuban Peso (CUP):
1 EUR = 715 CUP.
5 EUR = 3.575 CUP.
10 EUR = 7,150 CUP.
20 EUR = 14,300 CUP.
50 EUR = 35,750 CUP.
100 EUR = 71,500 CUP.
200 EUR = 143,000 CUP.
500 EUR = 357,500 CUP.
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