records another historic day this Tuesday, November 3rd: the US dollar surpasses for the first time the psychological barrier of 900 Cuban pesos, reaching around 905 CUP.
At 10:00 a.m. (Cuban local time), the euro follows the upward trend and starts the day above 990 pesos, while the Convertible Currency (MLC) is sold at 678 pesos, although this latter figure should be regarded as indicative given the low volume of transactions backing it.
Summary of exchange rates
- Exchange rate of the dollar USD to CUP: 905 CUP.
- Exchange rate of the euro EUR to CUP: 990 CUP.
- Exchange rate of MLC to CUP: 678 CUP (indicative value, limited data).
The dollar exceeds 900 pesos
The US dollar is trading today at 905 Cuban pesos (CUP) in the informal market, with a purchase price around 900 CUP and a selling price reaching 910 CUP.
This represents an increase of 10 pesos compared to the previous day, when the US dollar closed at 895 CUP.
The rise is not momentary: in the last week, the dollar has increased by 60.50 pesos, which corresponds to a rise of 7.2%, and in the last month, it has accumulated an increase of 120 pesos, 15.3% more, although this 30-day comparison may partly reflect methodological adjustments of the index.
Exchange Rate Evolution
The highest recorded in the last 30 days coincides exactly with today's rate, at 905 CUP, while the minimum for the period was at 768 CUP.
The euro approaches 1,000 pesos
The euro is quoted this Tuesday at 990 Cuban pesos (CUP), with a buying range of 986 CUP and a selling range of 994 CUP.
Regarding the previous session, the European currency rises seven pesos from the 983 CUP recorded yesterday.
In weekly terms, the euro has gained 61.50 pesos compared to the 929 CUP from seven days ago, an increase of 6.6%.
Compared to 30 days ago, when it was at 883 CUP, the increase amounts to 107 pesos, a rise of 12.1%. However, this monthly variation should be interpreted with caution due to possible methodological adjustments.
The maximum in the last 30 days coincides with the current rate, at 990 CUP, and the minimum for the period was 860 CUP.
It is asserted as the most expensive currency in the Cuban parallel market, exceeding the dollar by 85 pesos and consolidating its dominant position.
The Freely Convertible Currency with caution
The MLC is referenced this Tuesday at around 678 Cuban pesos (CUP), with a purchase price of 675 CUP and a selling price of 680 CUP.
However, this value should be considered indicative: the available data during this time frame is limited and does not allow for as solid a quotation as that of the dollar or the euro.
Regarding the previous session, the figure represents an increase of 117 pesos from the 561 CUP recorded yesterday, a variation of 20.9% that is also reflected in the weekly comparison.
In the last month, the accumulated increase would be 203.50 pesos from 474 CUP, a 42.9% rise, although these monthly figures may partly reflect methodological changes in the index.
Without physical existence, its use is limited to the state-run businesses that accept it, which restricts its circulation compared to cash currencies.
The gap with the official rate
The official exchange rate of the Central Bank of Cuba (Segment III), set today at 775 CUP per dollar and 868 CUP per euro, remains well below the values that prevail in everyday practice in the informal currency market.
The difference between both markets today reaches 130 pesos for the dollar and 122 pesos for the euro, a gap that illustrates the divide between the official economy and the reality that Cubans face every day.
In the last month, the official exchange rate of the dollar has risen from 695 to 775 CUP, a significant adjustment that, however, has not managed to close the gap with the parallel market, which during the same period has climbed from 785 to 905 CUP.
Context and impact on the population
The突破 of the 900 pesos per dollar marks a milestone in the Cuban informal market since this rate has been measured. Just a week ago, the dollar was exchanging at 845 CUP, and 30 days ago the reference was 785 CUP.
The speed of the increase —more than 60 pesos in seven days— reflects growing pressure on the Cuban peso, which finds no relief in the government's measures.
The euro, for its part, is dangerously approaching the threshold of 1,000 pesos, a barrier that could be breached in the coming days if the trend continues.
In a context of sustained inflation, low state wages, and increasing partial dollarization of the economy, every fluctuation in the informal market directly affects internal prices and the purchasing power of Cubans.
The gap between the official and informal exchange rates reflects the persistent shortage of foreign currency in the state banking system and the high demand for dollars and euros from the population, whether for emigrating, importing goods, protecting savings, or making purchases in the private sector.
Equivalence of United States dollar (USD) bills to Cuban peso (CUP)
- 1 USD = 905 CUP.
- 5 USD = 4,525 CUP.
- 10 USD = 9,050 CUP.
- 20 USD = 18,100 CUP.
- 50 USD = 45,250 CUP.
- 100 USD = 90,500 CUP.
Equivalence of euro bills (EUR) to Cuban peso (CUP)
- 1 EUR = 990 CUP.
- 5 EUR = 4,950 CUP.
- 10 EUR = 9,900 CUP.
- 20 EUR = 19,800 CUP.
- 50 EUR = 49,500 CUP.
- 100 EUR = 99,000 CUP.
Methodology
The CiberCuba Exchange Rate is an index of the informal Cuban market developed from the automated analysis of thousands of currency trading posts in Telegram and Facebook groups.
The calculation filters out atypical offers and spam messages, evaluates each transaction based on its recency, and consolidates a representative value that is updated several times a day.
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