The closes this Monday, November 2, 2026, with an unprecedented milestone: the US dollar exceeds the barrier of 900 pesos for the first time, ending the day at an average of 903 Cuban pesos (CUP). The euro also rises, closing at 986 CUP, while the MLC registers an indicative value of 612 CUP, supported by a limited volume of transactions.
The threshold of 900 pesos, which had never been reached by the dollar in the informal market until today, falls on this Monday with an increase of 7.5 pesos compared to the previous session, in which the U.S. currency closed at 895 CUP. The escalation reflects sustained pressure: just a week ago, the dollar was at 843 pesos, and a month ago it hovered around 785 CUP — although this 30-day comparison may partly reflect methodological adjustments of the index, in addition to the market's own movements. In the last month, the dollar has marked a high of 903 CUP and a low of 768 CUP.
The U.S. dollar is trading at 903 Cuban pesos (CUP) as of the close this Monday. This represents an increase of 7.5 pesos compared to the previous day, when it closed at 895 CUP. The currency has seen a rise of 7.1% in the last seven days and 15% over the past month, consolidating an upward trend that shows no signs of slowing down. It continues to set the pace of the informal market amidst a context of structural currency shortages.
The euro closes the day at 986 Cuban pesos (CUP), compared to 983 CUP from the previous session, which represents an increase of 3 pesos. Over the past week, the European currency has risen by 58 pesos, a 6.3% increase, and in the last month, it has accumulated a gain of about 100.5 pesos —with the same caution regarding monthly comparisons—. The highest recorded in the last 30 days is 989 CUP and the lowest is 860 CUP. It is recognized as the most expensive currency in the Cuban parallel market, surpassing the dollar by 83 pesos.
The MLC closes around 612 Cuban pesos (CUP), up 48 pesos from yesterday's close, when it was at 564 CUP. However, this value should be taken as indicative, given the low volume of transactions supporting it during this time frame. Over the past 30 days, the MLC has fluctuated between a maximum of 742 CUP and a minimum of 457 CUP. Without a physical presence, its use is limited to state-run businesses that accept it, which restricts its circulation compared to cash currencies.
Exchange Rate Evolution
- Exchange rate of the dollar USD to CUP: 903 CUP.
- Exchange rate of the euro EUR to CUP: 986 CUP.
- Exchange rate from MLC to CUP: 612 CUP (indicative value, limited data).
The official exchange rate of the Central Bank of Cuba (Segment III), at 768 CUP per dollar and 857 CUP per euro, remains well below the values that govern everyday transactions in the informal currency market. The gap between both markets today reaches 135 pesos for the dollar and 129 pesos for the euro, a distance that illustrates the disconnect between the official economy and the reality that Cubans experience.
Although Segment III was presented as a more flexible exchange mechanism, its official rate remains far from that of the informal market and fails to meet the actual demand for foreign currency from the population. The official dollar rate has risen from 695 to 768 CUP in the last month, a adjustment that, despite its magnitude, is overshadowed by the speed at which the informal market has climbed to 903 pesos.
The gap between the official and informal rates reflects the persistent shortage of foreign currency in the state banking system and the high demand for dollars and euros among the population, whether for emigration, importing goods, protecting savings, or making purchases in the private sector.
In a scenario of sustained inflation, low state wages, and increasing partial dollarization of the economy, every fluctuation in the informal market directly impacts internal prices and the purchasing power of Cubans.
The surpassing of the 900 pesos per dollar mark represents the most significant milestone recorded in the Cuban informal market since systematic tracking of these exchange rates began. This new threshold, reached on Monday, November 2, 2026, occurs in a context of accelerated deterioration of the Cuban peso against the major currencies, with the dollar accumulating a 15% increase in just one month and 7.1% in the last week. The speed of the CUP's depreciation is unparalleled in recent records of the informal market, and the absence of effective state mechanisms to contain the demand for foreign currency suggests that the pressure on the peso could persist in the coming days.
The CiberCuba Exchange Rate is an index of the informal Cuban market created through automated analysis of thousands of currency trading posts in Telegram and Facebook groups. The calculation eliminates atypical offers and spam messages, weighs each transaction based on its recency, and consolidates a representative value that is updated multiple times a day.
Equivalence of US Dollar (USD) banknotes to Cuban Peso (CUP), according to the exchange rates for this Monday, November 2, 2026
- 1 USD = 903 CUP
- 5 USD = 4.515 CUP
- 10 USD = 9.030 CUP
- 20 USD = 18.060 CUP
- 50 USD = 45,150 CUP
- 100 USD = 90.300 CUP
Equivalence of Euro (EUR) bills to Cuban Peso (CUP), according to the exchange rates of this Monday, November 2, 2026
- 1 EUR = 986 CUP
- 5 EUR = 4.930 CUP
- 10 EUR = 9.860 CUP
- 20 EUR = 19.720 CUP
- 50 EUR = 49,300 CUP
- 100 EUR = 98.600 CUP
- 200 EUR = 197,200 CUP
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