The dollar rises while the euro weakens at the end of the day in the Cuban informal market

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By CiberCuba Editorial Team

Wednesday, November 4, 2026 - 8:34 PM

Dollars (Reference image)Photo © CiberCuba

At 8:00 PM, local Cuban time, the wraps up the day this Wednesday, November 4, 2026, showing mixed signals: the U.S. dollar increases and solidifies its upward trend, while the euro loses some momentum compared to the previous session.

The MLC, with a low volume of operations, shows a sharp movement that should be considered as an indicative value.

The dollar continues to rise

The U.S. dollar is priced at 915 Cuban pesos (CUP) at the close of this trading day, with a buying rate around 910 CUP and a selling rate of about 920 CUP.

This represents an increase of 5 pesos compared to the previous day, when the average value was 910 CUP. The trend is clear and sustained: seven days ago, the dollar was at 858 CUP, indicating a rise of 57.5 pesos in a week, equivalent to an increase of 6.7%.

The 30-day comparison shows an increase of 145 pesos—an 18.8%—although this figure may partially reflect adjustments in the index methodology. In the past 30 days, the dollar has reached a high of 915 CUP and a low of 768 CUP. The demand for dollars remains high among those looking to protect their savings against the depreciation of the peso.

Exchange Rate Evolution

The euro is loosening its grip but continues to dominate

The euro closes at 996 Cuban pesos (CUP), with a buy price of 992 CUP and a sell price of 999 CUP. Compared to the previous day, the average value rises by just 1.5 pesos —0.2%— which effectively means a virtually flat exchange rate with a slight retreat from the intraday highs.

In the last week, the euro has gained 55.5 pesos, a 5.9% increase from the 940 CUP it was seven days ago.

The maximum of the last 30 days coincides with today's closing: 996 CUP, while the minimum for the period was 860 CUP. It exceeds the dollar by 81 pesos, consolidating its dominant position in the Cuban parallel market.

The MLC, with indicative data

The MLC closes with an average value of 758 Cuban pesos (CUP), with a buying price of 698 CUP and a selling price of 818 CUP. This figure represents an increase of 70 pesos compared to the previous session —a 10.2% rise— and an increase of 66.5 pesos since today's opening.

However, the data for this currency is marked with a warning of low trading volume, so the value should be taken as indicative and with caution.

In the last 30 days, the MLC has fluctuated between a minimum of 496 CUP and the current maximum of 758 CUP. Without physical existence, its use is limited to the state-owned businesses that accept it, which restricts its circulation compared to cash currencies.

Summary of exchange rates as of the close on November 4, 2026

Exchange rate of the dollar USD to CUP: 915 CUP.
Exchange rate of the euro EUR to CUP: 996 CUP.
Exchange rate from MLC to CUP: 758 CUP (indicative value, limited data).

The official exchange rate of the Central Bank of Cuba (Segment III) is 781 CUP per dollar and 874 CUP per euro, remaining well below the rates that prevail in everyday practice in the informal currency market.

Although Segment III was introduced 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 gap between the official and informal rates for the dollar exceeds 134 pesos; for the euro, it exceeds 122 pesos.

The gap between the official and informal exchange rates reflects the ongoing scarcity of foreign currency in the state banking system and the high demand for dollars and euros by 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 change in the informal market directly affects internal prices and the purchasing power of Cubans.

The Exchange Rate of CiberCuba is an index of the informal Cuban market created through automated analysis of thousands of currency exchange postings on Telegram and Facebook groups; the calculation excludes atypical offers and spam messages, weighs each transaction according to its age, and consolidates a representative value that is updated multiple times a day.