What is happening with the dollar in Cuba? The informal market is taking an unexpected turn

100 dollar and 100 euro bills (Reference image)Photo © CiberCuba

The US dollar has taken a turn in the .

After a decline of more than 20 pesos over the past week, the U.S. dollar has halted its descent and starts this Friday, November 13, unchanged, while the euro continues to lose ground.

At 10:00 a.m. (local time), the dollar is priced at 905 Cuban pesos (CUP), the same value as the previous day.

The euro, for its part, falls five pesos and is now at 985 CUP, moving away once again from the 1,000 peso barrier.

The dollar pause introduces a new question in the Cuban parallel market: Is it a temporary reprieve or the beginning of a trend shift?

Exchange Rate Evolution

For now, the data only confirms that the U.S. dollar has halted its daily decline after losing approximately 2.5% of its value in a week.

The freely convertible currency (MLC) is around 436 CUP, although this exchange rate should be interpreted with caution due to the low trading volume recorded during the early hours of the day.

Exchange rates in Cuba today, Friday, November 13

  • United States dollar (USD): 905 CUP.
  • Euro (EUR): 985 CUP.
  • Freely convertible currency (MLC): 436 CUP. Reference exchange rate due to the low volume of transactions.

The US dollar: a brake on the decline

The US dollar remains this Friday at 905 Cuban pesos (CUP) in the informal market, with no changes compared to the previous day.

Stability comes after a week of declines. Seven days ago, the currency was trading at 928 CUP, resulting in a loss of 23 pesos, approximately equivalent to 2.5%.

Despite this recent decline, the dollar remains above the levels of a month ago.

In the last 30 days, its price has fluctuated between a low of 793 CUP and a high of 940 CUP, a range that reflects the significant variations recorded in the parallel market.

The interruption of the decline does not allow for anticipating a recovery of the dollar, but at least for now, it breaks the sequence of decreases observed over the past week.

The euro continues to decline and is moving away from 1,000 pesos

Unlike the dollar, the euro continues to decline in the Cuban informal market.

The euro is trading this Friday at 985 CUP, five pesos less than the previous day when it reached 990 CUP.

Compared to the 1,000 CUP recorded seven days ago, the euro has seen a decrease of 15 pesos, equivalent to 1.5%.

During the last month, its price has fluctuated between a low of 888 CUP and a high of 1,010 CUP.

Despite the recent declines, the euro remains the highest-valued currency among the three main references of the Cuban informal market, with a difference of 80 pesos compared to the U.S. dollar.

What is happening with the MLC?

The freely convertible currency (MLC) has an indicative exchange rate of 436 CUP this Friday.

However, the low trading volume observed during the early hours of the session limits the reliability of this value and makes it difficult to establish a clear trend.

The reference from the previous session was at 626 CUP, which indicates a difference of 190 pesos. However, the lack of data prevents the interpretation of this variation as a consolidated market decline.

During the last month, the MLC has recorded values ranging between 405 and 795 CUP.

Unlike cash dollars and euros, the MLC operates as an electronic balance used in specific state establishments, which influences its demand and circulation.

    The gap between the informal market and the official rate

    The difference between informal market rates and the official rates of the Central Bank of Cuba (BCC) remains significant.

    While the dollar is trading at 905 CUP in the parallel market, the official reference for Segment III is set at 825 CUP, a difference of 80 pesos per dollar.

    In the case of the euro, the informal exchange rate of 985 CUP exceeds the official rate of 913 CUP by 72 pesos.

    The gap reflects the difficulties of the official exchange system in meeting the demand for foreign currency and the persistence of a parallel market that many Cubans turn to in order to acquire dollars and euros.

    The official exchange rate of the dollar has also risen over the past month, from 707 CUP on October 14 to the current 825 CUP, indicating a depreciation of the Cuban peso against the US currency in that segment.

    The demand for foreign currency continues to be linked to needs such as emigration, imports, the protection of savings, and purchases in the private sector, in an economy characterized by inflation, low state wages, and increasing dollarization.

    Equivalence of United States dollar (USD) bills to Cuban peso (CUP), according to the exchange rates this Friday, November 13, 2026

    • 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 banknotes (EUR) to Cuban peso (CUP), based on the exchange rates of this Friday, November 13, 2026

    • 1 EUR = 985 CUP.
    • 5 EUR = 4.925 CUP.
    • 10 EUR = 9,850 CUP.
    • 20 EUR = 19,700 CUP.
    • 50 EUR = 49,250 CUP.
    • 100 EUR = 98,500 CUP.

    How is the Exchange Rate of CiberCuba calculated?

    The is an index of the informal market created through the automated analysis of thousands of currency trading posts in Telegram and Facebook groups.

    Their methodology eliminates atypical offers and spam messages, weighs records based on their age, and calculates representative values that are updated several times a day.

    The quotes reflect the conditions observed in the informal market and may vary throughout the day.

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    CiberCuba Editorial Team

    A team of journalists committed to reporting on Cuban current affairs and topics of global interest. At CiberCuba, we work to deliver truthful news and critical analysis.