The concludes the day this Thursday, November 12, with movements in opposite directions: the dollar eases its quote while the euro gains some ground.
At 8:00 PM local Cuban time, the day's balance shows the Cuban peso regaining ground against the US dollar, though there is little relief for those who rely on these currencies for their daily lives.
The U.S. dollar closes at 905 Cuban pesos (CUP) on average, with a buying rate of 900 CUP and a selling rate of 910 CUP. This represents a drop of 3 pesos compared to the previous day, when it was at 908 CUP.
The trend for this week is also downward: seven days ago, the greenback was trading at 928 pesos, which represents a decline of 23 pesos during that period. In terms of monthly evolution, the current exchange rate is above the 793 pesos recorded 30 days ago, although this comparison should be taken with caution, as it may partly reflect methodological adjustments in the index.
In the last month, the dollar has fluctuated between a maximum of 940 and a minimum of 793 pesos in the informal market. It continues to set the tone for the informal market in a context of structural currency shortages.
Exchange Rate Evolution
The euro closes higher, with an average value of 989 Cuban pesos (CUP), buying at 977 CUP and selling at 1,000 CUP. Compared to the previous day, when it was reported at 985 pesos, the European currency gains 4 pesos. However, on a weekly comparison, it declines: seven days ago it reached 1,000 pesos, resulting in an accumulated drop of 11 pesos during that period.
In the last 30 days, the euro has reached a high of 1.010 pesos and a low of 888 pesos. It is established as the most expensive currency in the Cuban parallel market, surpassing the dollar by 84 pesos at the close of this trading day.
The MLC closes at around 572 Cuban pesos (CUP) on average, with a buying price of 601 CUP and a selling price of 543 CUP. However, this value should be regarded as merely indicative: the closing range has limited data for this currency, which restricts the representativeness of the figure. Compared to the previous session, when it was at 628 pesos, the decrease is 56 pesos, a significant drop of 8.8%.
In the last week, it has dropped from 653 pesos, and in the last month, the range has fluctuated between a maximum of 795 and a minimum of 528 pesos. With no physical existence, its use is limited to state-run businesses that accept it, which restricts its circulation compared to cash currencies.
- Exchange rate of the USD to CUP: 905 CUP.
- Exchange rate of the euro EUR to CUP: 989 CUP.
- Exchange rate from MLC to CUP: 572 CUP (indicative value, limited data).
The official exchange rate of the Central Bank of Cuba (Segment III), set on November 12 at 820 CUP per dollar and 910 CUP per euro, remains well below the values that govern daily practice in the informal currency market. The gap between the official and informal rates is 85 pesos for the dollar and 79 pesos for the euro.
Although Segment III was introduced as a more flexible currency mechanism, its official exchange rate remains far removed from that of the informal market and fails to meet the real demand for foreign currency from the population. It is worth noting that in the past month, the official dollar rate has risen from 702 to 820 CUP, an adjustment that reflects the ongoing pressure on the Cuban peso, but it has not narrowed the gap with the parallel market.
In an environment of sustained inflation, low state salaries, and increasing partial dollarization of the economy, every fluctuation in the informal market directly impacts internal prices and the purchasing power of Cubans. The decline of the dollar at today's closing provides a minimal and temporary relief that, in the context of the structural crisis facing the island, is unlikely to translate into real improvements for the majority of the population.
The Exchange Rate of CiberCuba is an index of the informal Cuban market created from the automated analysis of thousands of currency buying and selling posts in Telegram and Facebook groups. The calculation filters out atypical offers and spam messages, weighs each transaction according to its age, and consolidates a representative value that is updated several times a day.
Equivalence of United States Dollar (USD) bills to Cuban Peso (CUP), according to the exchange rates of this Thursday, November 12, 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 (EUR) banknotes to Cuban Peso (CUP), according to the exchange rates of this Thursday, November 12, 2026
- 1 EUR = 989 CUP
- 5 EUR = 4.945 CUP
- 10 EUR = 9.890 CUP
- 20 EUR = 19.780 CUP
- 50 EUR = 49.450 CUP
- 100 EUR = 98.900 CUP
- 200 EUR = 197,800 CUP
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