Dollar Rises to 928 Pesos and Euro Nears 1,000 on Cuba's Informal Market
The dollar traded at 928 CUP this Friday, November 6, eight pesos more than the day before, while the euro held at 1,000 CUP. The Central Bank's official rate is 793 CUP per dollar and 890 per euro.
Key points
- The dollar opened Friday, November 6, at 928 CUP on the informal market, eight pesos more than Thursday, based on the informal market index.
- The euro holds at 1,000 CUP, unchanged from the previous day, but has risen 5.2% in one week.
- The Central Bank's official rate (Segment III) is 793 CUP per dollar and 890 CUP per euro.
- The gap between the official and informal rates exceeds 135 pesos for the dollar and is around 110 for the euro.
What happened
At 10:00 a.m. Havana time, the informal market opened this Friday, November 6, 2026, with the dollar climbing. The index compiled by CiberCuba put it at 928 CUP, with a buy price of 925 and a sell price of 930, eight pesos above the previous day's average of 920.
Over the week the dollar gained 55 pesos, or 6.3%. Seven days ago it traded at 873 CUP. A month ago it stood at 768, although the index's own methodology may explain part of that jump, a caveat the same source raises. Even so, 928 is the highest level recorded in the last 30 days.
The euro opened stable at an average of 1,000 CUP, with a buy price of 1,000 and a sell price of 999. In the week it added almost 50 pesos (5.2%), up from 950 seven days ago. Over the month it climbed from 863 to 1,000, with a high of 1,001 and a low of 860. It is now the most expensive currency on the parallel market, 72 pesos above the dollar.
The MLC, the digital-only currency, stood at around 652 CUP, with a buy price of 608 and a sell price of 699. The figure is indicative, since there was little data at that hour. It fell 33 pesos from yesterday's 685 but rose 45 from the 607 of a week earlier.
Context
The official exchange rate of the Central Bank of Cuba, Segment III, is 793 CUP per dollar and 890 CUP per euro. The gap with the informal market is above 135 pesos for the dollar and close to 110 for the euro.
The official dollar rate has climbed from 695 CUP on October 7 to 793 today. That pace does not match the parallel market's. Segment III was presented as a more flexible mechanism, but it does not cover the population's demand for foreign currency.
The informal index is calculated automatically from thousands of buy and sell posts in Telegram and Facebook groups. It discards atypical offers and spam, gives more weight to recent transactions, and updates several times a day. CiberCuba, which publishes it, describes the method this way.
How it affects you
Every move in the informal market feeds into domestic prices and purchasing power, in a country with inflation, low state salaries and partial dollarization. Demand for dollars and euros comes from people who want to emigrate, import goods, protect their savings or buy from the private sector.
Comparison of exchange rates (CUP):
| Currency | Informal today | Informal 7 days ago | Official (Segment III) |
|---|---|---|---|
| Dollar | 928 | 873 | 793 |
| Euro | 1,000 | 950 | 890 |
The MLC exists only in digital form, so it can be spent only in state stores that accept it.
FAQ
What is the dollar rate on the informal market?
The informal index puts it at 928 CUP on Friday, November 6, with a buy price of 925 and a sell price of 930.
What are the official dollar and euro rates?
The Central Bank sets 793 CUP per dollar and 890 CUP per euro in Segment III.
How is the informal market index calculated?
Through an automated analysis of currency buy and sell posts in Telegram and Facebook groups, which discards atypical offers and spam and weights transactions by recency.
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