Cuban Currency Market Shudders as Dollar and Euro Values Plummet
Havana,Cuba – November 6,2025 – both the dollar and the euro experienced meaningful declines in value against the Cuban Peso (CUP) today,according to data from and then,a market analysis source tracking Cuba’s informal exchange rates. The euro fell 60 pesos in the last week and is currently trading at 480 CUP, while the dollar dropped to 410 CUP – 10 pesos less than yesterday’s rate. The MLC (freely convertible currency) remains stable at 205 CUP.
These fluctuations occur within a broader context of instability in Cuba’s currency exchange market. and then attributes the periodic rises and falls - and the tendency for rates to not return to previous levels - to an economic phenomenon known as “exchange overreaction” or overshooting. This pattern, observed as 2022, involves currency surges following shifts in expectations, followed by partial declines.
The analysis firm also noted coordinated digital campaigns originating from accounts linked to the Cuban government in 2024, aimed at temporarily manipulating market perception and discrediting the Informal Market Representative Rate (TRMI). While 2025 has seen more sustained, less volatile movements, the recent drops suggest a potential new correction is underway.
Despite potential for short-term manipulation through official propaganda, and then emphasizes that the underlying structural issues driving the peso’s devaluation – including inflation, fiscal deficit, and lack of trust – remain unresolved, ultimately leading the market to readjust to its fundamental realities.
Current Exchange Rates (November 6, 2025, 6:56 am CST):
* 1 USD = 410 CUP
* 5 USD = 2,050 CUP
* 10 USD = 4,100 CUP
* 20 USD = 8,200 CUP
* 50 USD = 20,500 CUP
* 100 USD = 41,000 CUP
* 1 EUR = 480 CUP
* 5 EUR = 2,400 CUP
* 10 EUR = 4,800 CUP
* 20 EUR = 9,600 CUP
* 50 EUR = 24,000 CUP
* 100 EUR = 48,000 CUP
* 200 EUR = 96,000 CUP
* 500 EUR = 240,000 CUP
The status of the “floating rate” announced by Prime minister Manuel Marrero at the end of 2024, intended to narrow the gap between official and informal currency values, remains unclear.
