Cubanโข 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,accordingโ toโฃ data from and then,a market analysis source tracking Cuba’sโค informal exchange rates. The euro fell 60 pesos in the last week and โคis currently trading at 480 CUP, โwhile the dollar dropped to 410 CUP – 10 pesos less thanโข yesterday’s rate.โ The MLC (freely convertible currency)โ remainsโ stable at 205 CUP.
These fluctuations occur within a broader context of โinstability in Cuba’s currency exchange market. and then attributes the periodic rises and falls โ- and โคthe tendency for rates to not return to previous levels โค- to an economic phenomenon known as “exchange overreaction” or overshooting. This pattern, observed as 2022, involves currency surges following shifts in expectations, followed byโ partial declines.
The analysis firm also โคnotedโข coordinated digital campaigns originatingโข fromโฃ accounts linked to the Cuban government in 2024, aimed at temporarily manipulating market perception โขand discrediting the Informal Market Representative Rateโ (TRMI). While 2025 has seen more sustained, less volatile movements, the recent drops suggest aโค potential new correction isโข underway.
Despite potential forโค short-term manipulation through official propaganda, and then emphasizesโ that the underlyingโ structural issues driving the peso’s devaluation – including inflation, fiscalโฃ deficit, and lack of trust – remain unresolved, ultimately leading the market to readjust to its โfundamental realities.
Current Exchange Rates (November 6, 2025, 6:56 am CST):
* 1 USD = 410 CUP
* 5 USD = 2,050 โคCUP
* 10 USD = 4,100 CUP
* 20 USD = โ8,200 CUP
* โข50โฃ USD = 20,500 CUP
* 100 USD โ=โข 41,000 CUP
* 1โ EUR = 480 โขCUP
* 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 โby Prime minister Manuel Marrero โat theโฃ end of 2024, intendedโ to narrow the gap between official andโ informal currency values, remains unclear.
