- Thread starter Jerry K
- Start date
Value of peso
Come on get with it Jerry, the official exchange rate is always on the DR1 homepage, down the left side just above the weather.
One local (Puerto Plata) exchange house was offering RD $18.25 to the US $ on Wednesday. I would think anything from RD $18 20 - RD $18.50 would be the rate for BUYING US $1.00 as of today, but I haven't checked it!!! - Grahame.
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It won't be $20 when you arrive in early September. But the way things are going, it will reach that mark early next year. I had been predicting $20 by the end of the year, but the government always shores up the peso just before the main tourist season to lower the rate versus the dollar to make a vacation here look like a good value for tourists.
However, their attempt to lower the peso this past week by injecting $50 million US dollars into the economy (their traditional way of doing this) failed as the effects of this artificial lowering lasted only a few days and the peso climbed back up to it's current exchange rate. I heard it was already going over $18.50 in some places,...and climbing more.
However, their attempt to lower the peso this past week by injecting $50 million US dollars into the economy (their traditional way of doing this) failed as the effects of this artificial lowering lasted only a few days and the peso climbed back up to it's current exchange rate. I heard it was already going over $18.50 in some places,...and climbing more.