What Currency to take to Dominican?

E

emmafyfe

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Oct 21, 2005

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• Nov 7, 2005

• #1

What is the best currency to take to the dominican?

Am I better taking ? or $ travellers cheques?

 

Tamborista

hasta la tambora

Apr 4, 2005

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• Nov 7, 2005

• #2

Assuming you are referring to The "Dominican Republic"?
Your best bet is to bring USD and exchange upon arrival.
You will be bent over on the exchange rate from GBP to RD Pesos.
If you feel secure with Travelers Cheques, bring USD denominated.

 

P

Potato_Salad

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Oct 13, 2005

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• Nov 7, 2005

• #3

In terms of safety, I recommend that you bring $ travellers cheques.

 

J

Jimmydr

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Apr 17, 2003

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• Nov 7, 2005

• #4

I carry my palpal card and draw pesos from that.

 

J

jruane44

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Jul 2, 2004

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• Nov 7, 2005

• #5

Jimmydr said:

I carry my palpal card and draw pesos from that.

Click to expand...

What is a palpal card?

 

J

Jimmydr

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• Nov 7, 2005

• #6

jruane44 said:

What is a palpal card?

Click to expand...

Its what people use on E Bay, paypal. They also issue cards that charge you $1 to draw money out.

 

Tamborista

hasta la tambora

Apr 4, 2005

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• #7

Why is "PALPAL" better to use in an ATM than a bank card?

 

J

Jimmydr

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• Nov 7, 2005

• #8

Tamborista said:

Why is "PALPAL" better to use in an ATM than a bank card?

Click to expand...

Chase Bank charges $3.50 per transaction and payPal only $1.

On paypal the street was 29.00 to 29.50, I got 29.33 on paypal and 28.25 on Chase. I think this was September.

 

Tamborista

hasta la tambora

Apr 4, 2005

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• #9

Are you drawing funds from a "Credit Balance" off your PALPAL account, otherwise it's considered a cash advance.

 

Last edited: Nov 7, 2005

J

Jimmydr

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• Nov 7, 2005

• #10

Tamborista said:

Are you drawing funds from a "Credit Balance" off your PALPAL account, otherwise it's considered a cash advance.


I do not pay any ATM fees, I have 2 Scotia Bank accounts, one $RD and one $USD. I can fund it through a FREE transfer from my US based funds.

Click to expand...

I keep a balance and move money from my regular account into it, free of charge.

 

P

Potato_Salad

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Oct 13, 2005

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• Nov 7, 2005

• #11

Jimmydr = A very smart man!!! :classic:

Me = Very stupid!!! :cross-eye

 

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Jimmydr

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• Nov 7, 2005

• #12

Potato_Salad said:

Jimmydr = A very smart man!!! :classic:

Me = Very stupid!!! :cross-eye

Click to expand...

Why do you say that?

 

P

Potato_Salad

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• Nov 7, 2005

• #13

Jimmydr said:

Why do you say that?

Click to expand...

I used my Chase card all the time. And I made many withdrawals with it.
Imagine all the drinks I could have used my money on.

 

T

Tor

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Jan 1, 2002

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• Nov 7, 2005

• #14

As I always says in these discussions, just use the Atm's. If in Sosua, use the one at Banco Progreso, next to Super Super, there you can take out 20.000 in one transaction.

 

D

duck

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• Nov 8, 2005

• #15

ATM is usually the best way concerning rates. Even though the rate RDP / USD may be better than RDP / GBP, you will also lose on the exchange when you convert the GBP to USD. It usually comes out to about the same. unless you are moving large amounts of money, it only makes a few bucks difference anyway. Having a few USD in small denominations doesn't hurt.