Exchange rate, Economic growth, and GDP

Serac

New member
Mar 23, 2008
18
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0
Is there a correlation between the exchange rate (dollars to pesos) and DR's ecomonic growth in the 90's and this decade, and GDP? I'm asking because growing up in the late 80's and early 90's I recaled my dad and friends talking about "ah como 'ta el peso" and remember druring that time it hovered around 11-14 pesos per dollar and now it's over twice that but yet DR has experienced substantial growth and modernized in the last few decades. Thanks in advance!
 
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rockero

Guest
I AM Confused on this cause it did go near to 50 pesos for awhile too...