Did anyone else think it was strange that there was little or no variation in the exchange rate (US-DR) during December?
Generally the dollar depreciates against the peso during December because of the larger amount of dollars in circulation in the DR.
Does this mean that people are really and truly broke and not sending Christmas money to relatives? Or does it mean that the exchange rate is being manipulated and the dollar is about to surge now that the holidays are over?
Generally the dollar depreciates against the peso during December because of the larger amount of dollars in circulation in the DR.
Does this mean that people are really and truly broke and not sending Christmas money to relatives? Or does it mean that the exchange rate is being manipulated and the dollar is about to surge now that the holidays are over?