The peso currently sits at about 38.9 to 1 ($USD). I have been told that after the Presidential Election on May 20th, the Peso could swing strongly against the $USD.
My questions are, is there a general consensus as to what will happen to the peso:
1) If Hippo wins - will it go up or down?
2) If Medina wins - will it go up or down?
3) Why would an election result have a big effect on the peso?
4) How much of a swing - in either direction with either result?
5) What has happened in the past?
I know no one has a crystal ball, but there must be some speculation within the financial sector in the DR.
Thanks for the time, if you have any info.
My questions are, is there a general consensus as to what will happen to the peso:
1) If Hippo wins - will it go up or down?
2) If Medina wins - will it go up or down?
3) Why would an election result have a big effect on the peso?
4) How much of a swing - in either direction with either result?
5) What has happened in the past?
I know no one has a crystal ball, but there must be some speculation within the financial sector in the DR.
Thanks for the time, if you have any info.