- Thread starter playacaribe2
- Start date
USD/DOP
It being that I am selling a house in Canada... I'm watching the CAD-US conversion closely.
My advisors tell me to expect a small improvement in Oct/Nov...
Might get worse later on....
80 cents would be considered a good deal - they say
My advisors tell me to expect a small improvement in Oct/Nov...
Might get worse later on....
80 cents would be considered a good deal - they say
Inching ever closer to 50:1;
https://gdc.bancentral.gov.do/Common/public/estadisticas/mercado-cambiario//documents//tasaus_mc.pdf
Respectfully,
Playacaribe2
https://gdc.bancentral.gov.do/Common/public/estadisticas/mercado-cambiario//documents//tasaus_mc.pdf
Respectfully,
Playacaribe2
Actually, it was not 49.85 when I made a guess............not a prediction......as can plainly be ascertained by reading this thread or the exchange rate thread.
Do you have something of substance/factual to add to the topic of the thread........or is this just another drive-by shot.......
Respectfully,
Playacaribe2
Yes I have. Anyone that is alive and living in the DR knows that it has been over 49 for some time now. So you sticking your neck out and saying it will be over 50 by the end of the years is comical at best. And don't waste your time with some BS response because I have stated a fact and am done here.
The Banco Central did not follow the US lead in raising interest rates in September and the peso has weakened further.
Based on the latest communique from them, and barring any interest rate increase by them, it now appears likely that 50:1 will arrive at the exchange houses/banks within the next week.
https://gdc.bancentral.gov.do/Common/public/estadisticas/mercado-cambiario//documents//tasaus_mc.pdf
Respectfully,
Playacaribe2
Based on the latest communique from them, and barring any interest rate increase by them, it now appears likely that 50:1 will arrive at the exchange houses/banks within the next week.
https://gdc.bancentral.gov.do/Common/public/estadisticas/mercado-cambiario//documents//tasaus_mc.pdf
Respectfully,
Playacaribe2
Last edited:
It’s official. Dollar is over 50:1
https://almomento.net/el-dolar-se-coloca-por-encima-de-los-50-pesos-en-republica-dominicana/
https://almomento.net/el-dolar-se-coloca-por-encima-de-los-50-pesos-en-republica-dominicana/
The best that I've been able to find to convert USD's here in SD is at Caribe Express for RD$49.80 as of today, so for most of us it is still under $RD50-$1USD.
On another note, I can hardly understand how this is sustainable in the long run and thinking this country is going to end up like Panama-Ecuador-El Salvador-making the USD the country's currency.
That is for those currently needing to purchase/buy dollars.
For those looking to purchase/buy pesos, i.e., sell dollars..........we are not quite there yet.
However, it looks like within a week you will see cambio's/banks offering to purchase/buy dollars at 50:1.
Someone will likely report 50:1 soon........in the Exchange Rate thread
Respectfully,
Playacaribe2
This is the exception, not the rule. That rate is good, but no problem finding the same at the Exchange places.
It was a problem up here. There weren't any that could beat that rate. There's always one or two cambios mostly in Santiago or Santo Domingo that offer slightly better exchange rates but, if you don't live there, or nearby, what difference does it make?
Even if some cambio were offering 49.9 last week, and none were reported on this thread, that would only make 100 peso difference on exchanging $1000 USD. It wouldn't even be worth driving to Sosua for that small of a difference.
I enjoy watching these posts and find them informative about the general direction of the exchange rate
But as far as the hair splitting... the daily differences are insignificant (IMO) to my way of thinking.
When the shift gets from 45.7 to 46 and a bit for example... we're seeing the trend.
The impact on the old pocketbook is negligible
And that would be a correct observation involving the negligible impact on most people.
However, my clients who are regularly exchanging large sums..........need to, and do...........pay close attention to the exchange rates as they can have a large impact on the profitability of their business.
Respectfully,
Playacaribe2
Agreed
the larger amounts swing further....heavy wins every time !!
I just did a large Cdn to US conversion and I shaved the rate/fee...
it helps !!
Hard to wangle the rate but the fee changes dramatically with larger amount
Basis points went in half for the exchange fee....
$1-99,000 dollars is expensive
The banks have a declining scale....the larger the amount, the less basis points they ask for
the larger amounts swing further....heavy wins every time !!
I just did a large Cdn to US conversion and I shaved the rate/fee...
it helps !!
Hard to wangle the rate but the fee changes dramatically with larger amount
Basis points went in half for the exchange fee....
$1-99,000 dollars is expensive
The banks have a declining scale....the larger the amount, the less basis points they ask for