DR1 Daily News - Dominican Republic

The exchange rate of the US dollar against the Dominican peso has shown a noticeable downward trend over the past two weeks, retreating from its mid-March peak of nearly RD$64 per dollar. This shift is evident at commercial bank windows across the country, El Dia reports.

This decline is attributed to a combination of seasonal increases in foreign currency inflows from remittances and tourism, coupled with proactive measures by the Central Bank to manage the exchange rate. This development offers potential relief from inflationary pressures for consumers and businesses alike.

In the wholesale exchange market, the US dollar is currently trading at RD$61.46 for sale and RD$61.32 for purchase as of Monday, 7 April 2025, marking a decrease of 200 basis points during this period.

This downward movement is also reflected in the retail rates offered by major commercial banks. These...