Every time I go to DR I exchange around $1000.00 into pesos. The exchange rate appears to hover around 36 to 37 pesos per dollar, currently it is at 36.95pesos to the dollar. The hotel exchanges 34 pesos to the dollar. I'm doing the math and 36,950 pesos is equal to $1,000, however the hotel will give me 34,000 pesos which is 2,950 pesos or almost $80.00 I lose out just by exchanging!!! My question is are there places that exchange close to or at the exact exchange rate of the day?
I know people do it to make a profit and maybe it's a dumb question but I was just wondering if some people gave back the exact exchange rate, perhaps waiting until the dollar becomes even stronger to trade it in. I've mentioned this before, but I think I'll just pay everything in dollars if that is the case. Can you pay restaurants in dollars? Thanks in advance!
I know people do it to make a profit and maybe it's a dumb question but I was just wondering if some people gave back the exact exchange rate, perhaps waiting until the dollar becomes even stronger to trade it in. I've mentioned this before, but I think I'll just pay everything in dollars if that is the case. Can you pay restaurants in dollars? Thanks in advance!