Page 1 of 3 123 LastLast
Results 1 to 10 of 29
  1. #1
    Bronze
    Join Date
    Jul 2005
    Posts
    1,421
    Post Thanks / Like

    Default Exchange rate before election

    Seems the rate has been creeping towards 40 to 1USD as the election closes in. If Hippo is elected do you see a chance of it going over 50 again. If so will the menus in the tourist areas be changed to dollars from pesos again. Even at the airport it is cheaper to pay in pesos at the STI food court. And are the Sosua putas quoting rates in dollars again. Gonna be an interesting 4 months.

  2. #2
    Platinum
    Join Date
    Jan 2002
    Posts
    21,792
    Post Thanks / Like

    Default

    Looks like,barring any "Stumbles" by the PLD,"hippolito" won't win.
    But the peso will continue it's drop vs the US Dollar in 2012.
    "GOOD",I got a few "Bucks"!
    CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC

  3. #3
    Silver
    Join Date
    Jan 2002
    Posts
    3,438
    Post Thanks / Like

    Default

    Leonel has been keeping the peso from falling during his whole term. At what cost? Just look at the depts the DR has. He can't perform miracles so it's been sliding a little more every month. He's probably hoping Hippo wins to justify it's dropping to 50:1 where it should have been from day one.

  4. Likes Criss Colon liked this post
    Dislikes Criss Colon disliked this post
  5. #4
    Bronze
    Join Date
    Oct 2009
    Posts
    1,519
    Post Thanks / Like

    Default

    If the past is any indication, the last time Hippo took office the peso went from approx 28 to over 50 in a few months. If he repeats this feat than the peso should go from near 40 to 70. Buckle up your seatbelts.

  6. #5
    Platinum
    Join Date
    Jan 2002
    Posts
    21,792
    Post Thanks / Like

    Default

    I would LOVE that!
    At 56 to 1,I did a lot of improvements to my home.
    CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC

  7. #6
    Platinum
    Join Date
    Jul 2004
    Posts
    30,650
    Post Thanks / Like

    Default

    Where is Pichardo when the pesos need him? Their true value is 28 to 1.

    We will see that immediately after Hippo releases all controls.

  8. #7
    Platinum
    Join Date
    Jul 2004
    Posts
    30,650
    Post Thanks / Like

    Default

    Quote Originally Posted by Derfish View Post
    You wanna give $1.00 for every 28 pesos I can rustle up?
    Let me fire up a time machine.

    But wait.. It's not worth the energy. Fuggedaboutit

  9. #8
    Silver
    Join Date
    Jan 2002
    Posts
    3,438
    Post Thanks / Like

    Default

    Quote Originally Posted by belmont View Post
    If the past is any indication, the last time Hippo took office the peso went from approx 28 to over 50 in a few months. If he repeats this feat than the peso should go from near 40 to 70. Buckle up your seatbelts.
    Don't worry with all the cash "borrowed or otherwise acquired" that they will be putting out in the 3 months prior to the elections, it seems that the PLD will be the winners. Not sure about the futur of the peso.

  10. #9
    Regular
    Join Date
    Jun 2008
    Posts
    445
    Post Thanks / Like

    Default

    Official exchange rate yesterday at Yahoo Finance was 38.725! I thought street money changers gave better rates than official ones?? Yahoo says "Please note: The exchange rates given are 'bank rates'. High street rates may be subject to commission", so is that the deal? Interestingly, the rate according to Yahoo Finance on Thursday was only 38.5803......is that a large jump in only one day? I don't follow this regularly, just when I need to change some cash. And only saw the official rate on a site by accident when I was searching for a specific restaurant review. And it said it was 38.87! (Dominican Republic Live ! - News, Videos and Informations from Dominican Republic, town by town.) That's when I checked Yahoo Finance.

  11. #10
    Platinum
    Join Date
    Jan 2009
    Posts
    22,821
    Post Thanks / Like

    Default

    NYTimes is quoting it at 38.5 all week.

    Sometimes the BUY and SELL get crossed.

    Anyway, for those not reliant on pesos for income, the trend towards 50 is nice to see.

Page 1 of 3 123 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •