i got a 1 year 3.65% with banreservas in june 2011
Well if the dollar goes up in value by 7% or more against the D.R. peso during that time then you have a gain of 10.65% if you put it back into pesos. But if the dollar goes down against the D.R. peso by 7% during the life of the CD then you have lost 3.35% if you bring it back into pesos at the end of the CD. Hope the dollar ended going up for you.
my guess only is the us dollar will be devaluated dramatically so they can pay their debts off cheaper ,and the us thinks this help exports too .I believe china and the us have made a deal to this effect ( since the us owes them tons and now the us won't get away screwing a big player like china .... I hope I am Absolutley WRONG, this will cause big inflation for everyone
Oh yes, the peso is on a slow and steady fall against the US dollar with a 6 peso per dollar drop in just the past 4.5 years: