The Exchange Rate

Jan 9, 2004
10,897
2,224
113
For those so interested in knowing the exchange rate ranges before they are actually posted by DR1 members in "Today's Exchange Rate", the Banco Central puts out a weekly advisory on its website of the official buy/sell rate as established by the government.

It is in Spanish, but DR1 member Mauricio was kind enough to translate it last week. That translation appears below;


"In compliance with what is established in Numeral 2, Article 4 of the Exchange Regulation of the Monetary and Financial Law No 183-02 of 21st of nov. 2002, we are glad to inform that the exchange rate of the central bank for the acquisition and sale of USD, on closing date of 24-01-2014 are RD@42.9467 and RD$43.0522, respectively., which serve as a reference for the operations of this institution on the 27th of january 2014. These rates are the weighed average of the spot market transactions (cash, transfers and cheques) of the date of today and do not include operations in the market of financial derivates.

In the same way, we inform that, in accordance with the 10th resolution of the Monetary Board of 14-08-2003, the exchange rate to be used for the daily revaluation of assets and passives en foreign exchange will be the referred acquisition rate of the spot market."



The letter remains the same with only the acquisition and sale of USD changing weekly. So if you want to know the direction of the peso and how fast or slow it is changing, you can click the link below for the latest weekly rate set.

http://www.bancentral.gov.do/tasas_cambio/tasaus_mc.jpg

At first, the letter appears difficult to read, but if you mouse over it and click, it will enlarge.


Respectfullly,
Playacaribe2
 
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