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  1. #1
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    Default Canadian Exchange Rate

    Does anyone know the going rate for Canadian dollars today in Sosua?

  2. #2
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    Default

    Probably a little lower than is listed here.
    http://www.oanda.com/convert/classic

  3. #3
    Grande Pollo en Boca Chica
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    Lightbulb Fellow Canadian Advice

    Quote Originally Posted by Nelly
    Does anyone know the going rate for Canadian dollars today in Sosua?
    I go to the DR a lot (A LOT) and never take CDN$ - the cost of buying US money here in Toronto then buying pesos with US$ has always been better than taking CDN$ with me, to say nothing of the less than staggering desire at some cambios for other than US$ and Euros . And at times the Euro rate is pretty **** poor.

    You "may" do better with an ATM card but unless you are a premier customer the PLUS ATM fee of $5 a transaction is likely to eat up the CDN/US$ difference. Or prepay your Visa card and do cash advances at banks , then again the fees are there and the hassle of queuing up is not worth the potential savings.

  4. #4
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    Based on the link provided by Malibook:

    Cdn - US - DOP:

    $500.00 CDN = $380.604 US

    $380.604 US = $16,624.40 DOP

    Converted directly:

    $500.00 CDN = $16,624.40 DOP

    Are the savings made at the casa de cambios? They seem to like Canadian Dollars in Sosua but I've had trouble in Puerto Plata before.

  5. #5
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    Quote Originally Posted by Nelly
    Based on the link provided by Malibook:

    Cdn - US - DOP:

    $500.00 CDN = $380.604 US

    $380.604 US = $16,624.40 DOP

    Converted directly:

    $500.00 CDN = $16,624.40 DOP

    Are the savings made at the casa de cambios? They seem to like Canadian Dollars in Sosua but I've had trouble in Puerto Plata before.
    Those Oanda rates are all based on the US dollar so obviously the math works out the same.

    There is a premium paid on US dollars.
    At many cambios, it can be extreme.
    Some cambios are run by banks who give much better rates.
    The money changer at Jack Tar is a ripoff but the one at the Paradise is quite good.
    The difference between changing CDN at Jack Tar and US at Paradise is way more than the official exchange.

  6. #6
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    Nelly, Rocktoronto posted once that it all comes out the same if you use the online calculation because it's all tied to the US dollar but when I went down in Nov. I did what he suggested which is bring US dollars and I did come out ahead when changing it over there.

    At that time I paid 1.31 for US dollar and got up to 42 pesos while for a Canadian dollar they were giving about 25 - 26. I think I ended up with about 4000 more pesos on 1000 CND by doing it that way.

    Oh BTW at that time the banks were paying more than the cambios

  7. #7
    Grande Pollo en Boca Chica
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    Thumbs up Thank You Twice

    Quote Originally Posted by Anna Coniglio
    Nelly, Rocktoronto posted once that it all comes out the same if you use the online calculation because it's all tied to the US dollar but when I went down in Nov. I did what he suggested which is bring US dollars and I did come out ahead when changing it over there.
    One, for proving I was right in things financial (as is my job).
    Two, my cool new "Rocktoronto" moniker.

    Bring what they want, US moolah.

  8. #8
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    Talking

    oops

    I knew I would get something wrong but I didn't think it would be your name.

  9. #9
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    I guess it doesn't hurt to give it a try. I'll let you know how I make out. Thanks all!

  10. #10
    *** Sin Bin ***
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    Quote Originally Posted by Nelly
    Does anyone know the going rate for Canadian ... today in Sosua?
    In Cabarete today Alba and I traded 1 Canadian for 2.6 Dominicans. We could have gotten 3.8 really dark skinned Haitians for the same, sole, Canadian but I didn't want AZB making smart alecky remarks later.

    Tom aka [FONT=Black Chancery]XR [/FONT]I am ROOT. Obey me!

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